Long term growth trend continues to be healthy The Indian region is expected to increase at 30% CAGR in the next five years led by increasing smart phone penetration and rising online shoppers from (120 million to 450 million CAGR of 24% over next five years). The company expects healthy growth in geographies outside India over the next five years (which we believe could be 25-30%). In addition, Affle sees healthy traction in 10 verticals namely e-commerce, entertainment, ed tech, foodtech, fintech, FMCG, gaming, grocery, government, healthcare (that has increased...