Quick Take
- BigBasket co-founder Hari Menon steps down as CEO after leading the company since 2011.
- Amazon veteran Amit Nanda, with 11 years at Amazon India, takes charge as new CEO.
- Nanda inherits a Rs 2,006.8 Cr FY25 loss and a target of profitability within 12 to 15 months.
In This Article
BigBasket CEO Hari Menon has stepped down after building and leading the Tata-owned online grocery platform since 2011. Amazon veteran Amit Nanda is the new chief executive officer (CEO).
The Tata Digital-backed company confirmed the change on June 16, 2026. Menon and co-founder Vipul Parekh will stay on the board and mentor the new leadership team. Nanda joins from Amazon India, where he spent 11 years and most recently served as Director of Selling Partner Services, the role that oversaw India’s third-party seller marketplace. You can read the company’s announcement via bigbasket’s official statement coverage.
StartupFeed Insight
This is not a routine handover. BigBasket’s losses jumped 42% to Rs 2,006.8 Cr in FY25 while revenue slipped 2%, so the board wants an operator, not a visionary. Nanda’s deep seller-side and private-label experience at Amazon signals where the next bet lies: margin, not speed. Founders and quick commerce investors should watch the next two quarters closely. StartupFeed predicts BigBasket will narrow its B2C losses by December 2026 by cutting dark-store burn and pushing higher-margin private labels, even if topline growth stays flat. By StartupFeed Desk.
BigBasket CEO Hari Menon Leadership Change
The BigBasket CEO Hari Menon transition marks the end of a 14-year founder-led era at India’s first major online grocer. Menon led the company from its 2011 launch through its 2021 majority sale to Tata Digital, according to the company announcement.
| Detail | Information | Notes |
|---|---|---|
| Outgoing CEO | Hari Menon (co-founder) | Stays on board as mentor |
| Incoming CEO | Amit Nanda | Former Amazon India director |
| Announcement Date | June 16, 2026 | Confirmed by company statement |
| Parent Company | Tata Digital | Holds 84.23% stake |
| FY25 Net Loss | Rs 2,006.8 Cr | Up 42% YoY (RoC filings) |
| FY25 Revenue | Rs 9,866.7 Cr | Down 2% YoY (RoC filings) |
The most telling number is the loss. Parent firm Supermarket Grocery Supplies posted a Rs 2,006.8 Cr net loss in FY25, up from Rs 1,415.2 Cr a year earlier, according to RoC filings.
About BigBasket
BigBasket is an Indian online grocery and quick commerce platform, founded in 2011 by Hari Menon, V. S. Sudhakar, Vipul Parekh, Abhinay Choudhari, and V. S. Ramesh. Headquartered in Bengaluru, it sells groceries and household goods through slotted and quick delivery, with private labels like Fresho and BB Royal driving close to 30% of FY25 sales. Tata Digital is its majority owner.
Who Is Amit Nanda?
Amit Nanda is a 25-year consumer and e-commerce executive who now leads BigBasket as CEO. He spent 11 years at Amazon India across marketplace, product, technology, and private brands, according to the company announcement.
“I am incredibly excited to join BigBasket and build upon the phenomenal trust it has established with millions of consumers across India,” Amit Nanda said.
Before Amazon, Nanda held leadership roles at Hindustan Unilever and Citibank. He is a mechanical engineering graduate from Delhi College of Engineering and holds an MBA from the Indian Institute of Management (IIM) Ahmedabad. His private-label background fits BigBasket’s plan to lean on in-house brands for margin.
What Does This Mean for BigBasket?
The BigBasket CEO Hari Menon exit hands a costly turnaround to an outside operator. Menon has said the company is no longer chasing market share at any cost and is targeting profitability within the next 12 to 15 months.
“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,” Hari Menon said.
BigBasket was slower than rivals to adopt 10-minute delivery, which weighed on costs. The switch to quick commerce pushed B2C losses 47% higher to Rs 1,851 Cr in FY25, per Tata Sons disclosures. Nanda’s job is to prove instant grocery can pay.
How Does BigBasket Compare to Rivals?
BigBasket competes directly with Blinkit, Zepto, and Swiggy Instamart in India’s quick commerce sector. While rivals scaled fast on speed, BigBasket leaned on private labels for retention, holding over 50% customer stickiness in slotted delivery, according to Tata Sons’ annual report.
| Company | Model | Edge |
|---|---|---|
| BigBasket | Slotted + quick | Private labels, Tata backing |
| Blinkit | 10-minute | Dark-store scale |
| Zepto | 10-minute | Speed and density |
What sets BigBasket apart is its deep private-label catalogue and Tata Group ownership, a financial cushion most rivals lack.
What’s Next
All eyes are on Nanda’s first 100 days and the FY26 numbers due later in 2026. He is expected to tighten dark-store economics, expand higher-margin private labels, and push the 10-minute food pilot with Starbucks and Qmin beyond Bengaluru. The real test is whether losses shrink without growth stalling. Can an Amazon operator finally make Indian quick commerce profitable?
Frequently Asked Questions
Last updated: June 17, 2026 at 11:30 IST
Written by Avinash. Published: June 17, 2026. Updated: June 17, 2026. Have a tip? Write to us at editorial@startupfeed.in.
