Am I audible?
Thanks for providing this opportunity. My first question is for Akshant. We have implemented a platform fee, or you can call it a convenience fee, of Rs. 5 to 6 in food delivery, which was almost zero last year. Given that the only online category that has successfully implemented a convenience fee is the OTA sector, how much flexibility do we have to potentially increase this platform fee without adversely affecting our volume growth in food delivery?
I have two questions. First one on Blinkit, just to expand on the GOV growth point. So, given that now we are nearing Adjusted EBITDA breakeven in the business, what would be our strategy regarding the expansion of new stores? Will it be focused primarily on GOV growth or on enhancing margin post breakeven? So, I just want to get a qualitative idea from a two three years’ timeline perspective.
Understood. Clear. Second question on the food delivery side, like we reported 3% adjusted EBITDA margin for the food delivery and near-term guidance is around 4% to 5%. Given that there will always be inherent economies of scale in this business, we can sort of keep on expanding the margin. So, would we be focusing on margin expansion, or we will plow back the margins again after we achieve our near-term guidance and move the trend line of growth to, let's say, 25% GOV growth? So, what would be the strategy there in terms of GOV growth and margin expansion?