The story
Founded by Kishore Biyani on Dec 20, 2014.1
Big Bazaar was founded in 2001 by Kishore Biyani, the founder and CEO of the parent company, the Future Group.
Acquisition
In 2020, Big Bazaar was acquired by Reliance Retail, the retail division of the Reliance Industries, as part of a ₹24,713 crore ($3.36 billion) sale transaction of Future Group. However, the deal was called off on 23 April 2022 after FRL's creditors voted against going forward with it. Reliance Retail launched its new retail format by the name of Reliance Smart Bazaar, that catered to consumer needs. It offers online and offline services to the customer. Online shopping services can be availed using the JioMart platform.
From Wikipedia’s article on Smart Bazaar, shared under CC BY-SA 4.0.4