Shouldn’t the same question be asked of investments in his group too, where even startups are eating his lunch?
What was the rationale of super markets 10 years ago?
Footfalls. Which ultimately proved to be wrong.
Kishor biyani, why would you question valuation of someone else?
Do you biz and watch the game.
They're still playing the same game. Whenever you talk marketing with them, they pull out their footfall nos. for negotiation, even when it's not relevant to the discussion :-)