The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Manan Shah - Moneybee Group - Analyst
: Yeah, hi, thanks for the opportunity. My first question was that we had recently filed a case against one of our competitor for IP test. So can you
update us on this case? And where is this case right now at? That would be my first question.
My second question was that, with the increasing in the competitive intensity, would we start spending on advertising? Because, currently, we are
not spending anything on advertising.
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JANUARY 19, 2021 / 10:30AM, INMR.NS - Q3 2021 IndiaMART InterMESH Ltd Earnings Call
And my last question was on the recent fundraising. We had already sitting on adequate cash and cash equivalents on our balance sheet. So why
is there a need to raise such a huge cash right now? Hello?
Question: Manan Shah - Moneybee Group - Analyst
: How confident are we on our claims like --?
Question: Manan Shah - Moneybee Group - Analyst
: Yes.
Question: Manan Shah - Moneybee Group - Analyst
: Okay. And on the ad front?
Question: Manan Shah - Moneybee Group - Analyst
: Do you feel like in a controlling stake, or would be investment kind of acquisitions that we're looking at?
Question: Manan Shah - Moneybee Group - Analyst
: Okay, thank you. I'll get back in the queue.
Question: Manan Shah - Moneybee Group - Analyst
: Yeah. Hi. Thanks for the opportunity again. Earlier, we had plans of having differential pricing across different geographies and across product
category (technical difficulty) --
Question: Manan Shah - Moneybee Group - Analyst
: Hello? Am I audible?
Question: Manan Shah - Moneybee Group - Analyst
: Okay. And earlier, you used to guide for a net addition of around 5,000 subscribers per quarter. However, in the past two quarters as visible and
also due to more affordable products available, we have been able to add 7,000 to 8,000 net subscribers per quarter.
So should we expect this run rate to continue going forward? And also, if you could provide, what was the gross subscribers that was added or
rather what was the churn during the quarter?
Question: Manan Shah - Moneybee Group - Analyst
: Okay. And are we still offering any discounts for gaining back our old subscribers?
Question: Manan Shah - Moneybee Group - Analyst
: Okay. Thank you.
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