Rakesh Jhunjhunwala was universally loved because he was also so Earthy and Humble. He said, "Don't forget that God has given it to you and that God can take it away". Not everyone on the then stage can be (or is) there today. 🕉🕉🕉
Hahaha....i m pretty sure this conversation was the first time ever Sachin Bansal had doubts about his business model n within two years he sold his share in 😆Flipkart
@@VS-hs1pb and they wish he knows that business runs on profits unlike his venture wich even to this date after close to a decade yet still no profit as rj said in 19:48 when will they show profits .
Lots of bullying on online newbie's, can visibly see sachin was quite humble to hear from business legends. That shows Bansal maturity in the online industry.
Online retailing is all about: 1. mass customer acquisition (buying behavioral change) and 2. operational excellence (ability to sell cheaper) to reduce the cost of doing business. Sachin Bansal you are a true gentleman here. When lot of people are questioning you, you are going to get something big.
We are discussing so much about customers, service, technology, cost of business, ROI, etc. How many retailers are really taking care of customers? When you go to physical stores, the sales staff is not even aware about product, price or in many cases not even available on floor in many cases. We should first address the core / key concern of serving the customers who are coming to our stores.
@@sagarsaxena6318 in July 2020 RJ was at around 2B. And Bansal had 1B. So only the figure was wrong. But also consider the age gap. Plus, Sachin noe has Navi. Eventually he's going to leave behind RJ.
@@VS-hs1pb there is a difference between a investors net worth and founders net worth. rj can sell all his shres in one day it's pure liquid asset while Sachin Bansals net worth is stick to his company wich has no real time profit its just speculation.i guess you have no knowledge of finance and rjs net worth is more than half a dozen billion .
@@rishabhgang they can't be listed on indian stock market... Because basic criteria for listing of sebi is profitability of last 3 years... So dont worry... They will be trap in their own net..
So someone asked if Flipkart can be a threat to Times Of India? The host found this to be the best question and forwarded it to Sachin for getting it answered. Sachin was like OMG what a stupid question and what am I supposed to answer. And RJ even asked HOW? The host really screwed this whole event. No proper planning, no buffer time to allow extending the event in case something interesting happens.
Seeing if after 5yrs...how true is Mr. Rakesh's statement for Mr.Biyani..."Don't forget God can take it away any day". Now there is almost NO EXISTENCE of Biyani empire in Off line retail business for which he was called Shahenshah.
@@MELODIOUSMasala775 yup, he is a quite guy. A legend of sorts not a single store he had opened has seen closure. Biyani in covid times was worst hit retailer even before a lot of his Big Bazar outlets have seen closure.
Rakesh sir is looking with a short term vision. Yes online companies arnt profitable and maybe soon they might even get bankrupt but the fact is that the online influence is increasing day by day. Ola uber has made us so comfortable that now we almost relay on them. Now we even have companies like rapido and vogo.
Comfortable provide kra diya usne teko fir kya jab woh rate badayege unki services ka ya jab woh bolege abhi profitable business krna hai tab comfort chala jaayega Rakesh sir ka point tha ki profitable pricing pe bhi toh comfort dila sakte ho na Aur jab non profitable pricing pe comfort dila diya hai toh jindagi bar non profitable hi rehna padega comfort dilane ke liye
The host was not ready to allow RJ to speak, neither allowed the audience to ask questions freely. Couldn't understand what was the purpose of hosting this event.
If the question is about being retail being offline or online why the richest man in the world Jeff Bezos & His company Amazon is he off-line or is he online? Online has some inconvenience off-line also had some inconvenience I respect Rakesh Jhunjhunwala and Kishore Biyani but this panel was totally biased
1 best example i want to share (my real life incident) I wanted to buy a good laptop for my software works during this lockdown...i searched some good laptops and picked one...i checked its price on Amazon it was 95,000 rs...i told my father I want to buy..but buying an electronic product online, as a buyer i thought is a bit risky...that product might have any fault...and i can't trust him blindly...cause I can't deal the seller face to face and the only option was just referring reviews...so finally next day i went to offline market and I bought that same laptop for 1,15,000 rs yes !!!!
