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Jaswanth Jegan

Founder-Hexpertify.c... • 9m

“Powerhouse of Indian Retail to failure” Billions to Bankruptcy #4 Big Bazaar was started in 2001 by Kishore Biyani under future retail group.It was started as a one-stop shopping destination provided consumers with convenience and value, catering to the diverse needs of Indian households. It pursued an quick expansion strategy, rapidly opening new stores across India. Its aggressive approach allowed it to establish a strong presence.They diversified into new ventures like Food Bazaar, Fashion Bazaar & Electronic Bazaar. The Future Group accumulated substantial debt due to its aggressive expansion and acquisition strategies. Then Covid hit lockdown was implemented they can’t open their stores which resulted to decline of revenue then those debt became a burden. To alleviate pressure Future Group sold some of their assets including Bare Essentials,HomeTown,Future Capital Holdings,etc.Then reliance acquired them for $3.4 billion in 2022 after many legal battles.

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