Equity Analyst, LightStream Research

Oshadhi Kumarasiri

An equity research analyst with over 7 years of experience in multiple sectors. Previously worked for one of the world's largest asset managers with about USD2.5trn in AUM, covering small and micro-cap companies in the consumer sphere across Europe and developed Asia. Also experienced in covering multiple industries including banking, insurance and asset management, retail, tech, telco and REIT.

Equity Analyst

Nykaa: Don't Get Tamed by Projected TAM, the Actual TAM Could Be Tame

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 Capital Markets

FSN E-Commerce Ventures (Nykaa) / Equity Capital Markets

FSN E-Commerce Ventures (Nykaa) (NYKAA IN)

<a href="https://www.smartkarma.com/entities/fsn-e-commerce-ventures-nykaa" target="_blank" data-smartkarma-citation="entities:33796:1" rel="noopener">FSN E-Commerce Ventures (Nykaa) (1003622D IN)</a> which runs Nykaa and Nykaa Fashion is expected to launch its $700m IPO on 28th October 2021 at an indicative price range of INR 1,085-1,125 per share.Nykaa is the largest beauty care e-commerce platform in India with 6.7m annual unique transacting customers as of June 2021. In addition to the Beauty Care business, Nykaa launched Nykaa Fashion in 2018 to leverage additional business opportunities within Nykaa’s existing beauty care customers.

FSN E-Commerce Ventures (Nykaa) (1003622D IN) which runs Nykaa and Nykaa Fashion is expected to launch its $700m IPO on 28th October 2021 at an indicative price range of INR 1,085-1,125 per share.Nykaa is the largest beauty care e-commerce platform in India with 6.7m annual unique transacting customers as of June 2021. In addition to the Beauty Care business, Nykaa launched Nykaa Fashion in 2018 to leverage additional business opportunities within Nykaa’s existing beauty care customers.

FSN E-Commerce Ventures (Nykaa)

Nykaa IPO: Looking Beautiful