Lol, sachin be like: " I wish these uncles had a glimpse of computer science and how deliveries become more efficient with more users - network effect"😂😂
Well they were right tough it's 2022 7 years after the release of this video yet where is the profits of Flipkart every quarter it's showing more and more loss just wiping out investors money no real profit neither a real time growth soon in this decade only it will shut down too .and that too trying to compete with Amazon
Ppl here on cmnt section hv zero business sense. Rakesh made money by speculation not by creating value for us customers. All that was done by Flipkart. Understand these differences
Sekh Azizul Flipkart is also controlled by big investors, Alibaba group, Walmart. Rakesh Jhunjhunwala made many big companies by investing on them. All Indian startup are funded by this big investors. If making money through speculation is so easy, everyone become Billionaire.
What the heck, he has majority shares in Lupin a major Pharmaceutical API maker, has shares in Titan and is still holding it, has sizeable shares in STAR insurance and now going to launch his own airlines.
He just know how to make money in stock market... Nothing more than that. He has no mercy with retail investor.. .. as the past big bull had..👍 look at his every interview ... he will advise nothing.... Few times he says I never told my wife that what I am going to do.... Then guess what he will advise you..😀 I feel his step in aviation will tell him...👍
36:26 at the end of the day sachin is the richest guy amognst them ! Can literally buyout these guys :P ! (Well not really but yeah ! , atleast spencers he can buy out.).
Mere Bacche, pehle thoda research kar le phir bolna Rakesh Jhunjhunwala - 4.6 billion USD Kishore Biyani - 1.78 billion USD Sachin Bansal - 1.2 billion USD Rakesh Jhunjhunwala and Kishore Biyani can buy Sachin Bansal as their personal servant and still be filthy rich
@@SuperRedux What he is talking about is valuation. Just because you are valued at 1 Billion dollar doesn't make your worth a billion dollar. Also flipkart is not even publicly traded, IPO is yet to happen. Whatever flipkart is valued at is due to the Softbank Investment and now Wallmart.
I can go on listening to Mr. Rakesh Without Pausing Him For Hours
BEST LINE BY SIR RAKESH JHUNJHUNWALA “DON’T FORGET GOD CAN TAKE IT WAY ANY DAY”
Bajuwale ka le liya na
Biyani ka le liya
Rakesh before leaving home : Aaj toh Bansal ki leke rahunga.
th-cam.com/video/CDaQEiFboi8/w-d-xo.html
Rakesh Jhunjhunwala was universally loved because he was also so Earthy and Humble.
He said, "Don't forget that God has given it to you and that God can take it away".
Not everyone on the then stage can be (or is) there today.
🕉🕉🕉
Hahaha....i m pretty sure this conversation was the first time ever Sachin Bansal had doubts about his business model n within two years he sold his share in 😆Flipkart
Lol, he is clearly thinking " I wish these uncles had a glimpse of computer science and how deliveries become more efficient with more users"😂😂
@@VS-hs1pb and they wish he knows that business runs on profits unlike his venture wich even to this date after close to a decade yet still no profit as rj said in 19:48 when will they show profits .
I think this will (eventually) age like a fine wine.
Moral of the story is whether you are online or offline ... Big companies are always there to acquire you 😎😎
😂😂😂
Lots of bullying on online newbie's, can visibly see sachin was quite humble to hear from business legends. That shows Bansal maturity in the online industry.
This also shows how the established attack the newbies instead of empowering. India is still a poor minded country at the core.
That grind should be necessary in order to grow because world is not a fair place to be in. You have to be ready for the battle.
Sachin will never come alone
Gr8 Recommendation by TH-cam
Anyone in 2020 ?
Really i enjoy.. thanks to the RAI to provide the opportunity to hear these real star's opinion..
Great rakesh jhunjhunwala.....
4:13
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Love the video! Hahahahaha Rakesh Sir is so funny...big fan
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Online retailing is all about: 1. mass customer acquisition (buying behavioral change) and 2. operational excellence (ability to sell cheaper) to reduce the cost of doing business. Sachin Bansal you are a true gentleman here. When lot of people are questioning you, you are going to get something big.
We are discussing so much about customers, service, technology, cost of business, ROI, etc.
How many retailers are really taking care of customers? When you go to physical stores, the sales staff is not even aware about product, price or in many cases not even available on floor in many cases.
We should first address the core / key concern of serving the customers who are coming to our stores.
