People · Commerce & Consumer Brands

BigBasket founders step back, Tata seeks CEO

By Startup Enthusiast · 3 April 2026

What they do

BigBasket is an online grocery retailer founded in 2011

Founders Hari Menon and Vipul Parekh are preparing to step back; Tata Group is looking for a professional CEO

The move comes as BigBasket scales quick commerce and its losses widened to about ₹2,000 crore in FY25

BigBasket founders Hari Menon and Vipul Parekh are preparing to step back from day-to-day roles.
The Tata Group is considering appointing a professional CEO to run BigBasket.
Menon and Parekh may sell their stake in BigBasket, but discussions are ongoing and no new CEO has been officially picked.
Hari Menon has said he and Parekh remain fully in the driver's seat and are not selling any stake.
BigBasket has brought on CXOs for finance and marketing, and an executive search firm has been working on a CEO since last year.
Tata Digital CEO Sajith Sivanandan is reshaping the portfolio with job cuts at Tata Neu and tighter capital allocation.
Uncertainty over IPO timelines and liquidity for existing shareholders has slowed fresh funding talks for BigBasket.

BigBasket's losses widened to about ₹2,000 crore in FY25 due to quick commerce scale-up, even as revenue reached about ₹9,900 crore.
The company is a late entrant in quick commerce, competing with Blinkit, Instamart, and Zepto.
The leadership change is part of a broader Tata Digital portfolio review under CEO Sajith Sivanandan.

BigBasket is an online grocery etailer founded in 2011, long anchored in scheduled slotted delivery.
It is a late entrant in quick commerce, competing with Blinkit, Instamart, and Zepto.
BigBasket's FY25 revenue was about ₹9,900 crore; losses widened to about ₹2,000 crore due to quick commerce scale-up.