BigBasket's founding CEO Hari Menon steps down, Amazon's Amit Nanda to lead next phase

In a significant shift for the Tata-backed quick-commerce platform BigBasket, co-founder and CEO Hari Menon has announced his departure from the role. While he will not sever ties with the company, Menon, along with fellow co-founder Vipul Parekh, will continue to lend their expertise as members of BigBasket's board of directors. Amit Nanda, who previously served as the Director of Selling Partner Services at Amazon India, has been appointed as the new CEO of BigBasket. Menon expressed his enthusiasm for Nanda's leadership, stating, "Having built BigBasket from its inception to its current position as one of India’s most trusted consumer platforms, I am delighted to welcome Amit as CEO." He praised Nanda's extensive experience in e-commerce and consumer sectors, which he believes positions him well to guide BigBasket into its next chapter. Nanda comes with over 20 years of experience in diverse fields, including e-commerce, consumer goods, and banking. His tenure at Amazon has equipped him with valuable insights into managing and scaling e-commerce operations, making him a suitable choice for BigBasket at a time when competition is heating up with rivals like Blinkit, Zepto, Swiggy, and Instamart. The company has outlined that Nanda's primary focus will be on expansion and innovation in the years ahead. With the competitive landscape becoming increasingly fierce, BigBasket aims to enhance its product offerings, improve services, and adopt new technologies. In a statement, Nanda expressed his excitement about joining BigBasket, highlighting the trust the platform has garnered from millions of consumers across India. He emphasized the strong foundation provided by BigBasket’s customer-centric ethos and the Tata group's legacy, which he believes will facilitate future growth. Nanda looks forward to collaborating closely with Menon and the leadership team to seize the significant opportunities that lie ahead. This leadership transition follows a series of recent executive appointments at BigBasket, including the recent hiring of Seshu Kumar Tirumala as Chief Operating Officer and Arpit Jaiswal as Chief Growth Officer. These changes signify BigBasket's commitment to evolving and scaling its operations in a dynamic market.