We continue to like platform-based businesses because of their ability to build strong customer ecosystems and unlock significant operating leverage over time. The Indian market has shown a tendency to accept indirect platform fees more easily than transparent ones, which gives such models a unique advantage. The challenge, however, lies in valuation — these businesses can’t be judged on today’s numbers but on their potential three to four years out. This makes them behave more like venture investments, though in public markets the daily mark-to-market volatility adds pressure. We remain positive on the space, but risk manage the exposure carefully, ensuring that our position sizes are calibrated so we’re not forced to sell during volatile phases.