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What is the story about?
Tata-owned quick commerce platform bigbasket has announced the appointment of former Amazon executive Amit Nanda as its new Chief Executive Officer (CEO).
Nanda succeeds co-founder Hari Menon, who will step down from the top executive role to become a mentor. Both Menon and co-founder Vipul Parekh will continue to serve on the company’s Board and mentor the leadership, bigbasket said in a statement.
Nanda brings over two decades of experience across e-commerce, consumer goods, and consumer banking.
He joins bigbasket from Amazon India, where he served as Director of Selling Partner Services and oversaw the third-party marketplace ecosystem.
“I am incredibly excited to join bigbasket and build upon the phenomenal trust it has established with millions of consumers across India. Combining bigbasket’s customer-first values with the trusted legacy of the Tata Group creates a strong foundation for the future,” Nanda said.
“I have deep admiration for the organisation Hari and the team have built — particularly its powerhouse private labels. I look forward to partnering closely with Hari and the entire leadership team to drive our shared vision and capture the massive growth opportunities before us,” he added.
During his 11-year tenure at Amazon, he also played a key role in scaling the company’s owned brands portfolio.
Previously, he held leadership positions at Hindustan Unilever and Citibank.
In his new role, Nanda will focus on strengthening bigbasket’s position in the highly competitive quick commerce segment and accelerating innovation across its businesses, the company said.
“Having built bigbasket from its inception to its current position as one of India’s most trusted consumer platforms, I am delighted to welcome Amit as CEO. His deep understanding of consumers, strong track record of building and scaling businesses, and extensive experience across e-commerce and consumer sectors make him uniquely positioned to lead bigbasket for its journey ahead,” Menon said.
“As Amit steps into this role, I look forward to being closely involved with him and the leadership team as a mentor and member of the Board. I remain deeply committed to bigbasket’s long-term success and am excited about the opportunities that lie ahead for the business,” he added.
Sajith Sivanandan, CEO and Managing Director of Tata Digital and Chairman of bigbasket, said “I am pleased to welcome Amit to bigbasket and the Tata Digital Group. His experience in leading large-scale businesses and driving product and technology strategy across critical marketplace capabilities combined with his deep understanding of digital commerce and consumer behaviour, makes him an excellent choice to lead bigbasket.”
“bigbasket plays a critical role in Tata Digital’s consumer ecosystem, and I look forward to working closely with Amit as the company continues to strengthen its position, expand its reach, and accelerate its ambitions. Hari and Vipul will continue to mentor the leadership and remain on the Board,” Sivanandan added.
bigbasket currently operates in over 60 cities, including Tier 2 and Tier 3 markets, through a network of more than 900 dark stores. The platform claims a customer base of over 25 million and offers delivery across a range of 30,000 products.
(With inputs from PTI)
Nanda succeeds co-founder Hari Menon, who will step down from the top executive role to become a mentor. Both Menon and co-founder Vipul Parekh will continue to serve on the company’s Board and mentor the leadership, bigbasket said in a statement.
Nanda brings over two decades of experience across e-commerce, consumer goods, and consumer banking.
He joins bigbasket from Amazon India, where he served as Director of Selling Partner Services and oversaw the third-party marketplace ecosystem.
“I am incredibly excited to join bigbasket and build upon the phenomenal trust it has established with millions of consumers across India. Combining bigbasket’s customer-first values with the trusted legacy of the Tata Group creates a strong foundation for the future,” Nanda said.
“I have deep admiration for the organisation Hari and the team have built — particularly its powerhouse private labels. I look forward to partnering closely with Hari and the entire leadership team to drive our shared vision and capture the massive growth opportunities before us,” he added.
During his 11-year tenure at Amazon, he also played a key role in scaling the company’s owned brands portfolio.
Previously, he held leadership positions at Hindustan Unilever and Citibank.
In his new role, Nanda will focus on strengthening bigbasket’s position in the highly competitive quick commerce segment and accelerating innovation across its businesses, the company said.
“Having built bigbasket from its inception to its current position as one of India’s most trusted consumer platforms, I am delighted to welcome Amit as CEO. His deep understanding of consumers, strong track record of building and scaling businesses, and extensive experience across e-commerce and consumer sectors make him uniquely positioned to lead bigbasket for its journey ahead,” Menon said.
“As Amit steps into this role, I look forward to being closely involved with him and the leadership team as a mentor and member of the Board. I remain deeply committed to bigbasket’s long-term success and am excited about the opportunities that lie ahead for the business,” he added.
Sajith Sivanandan, CEO and Managing Director of Tata Digital and Chairman of bigbasket, said “I am pleased to welcome Amit to bigbasket and the Tata Digital Group. His experience in leading large-scale businesses and driving product and technology strategy across critical marketplace capabilities combined with his deep understanding of digital commerce and consumer behaviour, makes him an excellent choice to lead bigbasket.”
“bigbasket plays a critical role in Tata Digital’s consumer ecosystem, and I look forward to working closely with Amit as the company continues to strengthen its position, expand its reach, and accelerate its ambitions. Hari and Vipul will continue to mentor the leadership and remain on the Board,” Sivanandan added.
bigbasket currently operates in over 60 cities, including Tier 2 and Tier 3 markets, through a network of more than 900 dark stores. The platform claims a customer base of over 25 million and offers delivery across a range of 30,000 products.
(With inputs from PTI)
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