Sachin Salgaonkar

Hi. Thanks for the opportunity. Congrats on a great set of results, Vidit and team. I have a few questions. First question on Valmo. Now that the one -off issues are behind and the network looks optimized, how is management thinking about the mix between in -sourcing and outsourcing? I think you guys are currently roughly at 50, 55%. Where do you see this number moving in the medium term?

Got it, very clear. Second question, as we head into next fiscal, how should we think about your investments in new user acquisition? This is pretty high in FY '26, but now that your voice AI shopping agent is running well and there are other AI -led investments to acquire customers, should we expect this acquisition investment to meaningfully come down?

Pretty clear on that. Third question, given the fact that we saw a sharp margin improvement and ad as a percentage of NMV continues to improve, would management look to give some kind of a guidance when the company could be EBITDA break-even? Because directionally, one looks like it is not far off from you guys being EBITDA break -even. And separately, the same comments on free cash flow.