Consumer Analyst / Channel Surveillance Specialist, Trudence Capital Advisors

Pranav Bhavsar

Pranav Bhavsar & the team at India Independent Insight (Iii), provide research on consumer companies operating or have exposure to in India. The research methodology focuses on carrying out on-the-ground channel surveillance/checks that include supplier/distributor/customer interactions, access to industry experts, and bespoke primary data sources that aid in providing unique insights and counter consensus ideas.  

Leveraging the team's forensic analysis along with channel surveillance, the team at Iii also aids investors in early identification of changing consumer trends, identification and quantification of accounting/governance risks, and the associated impact on the business model of the company.

Pranav has over 15 years of experience in the Indian equity market, and has worked with some of the global activists, long only and PE funds for their India projects. Prior roles also include building and leading an institutional sell-side desk. In his free time, Pranav is a traveler, biker, and a young Indian contributing to the country’s social and economic development.

Consumer Analyst / Channel Surveillance Specialist

Bumble (BMBL US) | Swipe Right to Access World's Second-Largest Market

Match Group Buys Hyperconnect for $1.7 Billion

ASA Capital Management

ASA Capital Management is a boutique Research and Investment Advisory firm focusing on primary research in India. ASA provides bespoke research services to Institutional Clients with a focus on due diligence backed with primary research, Field Trips & Channel Checks.

Equity Bottom-Up

This insight aims to dwell into the operations of the leading matchmaking platform in India - <a href="https://www.smartkarma.com/entities/matrimony-com" target="_blank" data-smartkarma-citation="entities:22922:1" rel="noopener">Matrimony.com (MATRIM IN)</a> .
Having gained the first-mover advantage in the matchmaking market in India, Matrimony.com holds its ground as the market leader by a huge margin. With the global pandemic pushing more and more people to turn to the internet for all their needs, the company is attractively placed with structural tailwinds for the business. 
However, hardly any growth in paid subscribers, poor capital allocation primarily on account of lower margins and concentrated holders with little float keeps us at bay but we believe that this script is a one to keep a close watch on.

This insight aims to dwell into the operations of the leading matchmaking platform in India - Matrimony.com (MATRIM IN) .
Having gained the first-mover advantage in the matchmaking market in India, Matrimony.com holds its ground as the market leader by a huge margin. With the global pandemic pushing more and more people to turn to the internet for all their needs, the company is attractively placed with structural tailwinds for the business. 
However, hardly any growth in paid subscribers, poor capital allocation primarily on account of lower margins and concentrated holders with little float keeps us at bay but we believe that this script is a one to keep a close watch on. 

Matrimony.com (MATRIM IN) | Not yet a Perfect Match