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- Bigbasket Ceo Hari Menon Resigns Amazon Amit Nanda Takes Charge Quick Commerce Race Tata Group Shuffle
New Delhi1 hour ago
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Hari Menon, co-founder of Tata-owned online grocery platform BigBasket, has resigned from the post of Chief Executive Officer (CEO). The company made its official announcement on June 16.
Amit Nanda, who has spent more than 11 years in e-commerce sector giant Amazon, will now take over the responsibility as the new CEO of BigBasket.
Co-founder Hari Menon will remain on the board
Despite this major leadership change in BigBasket, the company’s co-founders Hari Menon and Vipul Parekh are not leaving the company completely.
Both of them will remain on the board of the company. Along with this, he will also continue to mentor the new leadership and leadership team.
Changes in the race for quick commerce
This change in the top leadership of BigBasket has happened at a time when the race for quick commerce has become very intense in the Indian market.
Currently, there is a race between Blinkit, Swiggy’s Instamart, Zepto, Flipkart Minutes and Amazon Now to capture the market.
Why is Amit Nanda’s arrival from Amazon special?
- Amit Nanda was on the post of ‘Director of Selling Partner Services’ in Amazon. His leaving Amazon and coming to BigBasket has come at a very important time.
- Amazon itself is currently preparing to challenge quick-commerce companies. Industry insiders are seeing ‘Amazon Now’ as a very aggressive contender to make a place in the top tier of this market.
- However, in this era of quick commerce, this step of Amazon is also being understood as an attempt to remain relevant, because now the difference between quick commerce and e-commerce is almost disappearing.
Amit Nanda, who has spent more than 11 years at Amazon, will now take over as the new CEO of BigBasket. (file photo)
Hari Menon and head of Tata Digital welcomed
Along with the announcement of his resignation, Hari Menon said that after building BigBasket from its inception to one of the most trusted consumer platforms in the country today, he is delighted to welcome Amit Nanda as CEO. Amit’s deep understanding of consumers, excellent track record of business growth and extensive experience in the e-commerce sector will help take the company forward.
Tata Digital CEO and MD and BigBasket Chairman Sajit Shivanandan also welcomed Amit. He said that Amit’s experience in leading large-scale businesses and driving product and technology strategy makes him an excellent choice for this position.
New CEO Amit Nanda said – will look for big opportunities for growth
Expressing his excitement on joining BigBasket, Amit Nanda said that BigBasket’s customer-first values and Tata Group’s heritage together create a strong foundation for the future.
He is a big fan of the private labels created by Hari and his team. He will work closely with the entire leadership team to advance the company’s vision and capture significant growth opportunities.
There was a reshuffle in the management for the last few months.
Over the past few months, BigBasket has been busy strengthening its leadership team and making changes in management positions. Under this, two more big appointments have been made in the company recently…
- Sheshu Kumar Tirumala becomes COO: About two weeks ago, the company had promoted Sheshu Kumar Tirumala to the post of Chief Operating Officer (COO). Sheshu has been associated with BigBasket since 2014 and has previously served as National Head (Buying and Merchandising) and later as Chief Buying and Merchandising Officer. He is now leading the operations.
- Arpit Jaiswal becomes CGO: Earlier in the month of April, the company had appointed Arpit Jaiswal as Chief Growth Officer (CGO). Arpit previously worked as Head of Growth and Group Product Manager at Google Pay. His appointment was to achieve profitable growth amid increasing competition in quick commerce and online grocery.
What is Quick Commerce?
An advanced form of e-commerce where daily use goods, groceries or fruits and vegetables are delivered to customers in a very short time (usually within 10 to 30 minutes).
Currently in India, companies like Blinkit, Zepto and Instamart are working rapidly on this model.
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