How Kishore Biyani mentored start-ups in 2013 and gained from it too

This is no mean feat for Future Group CEO and Chairman Kishore Biyani.

According to a report in The Economic Times, the group's private equity company Future Ventures invested about Rs 250 crore in 12 ventures in as many months and returned more than double this amount from just three exits.

The company's gains from the investments mean the start-ups that it mentored also grew exceptionally.

[caption id="attachment_1004753" align="alignright" width="380"] Kishore Biyani. Reuters[/caption]

Sandeep Naik, India, MD, General Atlantic Partners, tells the newspaper that Biyani's understanding of customers and his ability to spot consumer trends are phenomenal.

"He is also good at picking strong entrepreneurs, mentoring them and helping scale their businesses by giving them a huge retail platform that he has already built, to launch their products," he has been quoted as saying in the report.

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"They help in scaling up businesses," Ajay Gupta, MD, Capital Foods, a company in which Future Ventures had invested, has been quoted as saying in the report.

The three companies that Futures Ventures exited are Biba, AND Designs and Capital Foods. The returns from Biba stood at 5.5 times, AND Designs 24x and Capital Foods 3.2 times, the ET report says.

All these at a time when sharks of the PE industry managed to get about 2-3 times returns.

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