Future Group

6 statements across 1 episodes · 2 bullish · 1 bearish · 1 people on the record · first statement May 7, 2023 by Kishore Biyani · said 3 times in 2 episodes since 2023 · across every show →

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brought up most by Vidit Aatrey (1), Kishore Biyani (1)

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Everything said about Future Group, oldest first

May 7, 2023
Assertion Not checkable as stated
Biyani: Future Group compounded at 30% annually for 30 years
“I would say, in 30 years, we compounded at 30%. So it was serious. For 30 years, we did grow every year.”
Kishore Biyani May 7, 2023 ▶ 15:56 Ep #3| WTF is E-commerce: Kishore Biyani, Udaan & Meesho Founders Reveal What Sells and What Doesn’t · Nikhil Kamath
May 7, 2023
Disclosure
Biyani: Future Brands conducts nationwide research every six months
“We, as a group, we have an organization, which is called Future Brands, wherein we, from the last 15 years, every six months, we do a Bharat Darshan, and we record every societal change happening in the country.”
Kishore Biyani May 7, 2023 ▶ 18:12 Ep #3| WTF is E-commerce: Kishore Biyani, Udaan & Meesho Founders Reveal What Sells and What Doesn’t · Nikhil Kamath
May 7, 2023 negative
Disclosure
Biyani: Future Group failed by growing on debt without a strong balance sheet
“So what went wrong is basically growing on debt and not building a strong balance sheet.”
Kishore Biyani May 7, 2023 ▶ 1:35:51 Ep #3| WTF is E-commerce: Kishore Biyani, Udaan & Meesho Founders Reveal What Sells and What Doesn’t · Nikhil Kamath
May 7, 2023 positive
Assertion Not checkable as stated
Biyani: Plus-size brand aLL was Future Group's most profitable business ever
“So we had a brand, we built a brand called All, a little larger. That became very big. Actually, it was the most profitable business we ever created.”
Kishore Biyani May 7, 2023 ▶ 33:16 Ep #3| WTF is E-commerce: Kishore Biyani, Udaan & Meesho Founders Reveal What Sells and What Doesn’t · Nikhil Kamath
May 7, 2023
Assertion Supported
Biyani: Future Group opened first 3 Big Bazaar stores in 22 days
“So we opened three stores in 22 days so that we could build some volumes and some scale.”
Kishore Biyani May 7, 2023 ▶ 17:03 Ep #3| WTF is E-commerce: Kishore Biyani, Udaan & Meesho Founders Reveal What Sells and What Doesn’t · Nikhil Kamath
May 7, 2023 positive
Disclosure
Biyani: Future Group built around four or five 1,000-crore brands
“So, we were able to build around four, 5000 crores brands.”
Kishore Biyani May 7, 2023 ▶ 39:55 Ep #3| WTF is E-commerce: Kishore Biyani, Udaan & Meesho Founders Reveal What Sells and What Doesn’t · Nikhil Kamath
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