Dependent on trends in the sectors where its enterprise customers operate.
Part of its business is dependent on the performance of the automotive sector, including in its key market, India. Any adverse changes in the conditions affecting the sector can adversely impact its business.
Inability to maintain or update its map database or errors in its map database.
Dependency on the success of its R&D team.
Failure to develop competitive new or improved products and services or process improvements or updated map data.
Inability to protect its intellectual property (IP) or any third-party claims in relation to infringement of intellectual property rights.
Increase in competition due to the liberalization of the digital mapping industry.
Dependency on a limited number of customers for a significant portion of its revenues.
Termination of contracts or agreements prior to their completion by the clients of the company.
Failure of or disruption in its digital map database, including a disruption related to cybersecurity, internal misconduct, or non-compliance with data protection, privacy, or information security related to Indian or foreign laws.
Dependency on telecommunications and information technology systems, networks, and infrastructure to operate its business.
Inability to sustain its historical growth rates.
Increased governmental regulations.
Dependency on innovation to stay competitive.