BigBasket cofounders exit daily ops; ex-Amazon's Amit Nanda takes CEO seat as losses widen 42%

Tata installs institutional leadership at BigBasket after FY25 net loss balloons to ₹2,006 Cr and revenue slips 2% to ₹9,866.7 Cr. Cofounders Hari Menon and Vipul Parekh step back as quick commerce rivals Blinkit, Zepto and Instamart squeeze the slot-based grocery pioneer.

— Filed Wed, 17 Jun, 2026, 08:06 IST · Source Inc42 · Updated

BigBasket cofounders Hari Menon and Vipul Parekh exit daily ops; ex-Amazon executive Amit Nanda takes over as CEO amid widening losses and quick commerce pressure from Blinkit, Zepto, Instamart. Tata pushes institutional leadership to revive growth and margins.

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