Retail Future Group’s diversification into too many sectors was a mistake, says Kishore Biyani Updated : February 26, 2019 07:43 PM IST He also admitted that the retail major missed the opportunity in the online space. He was critical in his assessment of e-commerce valuations and said nobody understands the economics and the more losses one makes the more valuations they get. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.