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People · Commerce & Consumer Brands

BigBasket appoints new board member and CFO

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BigBasket logo
Date
Company
BigBasket
What it does
Online grocery and quick commerce platform
Kind
People
Sector
Commerce & Consumer Brands

What they do

BigBasket is an online grocery and quick commerce platform operating across over 400 cities

What happened

It appointed Deepika Khattar Bhan to its board and Manish Bajoria as CFO, replacing Aarthi Subramanian

Why it matters

The company processes nearly 8 million orders monthly and plans to go public within 18–24 months

The details

  • BigBasket appointed Deepika Khattar Bhan to its board, replacing Aarthi Subramanian.
  • Deepika Khattar Bhan is president of packaged foods at Tata Consumer Products with over 20 years of experience.
  • Aarthi Subramanian, executive director and COO at TCS, stepped down to focus on her TCS responsibilities.
  • BigBasket also appointed Manish Bajoria as its new CFO.
  • Manish Bajoria has over 20 years of experience in strategic finance and digital transformation.
  • He previously served as CFO at Vini Cosmetics and held senior finance roles at Amazon and Hindustan Unilever.
  • The company processes nearly 8 million orders per month across over 400 cities.
  • BigBasket plans to go public within 18–24 months and aims to double its business year-on-year by March 2026.

The bigger picture

  • Quick commerce contributes around 80% of BigBasket's revenue.
  • India's quick commerce market is projected to grow from $5 billion in FY25 to $30 billion by FY30.
  • BigBasket plans to launch a nationwide 10-minute food delivery service by end-March 2026.
  • It plans to expand its dark store network from ~700 to 1,000–1,200 outlets by end of 2025.

About the business

  • BigBasket is an online grocery and quick commerce platform operating in over 400 Indian cities.
  • It processes nearly 8 million orders per month.
  • Quick commerce contributes around 80% of its revenue.
  • The company plans to expand into electronics, pharmaceuticals, and fashion.

What happens next

  • BigBasket plans to go public within 18–24 months.
  • It aims to double business year-on-year by March 2026.
  • It plans to expand presence from 35 to about 70 Indian cities by March 2026.
  • It plans to launch a nationwide 10-minute food delivery service by end-March 2026.
  • It is venturing into electronics, pharmaceuticals, and fashion.

Founders

  • Hari Menon, co-founder and CEO
  • Vipul Parekh, co-founder

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