The Ledger

Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.

clear all ✕

why aren't all 6 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable

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
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
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
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
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
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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