Voice River provides media-on-demand services via the Internet. Voice River raised Rs. 5,000,000 of founders capital in April 2019 and seed financing of Rs. 3 million in September 2019 from the Mint Berg Fund. The firm is currently seeking Rs. 7 million for a growth round of financing. You are required to discuss the type and sources of financing to where the venture is likely to be in its life cycle.