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.
What happened
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
Key facts
- BigBasket FY25 net loss ₹2,006 Cr (+42% YoY)
- BigBasket FY25 revenue ₹9,866.7 Cr (-2% YoY)
- TruNativ Series B ₹290 Cr ($30 Mn)
- TruNativ FY26 revenue ₹130 Cr (+350% YoY)
- Turtlemint IPO ₹660.7 Cr fresh issue, price band ₹144-152
- SolarSquare Series C ₹510 Cr ($53 Mn)
Why this matters
Tata's institutionalization of BigBasket likely precedes a strategic pivot or consolidation play—watch for dark-store M&A, quick commerce JVs, or asset rationalization within the next 12 months.
Also reported by
- Inc42 · Buzz — Same time