Kishore Biyani, who gave 'bazaar' a new meaning, has made no bones about his ambitious plans to expand. In charting out the path ahead for Future Group last year, Biyani set his sights on a turnover of Rs 1,00,000 crore by 2021.
Despite exiting Jabong and Fabfurnish, the German startup incubator Rocket Internet maintains it's going to stick around in India.
"We believe this (e-commerce) shake-up may intensify further, leading to the emergence of one or two strong companies within each sub-sector," said the research report by Kotak Institutional Equities.
Future Group completed its buyout of furniture marketplace FabFurnish last month. This deal will give the group velocity of sale and help it reach more geographic loctions, says Kishore Biyani, Founder, Future Group.
FabFurnish will ensure entrance into more cities for the company, says Kishore Biyani, CEO of Future Group.
Rocket Internet announced a 104 million euro funding round in Foodpanda to capitalise on the growth opportunity and allow for further selective investments in key markets.