BANGALORE, June 16 - Indian online grocery retailer
Bigbasket on Tuesday appointed Amit Nanda as its CEO, replacing
co-founder Hari Menon, who will continue to serve on the board.
Here are some details:
* Nanda will join the Tata-backed grocery giant after more
than 11 years at Amazon India, where he held several leadership
roles.
* Bigbasket said Nanda will lead its next phase of growth,
including strengthening its position in quick commerce.
* Earlier this month, the company appointed insider Seshu
Kumar Tirumala as its Chief Operating Officer.
* The move comes as India's fast-growing quick-commerce
sector has become an $11.5 billion market within five years,
with players such as Swiggy's Instamart, Eternal's
Blinkit, Amazon's ( AMZN ) Now, Walmart ( WMT )-backed
Flipkart's Minutes, Reliance's JioMart and Zepto.
* Last year, Bigbasket said it planned to roll out its
10-minute food delivery services nationwide by the end of fiscal
2026.