India: Why Future Group founder Kishore Biyani is scared of start-ups

Have start-ups in India become too sexy? Yes, in the opinion of Kishore Biyani, the 56-year-old founder and group chief executive of retail giant Future Group. Biyani, speaking on Wednesday at The Economist India Summit in New Delhi, also said he thinks, according to multiple media reports, that 90% of the country’s start-ups are not going anywhere. “They are hopeless,” he says, according to a PTI report.