I support Mr Jhunjhunwala's view.
ok
4:00 Rakesh Jhunjhunwala v/s Sachin Bansal
Mr junjunwala nailed it you cannot argue or underestimate the big bull
LOL, Walmart, Tata Ambani trying to enter online. Biyani out. Jhunjhunwala nailed what? Sachin Bansal net worth = 4 * RJ 😂
@@VS-hs1pb not really. SB's networth is 2 BUSD at the most. RJ is ~5-6 BUSD. I don't think your point was correct even at the time you posted.
@@sagarsaxena6318 in July 2020 RJ was at around 2B. And Bansal had 1B.
So only the figure was wrong. But also consider the age gap.
Plus, Sachin noe has Navi. Eventually he's going to leave behind RJ.
Flipkart list karao stock market me
Dudh ka dudh Pani ka Pani ho jayega
Paytm ki tarah
@@VS-hs1pb there is a difference between a investors net worth and founders net worth. rj can sell all his shres in one day it's pure liquid asset while Sachin Bansals net worth is stick to his company wich has no real time profit its just speculation.i guess you have no knowledge of finance and rjs net worth is more than half a dozen billion .
Anchor(2016): Will we have wires 5 years from now ?
Youth(2020): JCB videos trending over TH-cam.
😂
😂😂😂😂
Roles reversed... Arrogance can destroy you!... Corona was death of Retail brick and motor
Hahaha Biyani talkin'about buying out online... had to sell to Mota bhai 😂😂
Life is just to love and to be Loved 💓💓 Love alone can Conquer the World.
And the question of when the profitability is gonna come was never answered😂
Sanket Patil will come to investors by listing it in public, doing offer for sale to MF and we will buy MF😂😂😂
Chor ko pucho ki chori kyu kar raha hai???
@@rishabhgang they can't be listed on indian stock market... Because basic criteria for listing of sebi is profitability of last 3 years... So dont worry... They will be trap in their own net..
And who won....Future Retail bought by AMAZON!
And Walmart bought Flipkart!
back to equal
Flipkart won..because their concept got recognition
Sachin Bansal be like : mai madaarchod hu jo yeha aya 😂😂😂
Actually this video gave him a victory to remember 😝. He is richest among them all.
@@VS-hs1pb in terms of liquid money ?
@@kashyap263 Yes
Nope Sachin got around $1 billion usd while when Rakesh Jhunjhunwala died he had $5.8 billion USD
Jhunjhunwala is right..Biyani ki barbadi best example h..jabtak dhandha fayda n de sell ka koi matlb nhi..
I watch it again and again ........really enjoy
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But online will rock withinn two years ..... Now a days shopping is a fashion ...not only needs ......
42:49 yeah nehru place I have seen such companies ! Really big bussinesses in small places ! And thet've their own brands.
Now future grp got sold and flipkart is the numberone ecommerce 🤣..all jokes done by future grp owner
Mr jhunjhunwala ne leli sabki.
Flipkart still in loss
So someone asked if Flipkart can be a threat to Times Of India?
The host found this to be the best question and forwarded it to Sachin for getting it answered.
Sachin was like OMG what a stupid question and what am I supposed to answer.
And RJ even asked HOW?
The host really screwed this whole event. No proper planning, no buffer time to allow extending the event in case something interesting happens.
Flipkart to bika but big bazar bhi bikne ke kagar pe hai kiranawala is still OP
They are so inspiring...loved the video!
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Kishor is a poor man today...!!
😂😂😂😂
Rakesh Junjhunwala ne Bansal ki full on le li.... and Bansal doesn’t have a single answer. Biyani and Rakesh are real businessmen.
Sachin bansal is giving respect
Biyani ka baja baj gaya hai 😂. He wanted to buy out both online and offline 😂... Now sold to mota bhai
Biyani k gand me bamboo lag gaye na mota bhai ne puri maar li.. 😂😂😂
Sachin sounds like nana patekar , anyone else?
Good session ;
Seeing if after 5yrs...how true is Mr. Rakesh's statement for Mr.Biyani..."Don't forget God can take it away any day". Now there is almost NO EXISTENCE of Biyani empire in Off line retail business for which he was called Shahenshah.
Ha bhai kuch bhi ho sakta hai iss world me.
And now Ambani's are buying big bazaar
bhaskar bhatt is titan MD , rakesg's bigest holding and they sell online everywhere.
