May 25, 2024

Big Bazaar Failure, DMart & Rakesh Jhunjhunwala Success Story - Prashant Desai | FO 206 Raj Shamani

1 hour 18 minutes

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Timestamps:

(00:00) - Introduction

(04:27) - How he worked with Kishore Biyani?

(10:07) - How he worked with Rakesh Jhunjhunwala?

(12:02) - His story of working with Jignesh Shah

(13:01) - How he lost all his wealth?

(30:20) - How Kishore Biyani became successful?

(36:05) - Big Bazaar's success secrets

(38:36) - Learn this from Kishore Biyani

(41:01) - Kishore Biyani’s mistake

(45:33) - Big Bazaar Vs Dmart

(50:55) - Wealth creation tips of Rakesh Jhunjhunwala

(53:44) - Fall of Raymond

(55:21) - Amazon's way of business

(59:44) - How Rakesh Jhunjhunwala's became a brand?

(01:09:36) - Is recession coming?

(01:13:15) - When a Founder should exit?

(01:18:03) - Thank you!

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In today’s episode of Figuring Out, we have Prashant Desai in conversation with Raj Shamani. He is a longevity sherpa who has studied at Stanford School of Medicine and Harvard Medicine School. A few weeks back, we did a health-related podcast with him, which got an overwhelming response so this episode covers his journey with top personalities of India like Rakesh Jhunjhunwala and Kishore Biyani.

In this episode, we talked about his journey of growing up in poverty and how he met Kishore Biyani. He shared the mindset of Kishore Biyani which led him to create millions of dollars and how Kishore Biyani grew brands like Big Bazaar and Pantaloons. He also shared the lessons he learned from Kishore Biyani which we can use in our lives to grow a successful business. He then shared how he met Rakesh Jhunjhunwala and what was so unique about him that he is so known in his industry.

Towards the end, he shared the journey of his failed startup and what he learned when that brand didn’t work. He then shared stories of how Kishore Biyani grew the market cap from 52Cr to 2200Cr in just a few years and why Kishore Biyani faced downfall. We ended our conversation with his memories of Jignesh Shah and how Rakesh Jhunjhunwala created his wealth. For more such episodes, don’t forget to subscribe to our channel.

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By Raj Shamani

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