DSP's Tawakley warns Amazon's success is being misused to justify loss-making D2C bets
DSP Asset Management CIO Anish Tawakley pushes back on the winner-takes-all playbook driving Indian D2C and PLI-led capex valuations, arguing Amazon's outcome is the exception, not the template. He signals a preference for proven profitability over narrative-led growth stories.
What happened
DSP Asset Management · DSP's CIO Anish Tawakley criticizes valuations of loss-making D2C brands and PLI-driven capex stories, arguing Amazon's success is
Why this matters
Valuation expectations for cash-burning D2C targets should compress—revisit stalled deals and pursue tuck-ins of brands whose runway is shortening as growth-at-any-cost capital dries up.
Also reported by
- Moneycontrol · News Web — Same time