In the past few months, we have introduced exciting initiatives for our employees. We are happy to take that a notch higher. I am excited to announce an initiative which I personally am very excited about - Khatabook Grants Program.
We're Launching Khatabook Grants Program for employees and ex-employees of Khatabook looking to start their entrepreneurial journey in Fintech and MSME tech SaaS-based solutions. The Startups will selectively receive equity investment in the range of 50K to 100K USD.
Over the past 2.5 years, seeing Khatabook's journey and the associated MSME <> Fintech ecosystem evolve, one thing is clear that the space we're operating in has a lot of depth and breadth. I believe that in the near future, a lot more companies would be working towards solving the problems of MSMEs and help them evolve in the digital world, and in turn, addressing problems and aspirations of a large portion of our country's economy.
Many exceptional individuals who believed in Khatabook's vision joined the company in the early days and contributed to growth with their relentless efforts. So now, if some of those individuals wish to start their own entrepreneurial journey in the pursuit of our shared vision of helping MSMEs evolve and grow, we are happy to support them through the Khatabook Grants Program.
Khatabook Grants Program is targeted towards Khatabook employees and ex-employees looking to start their entrepreneurial journey within the FinTech and MSME-focused software space. We'd love to selectively support startups founded by Khatabook employees and ex-employees with their first equity investment in the range of $50,000 to $100,000. And, of course, we will extend the help and mentorship of senior leaders within Khatabook as they embark on their 0 to 1 journeys.