1. The Company, Promoters, Directors and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
2. The company depends on a limited number of customers for a significant portion of its revenue from operations. The loss of any of its major customer due to any adverse development or significant reduction in business from the company major customer may adversely affect its business, financial condition, results of operations, cash flow and future prospects.
3. Increasing competition in used car business through online and offline players, including authorized dealers, unorganized players may have an adverse impact on its business, result of operations and financial condition.
4. Used vehicles in its car showroom may be stolen, damaged or destroyed before these vehicles can be sold. Further, inventory stored at its Godown which is situated underground of its car showroom, parked with it may be stolen or used without its authorization or for illegal activities, exposing it to liabilities and negative publicity and damage the trust and confidence of its customers.
5. The company relies on third-party service providers for many aspects of its business, and any failure to maintain these relationships could harm its business.
6. The company depends on the reliability of pre-owned car to meet its customer expectation.
7. The company does not have long-term agreements with suppliers for supplying pre-owned cars or a shortfall in the availability or quality of such cars could have an adverse effect on its business, financial condition and results of operations.
8. Its may be adversely affected by fraudulent behavior of sellers or purchasers of used vehicles listed on the company platforms.
9. Documentation and Legal Compliance.
10. Its business will suffer if the company fail to anticipate and develop new services and enhance existing services in order to keep pace with rapid changes in technology and the industries on which its focus.