Overview
- BigBasket announced on June 16 that Amit Nanda, an 11‑year Amazon India veteran, will take over as CEO while co‑founders Hari Menon and Vipul Parekh leave day‑to‑day roles to serve on the board and mentor the team.
- Nanda’s mandate stresses faster quick‑commerce scaling, stronger operational execution, and expansion of BigBasket’s private‑label portfolio to raise margins and customer reach.
- The leadership change follows signs of financial strain at the group’s listed parent, Supermarket Grocery Supplies, which reported a 42% rise in FY25 net loss to ₹2,006.8 crore and a slight drop in operating revenue.
- Tata Digital publicly welcomed the appointment, with CEO Sajith Sivanandan saying Nanda’s marketplace, product and technology experience suits the push to translate brand and Tata backing into sharper performance.
- BigBasket enters this new phase from a position of scale — more than 25 million customers, over 60 cities and roughly 900 dark stores — and the key watch‑items are rapid dark‑store expansion, margin improvement and whether operational changes narrow the gap to fast‑growing rivals.