BigBasket elevates Amit Nanda to CEO as founder Hari Menon steps aside
Tata-owned BigBasket names Amit Nanda CEO, succeeding co-founder Hari Menon, as the grocery platform recalibrates amid intensifying quick-commerce pressure. The transition lands in a week Indian startups raised $432M across 21 deals, with consumer/D2C names like Innovist (L'Oreal), TruNativ and Foodstories drawing capital.
Weekly Indian startup roundup: $432M raised across 21 deals; BigBasket names Amit Nanda CEO succeeding Hari Menon; L'Oreal acquires majority in Innovist; consumer/D2C deals include TruNativ, Foodstories, Vetic; Jio Platforms files DRHP; PhonePe leads UPI.