Most of their sales from offline even today and it might go up in future which is debatable
26:30 BUT CORONA HAD DIFFERENT PLANS
I saw a clip at the end of then , ReCon something gen-Z consumers , can I become a part of that panel? How? Can someone from RAI please reply.
Missing R.K. Damani
Me too
He is busy building his retail...
He hates to be celebrity
@@MELODIOUSMasala775 yup, he is a quite guy. A legend of sorts not a single store he had opened has seen closure. Biyani in covid times was worst hit retailer even before a lot of his Big Bazar outlets have seen closure.
Jabardust discussion specialy Zunzunwala. Thats the fact.
Discussion kaha hai? Wo akela hi to bol rha hai😂
Plz ask some questions from the crowd.we are not going to answer. 😁
Amazing discussion
Thank you so much!
Very very very true words - by Mr. Rakesh Jhun Jhun wala..
Rakesh sir is looking with a short term vision. Yes online companies arnt profitable and maybe soon they might even get bankrupt but the fact is that the online influence is increasing day by day. Ola uber has made us so comfortable that now we almost relay on them. Now we even have companies like rapido and vogo.
Comfortable provide kra diya usne teko fir kya jab woh rate badayege unki services ka ya jab woh bolege abhi profitable business krna hai tab comfort chala jaayega
Rakesh sir ka point tha ki profitable pricing pe bhi toh comfort dila sakte ho na
Aur jab non profitable pricing pe comfort dila diya hai toh jindagi bar non profitable hi rehna padega comfort dilane ke liye
The host was not ready to allow RJ to speak, neither allowed the audience to ask questions freely. Couldn't understand what was the purpose of hosting this event.
thank you
Retail has changed now in India . Only few big players. No fun
oh he's Latif Nathani , eBay India MD.
At 20:00 RJ is very blunt on how to do biz.
I LOVE MY BEAUTIFUL INDIA AND ALL INDIANS OF SOVEREIGN, SOCIALIST, SECULAR, DEMOCRATIC AND REPUBLIC OF INDIA.
Too good loved it
Thank you so much! We’re really delighted to have been able to get this video to you.
@@TheRAIvideos The pleasure is all mine.
@@EntertainingVideoGames stay tuned for more amazing content.
Jhunjhunwala have no idea about new age biz. He must learn about Amazon.
No sir .... Please listen once again what he said and try to relate
Jhunjhunwala is in the business of making money. Plus he is uncle. He wouldn't have understood until Bezod became the richest 😂
Bezos was monopoly. He said that when he started his business he wanted to create monopoly for online retail. And now Amazon has retail shops 😂
come 2020 biyani sold future group
If the question is about being retail being offline or online why the richest man in the world Jeff Bezos & His company Amazon is he off-line or is he online?
Online has some inconvenience off-line also had some inconvenience I respect Rakesh Jhunjhunwala and Kishore Biyani but this panel was totally biased
Rakesh Sir = Reality
Great video! Worth more than a billion dollars
Sitting in 2021 I am sure Rakesh Jhunjhunwala has been proved wrong
Awesome show or the event you can call it. Good insights. However, I am not a fan of the anchor..
And look today who had the last laugh ??
38:50 true.
1 best example i want to share (my real life incident)
I wanted to buy a good laptop for my software works during this lockdown...i searched some good laptops and picked one...i checked its price on Amazon it was 95,000 rs...i told my father I want to buy..but buying an electronic product online, as a buyer i thought is a bit risky...that product might have any fault...and i can't trust him blindly...cause I can't deal the seller face to face and the only option was just referring reviews...so finally next day i went to offline market and I bought that same laptop for 1,15,000 rs yes !!!!
😂
And lost 20k
And we are here today..can't say about Bansal but Flipkart is winning.
Who is compering kishor's speech ( 12:50 ) in 2020 😂😂 can you relate this to the future group ?? 😂😂
😂😂
Bhai he is a intelligent businessman he creates brands and then sells them
@@ayushraina1102 bhai woh pehle nai batata yeh sab.... Investors apne paise loss karta he iski company me..
LIFE IS A WONDERFUL OPPORTUNITY AND AN AMAZING JOURNEY.IT MUST BE APPRECIATED AND CELEBRATED HAPPILlY HOPEFULLY AND ABUNDANTLY
Who's buying out who now ? 😂
I also have a great knowledge expierence but i m 25 aur mujh par loan hai 300000 ka
, most Indian entrepreneurs fear losing business.
