It's stupid to be in online space: Future Group CEO Biyani

Big Bazaar owner Future Group's CEO Kishore Biyani has said that it's stupid to be in the online space. He has decided he's not going to invest or operate in the e-commerce space for at least next two years. "In lifestyle, the e-commerce industry revenue will be around ₹2,500 crore and losses will be of an equivalent amount," he added.