News > Nykaa IPO: Asset-light model impressive but not in a rush to buy, says Pramod Gubbi

Nykaa IPO: Asset-light model impressive but not in a rush to buy, says Pramod Gubbi

CNBC TV18 | 28/10/2021 01:54 PM | Click to read full article

Pramod Gubbi, co-founder of Marcellus Investment Managers, on Thursday, said that it’s worth being invested, but invest in companies with strong fundamentals and long-term competitive advantages.

“Our investment philosophy looks at longer track record and many of these have done well of late, particularly, Nykaa has; it’s incredible how asset-light the business has been with very little investment and it has grown to such a large size, but we'd rather wait,” said Gubbi.