 "Hari Menon Cofounder & CEO, BigBasket")
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BigBasket cofounder and Chief Executive Officer (CEO) Hari Menon on Tuesday dismissed reports suggesting that the company’s founders were discussing succession plans with the board and considering the appointment of a new chief executive.
Menon told Business Standard there was no plan to hire a CEO for BigBasket and no search had been initiated.
Tata Digital's stake in BigBasket
Tata Digital, a wholly owned subsidiary of Tata Sons, acquired a 64.3 per cent stake in BigBasket’s B2B unit, Supermarket Grocery Supplies, in 2021 through primary and secondary deals. The company’s last reported valuation was $3.2 billion, following a $200 million fundraise from Tata Digital three years ago. Menon co-founded BigBasket in 2011 along with Vipul Parekh, VS Sudhakar, Abhinay Choudhari, and VS Ramesh as a scheduled-delivery business. Choudhari is the only founding member to have exited after the Tata acquisition.
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BigBasket aims to raise fresh capital
The leadership change is also aimed at reassuring prospective investors, who have sought greater clarity and assertiveness as BigBasket plans to raise fresh capital. Despite being an early entrant in online grocery, the company’s cautious approach to rapid-delivery models allowed competitors to gain ground. Tata Sons had engaged Citi and Moelis to assist in raising external funding for BigBasket as well as the online pharmacy 1mg.
Tata Digital appoints new CEO
The development coincides with the appointment of Sajith Sivanandan, a former Google and JioHotstar executive, as Tata Digital’s chief executive officer from September 1, marking the third leadership change at the Tata Group’s digital arm in less than two years.
Sivanandan’s appointment comes as Tata Digital seeks to sharpen its strategy after several high-level departures. Founding CEO Pratik Pal, who launched Tata Neu, stepped down in February 2024, followed by Naveen Tahilyani, who resigned in May 2025 after just 15 months to join Prudential Plc in an international role.
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