BigBasket cofounder Hari Menon exits as Tata orders retreat from 76 to 40 cities
New CEO Amit Nanda takes over as Tata Digital pivots BigBasket toward profitability, slashing its footprint amid FY25 net losses of ₹2,006.8 Cr (+42%) and revenue down 2% to ₹9,866.7 Cr. The retreat cedes ground to quick-commerce leaders Blinkit (46.5% share) and Zepto.
BigBasket cofounder Hari Menon exits after 15 years; new CEO Amit Nanda directed by Tata Digital to cut footprint from 76 to ~40 cities, prioritizing profitability amid widening losses and fierce quick-commerce competition from Blinkit and Zepto.