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People · Commerce & Consumer Brands

BigBasket CEO succession rumours denied by company

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

What they do

BigBasket is an online grocery platform that also offers 10-minute delivery through BB Now

What happened

CEO Hari Menon's five-year term post-Tata acquisition is ending, but the company says no succession plan exists

Why it matters

The denial comes as Tata Digital appointed a new CEO and BigBasket faces intense quick commerce competition

The details

  • BigBasket CEO Hari Menon's five-year term after the Tata acquisition is nearing completion.
  • Discussions about succession planning have reportedly started within the company.
  • Hari Menon has denied any succession planning or search for a new CEO.
  • BigBasket issued an official statement saying founders are not bound by exit timelines and their commitment is unwavering.
  • The statement added that no succession plans have been discussed with the board and no new CEO will be appointed.
  • Tata Digital appointed Sajith Sivanandan (ex-Jio Mobile Digital Services) as its CEO effective September 1, 2025.
  • Sajith Sivanandan is the third CEO of Tata Digital since the launch of Tata Neu in 2019.
  • Previous Tata Digital CEO Naveen Tahilyani resigned in May 2025 after 15 months; founding CEO Pratik Pal stepped down in February 2024.

The bigger picture

  • BigBasket was an early mover in online grocery but was slow to adopt rapid delivery, allowing rivals to gain ground.
  • Quick commerce competitors include Blinkit, Swiggy Instamart, and Zepto.
  • Tata Digital is reworking the BigBasket app to become a multi-category platform, not just grocery-first.
  • BigBasket has pivoted to quick commerce with its 10-minute delivery service BB Now.

About the business

  • BigBasket operates two main units: B2C arm Innovative Retail Concepts and B2B arm Supermarket Grocery Supplies.
  • FY25 revenue for Innovative Retail Concepts was Rs 7,673 crore (down 3% year-on-year).
  • FY25 revenue for Supermarket Grocery Supplies was Rs 2,227 crore (down 7% year-on-year).
  • FY25 losses for Innovative Retail Concepts were Rs 1,851 crore, up from Rs 1,267 crore the previous year.
  • BigBasket has 30 million customers and is growing by about 1 million per month.
  • It operates 700 dark stores and plans to increase to 900 by the end of 2025.
  • The company has pivoted to quick commerce with its 10-minute delivery service BB Now.
  • Tata Digital is reworking the BigBasket app to become a multi-category platform.

What happens next

  • BigBasket plans to increase its dark store count to 900 by the end of 2025.
  • Tata Digital is reworking the BigBasket app to become a multi-category platform.

Founders

  • Hari Menon, CEO
  • Vipul Parekh, Finance & Marketing
  • VS Sudhakar, Co-founder
  • Abhinay Choudhari, Co-founder
  • VS Ramesh, Logistics & Supply Chain

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