BigBasket CEO Hari Menon exits as Tata Digital resets quick-commerce play
Co-founder Hari Menon is stepping down as Tata Digital recalibrates strategy amid mounting losses. BigBasket's expensive pivot to 10-minute delivery against Blinkit, Instamart and Zepto has squeezed margins, forcing a leadership shake-up and broader rethink at Tata Neu, 1mg and Croma.
BigBasket co-founder and CEO Hari Menon is exiting as Tata Digital recalibrates its consumer-internet strategy amid mounting losses. BigBasket's costly pivot to 10-minute delivery against Blinkit, Instamart and Zepto has pressured margins, triggering leadership churn and a strategic reset.
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