1. There are outstanding legal proceedings involving the Company and Group Company. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
2. Its business depends on the growth of online commerce industry in India & Abroad and its ability to effectively respond to changing user behaviour on digital platforms.
3. Any harm to its brands or reputation may adversely affect its business, financial condition, cash flows and results of operations.
4. If the company is or its brand relationships and sellers fail to identify and effectively respond to changing consumer preferences and spending patterns or changing beauty and fashion trends in a timely manner, the demand for products could decrease, causing its revenue and results of operations to decline.
5. If the company fail to acquire new consumers or fail to do so in a cost-effective manner, its may not be able to increase revenue or maintain profitability.
6. If the company fail to retain existing consumers or fail to maintain AOV levels, its may not be able to sustain its revenue base and margins, which would have a material adverse effect on its business and results of operations.
7. If the company fail to retain its relationships with brands, manufacturers, distributors and sellers, or attract new relationships, its business, financial condition, cash flows and operations will be adversely affected.
8. The company operate in a highly competitive industry and its failure to compete effectively could have a negative impact on the success of its business and/or impact its margins.
9. The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.
10. Its technology infrastructure and the technology infrastructure of the company third-party providers are susceptible to security breaches and cyber-attacks. This could potentially result in damage to its operations, employees, consumers, third-party providers, its reputation and adversely affect the company financial condition, cash flows and results of operations.