Equity Analyst, LightStream Research

Chacko Jacob

Equity Analyst

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Bottom-Up

<h2><strong>Company Overview</strong></h2><p>In just three years, Mercari Inc was billed a “Unicorn” – the first and only one in Japan. The company, which was started in February 2013, rose to prominence by developing a number of C2C smartphone applications catering to the evolving second-hand goods market in Japan. In its latest funding round in March 2018, Mercari raised JPY 5bn to give it a valuation of JPY 252bn or USD 2.3bn. Including the latest round, the company is estimated to have raised a total sum of USD…</p>

Company OverviewIn just three years, Mercari Inc was billed a “Unicorn” – the first and only one in Japan. The company, which was started in February 2013, rose to prominence by developing a number of C2C smartphone applications catering to the evolving second-hand goods market in Japan. In its latest funding round in March 2018, Mercari raised JPY 5bn to give it a valuation of JPY 252bn or USD 2.3bn. Including the latest round, the company is estimated to have raised a total sum of USD…

Mercari Inc: The Hunt for Discounts Gives Birth to a Unicorn - I