This Was before jio
Currently it would be different Debate
It’s still same
Sachin's net worth is more. he won the debate
580 crores USD (2021) is of rakesh while sachine has 110 crore as per fobes
God has seriously took all the money of kishore biyani away ..
Lovely!
Thank you so much!
GREETINGS AND REGARDS FROM RAVINDER TALWAR JALANDHAR CITY PUNJAB INDIA
26:40 love this guy's hypothesis sometimes ! Sometimes hes just insane and shit but yeah he is awesome !
Rakesh J don't want to listen anything positive about internet business.
Lol, sachin be like: " I wish these uncles had a glimpse of computer science and how deliveries become more efficient with more users - network effect"😂😂
Well they were right tough it's 2022 7 years after the release of this video yet where is the profits of Flipkart every quarter it's showing more and more loss just wiping out investors money no real profit neither a real time growth soon in this decade only it will shut down too .and that too trying to compete with Amazon
31:21 he's like in dono me se one will go bankrupt but I'll stay !.
😂😂 and the irony he is out
Ppl here on cmnt section hv zero business sense. Rakesh made money by speculation not by creating value for us customers. All that was done by Flipkart.
Understand these differences
Sekh Azizul Flipkart is also controlled by big investors, Alibaba group, Walmart. Rakesh Jhunjhunwala made many big companies by investing on them. All Indian startup are funded by this big investors. If making money through speculation is so easy, everyone become
Billionaire.
Look at titan
What the heck, he has majority shares in Lupin a major Pharmaceutical API maker, has shares in Titan and is still holding it, has sizeable shares in STAR insurance and now going to launch his own airlines.
1;22 Don't forget he can take it away ;r8
Now future retail market cap is 2800cr nd
He(God) is taking 🙄
This is exactly what happened to Flipkart, Walmart bought Flipkart. 26:30
Also future group is bought by reliance..!
Not really. The online ones in the US is Amazon. It's just a foreign company with a lot of cash accumulated from 100 years of business.
5:00
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ALMIGHTY GOD WILL DEFINITELY SET EVERYTHING IN ORDER AT THE EARLIEST PLEASE.
Switching from Art and humanities to finance and economics on TH-cam is really a fun !
20:39 thats for profitable bussiness not valuation based ones !.
Rakesh seems to be like he's sitting among his 2 Am Gujrati homies ....& Almost forgot he's on a panel discussion
He just know how to make money in stock market... Nothing more than that.
He has no mercy with retail investor.. .. as the past big bull had..👍
look at his every interview ...
he will advise nothing....
Few times he says I never told my wife that what I am going to do.... Then guess what he will advise you..😀
I feel his step in aviation will tell him...👍
13:11 love it ! True !
lol Biyani ko hi biyani ka bol raha lol
Biyani ka le liya wapas Bhagwan ne...
Lol 🤣
25:17 spencers tried and backedoff from that !
Mr biyani seemed over confident and i know it all attitude. Things however Turned v different by 2022
"Abhi thok dega. Maalum nahi hai. Tune bola bol do usne bol diya. Kamaal hai"
RJ is hilarious.
Time stamp
Kishor Biyani in 2022 is in a very bad situation
36:26 at the end of the day sachin is the richest guy amognst them ! Can literally buyout these guys :P ! (Well not really but yeah ! , atleast spencers he can buy out.).
Are you out of your mind? He is the least rich.
Exactly but he is younger to all of them too
Mere Bacche, pehle thoda research kar le phir bolna
Rakesh Jhunjhunwala - 4.6 billion USD
Kishore Biyani - 1.78 billion USD
Sachin Bansal - 1.2 billion USD
Rakesh Jhunjhunwala and Kishore Biyani can buy Sachin Bansal as their personal servant and still be filthy rich
@@SuperRedux What he is talking about is valuation. Just because you are valued at 1 Billion dollar doesn't make your worth a billion dollar. Also flipkart is not even publicly traded, IPO is yet to happen. Whatever flipkart is valued at is due to the Softbank Investment and now Wallmart.
Biyani ki hawa to hawa nikal gayi bhaiya.....Ambani ne leli aur yahan pe ye dusron ki lene chala tha....