Alibaba vs BigBasket: Founders, CEOs and History
Alibaba was founded in 1999 by Jack Ma (Ma Yun), Joe Tsai (Tsai Chung-hsin) and is led by Eddie Wu. BigBasket was founded in 2011 by Hari Menon, V.S. Sudhakar, Vipul Parekh and is led by Amit Nanda.
Company facts
Founders
Alibaba
Jack Ma (Ma Yun)
Jack Ma (born Ma Yun on September 10, 1964) founded Alibaba in 1999, embarking on a journey that would reshape the modern Chinese economy.
Joe Tsai (Tsai Chung-hsin)
Joe Tsai served as Alibaba's Executive Vice Chairman from 2013 until 2023 and became Non-Executive Chairman following the retirement of Jack Ma. In September 2023 he was elevated to Chairman of the Board.
BigBasket
Hari Menon
Hari Menon co-founded Fabmart.com in 1999 and its physical extension Fabmall, a south Indian grocery chain that became part of Aditya Birla Retail's More.
V.S. Sudhakar
V.S. Sudhakar co-founded BigBasket's parent, Supermarket Grocery Supplies, in Bengaluru in December 2011 with Hari Menon, Vipul Parekh, V.S. Ramesh and Abhinay Choudhari.
Vipul Parekh
Vipul Parekh co-founded BigBasket in 2011 and ran its finance and marketing, often acting as its public voice on private labels, which he said made up more than a third of revenue in early 2023.
Abhinay Choudhari
Abhinay Choudhari co-founded BigBasket in December 2011 with Hari Menon, V.S. Sudhakar, Vipul Parekh and V.S. Ramesh.
V.S. Ramesh
V.S. Ramesh co-founded BigBasket in 2011 and oversaw its logistics and supply chain, the warehouse and delivery network that let it hold its own stock instead of picking orders from local shops.
CEOs and their tenures
Alibaba
- Jack Ma1999–2013
Founder and Chief Executive Officer
He stepped down as chief executive in May 2013 and remained executive chairman until 2019.
Source - Jonathan Lu2013–2015
Chief Executive Officer
The $25 billion offering was the largest IPO to that date. Daniel Zhang succeeded him in May 2015.
Source - Daniel Zhang (Zhang Yong)2015–2023
Former CEO and Chairman, Alibaba Group
Daniel Zhang served as Alibaba's CEO from 2015 to 2023, overseeing the company's growth from a primarily domestic e-commerce platform into a diversified technology conglomerate with global ambitions.
Source - Eddie Wu (Wu Yongming)2023–present
Chief Executive Officer, Alibaba Group
Eddie Wu was appointed CEO of Alibaba Group in September 2023, succeeding Daniel Zhang who had led the company since 2015.
Source
BigBasket
- Hari Menon2011–2026
Co-Founder and Chief Executive Officer
Built BigBasket into India's largest online grocer by 2016 and ran it for almost 15 years.
Source - Amit Nanda2026–present
Chief Executive Officer
The first chief executive from outside the founding team. He joined from Amazon India, where he was director of selling partner services, with more than two decades across e-commerce, consumer goods and technology.
Source
Timeline: Alibaba and BigBasket side by side
1999Alibaba
Alibaba.com Launched
Jack Ma and 17 co-founders launch Alibaba.com from a Hangzhou apartment with $60,000 in pooled savings, creating a B2B online marketplace connecting Chinese manufacturers with international buyers.
1999Alibaba
First Major Investment from SoftBank
Masayoshi Son invests $20 million in Alibaba in a meeting reportedly lasting five minutes, alongside $5 million from Goldman Sachs, providing survival capital through the imminent dot-com crash.
1999BigBasket
Founders start Fabmart.com
K. Vaitheeswaran, Hari Menon, V.S. Sudhakar, Vipul Parekh, V.S. Ramesh and others launched Fabmart.com, one of India's first online stores, selling books, toys and groceries.
2001Alibaba
Gold Supplier Program Launch
Alibaba launches the Gold Supplier verified membership program at $3,000 per year, generating approximately $10 million in first-year revenue and proving the B2B marketplace model's commercial viability.
2003Alibaba
Taobao Launches to Challenge eBay
Alibaba secretly develops and launches Taobao, a consumer-to-consumer marketplace offered free to both buyers and sellers, directly targeting eBay's Chinese market position. Within three years, Taobao surpasses eBay's Chinese market share.
2004Alibaba
Alipay Escrow Service Created
Alibaba creates Alipay as a payment escrow solution for Taobao transactions, holding buyer funds until delivery confirmation before releasing payment to sellers solving the trust barrier that was limiting online commerce adoption.
2008Alibaba
Tmall (Taobao Mall) Launch
Alibaba launches a premium B2C marketplace initially called Taobao Mall (later rebranded Tmall), allowing established brands to operate official storefronts with higher trust credentials and enabling Alibaba to serve the premium consumer segment.
2009Alibaba
Alibaba Cloud Founded
Alibaba launches Alibaba Cloud (Aliyun) as a cloud computing business, a decade ahead of many enterprise adoption cycles, positioning it to become Asia Pacific's dominant cloud provider.
2011Alibaba
First Singles' Day Shopping Festival
Alibaba transforms the informal 'Singles' Day' celebration on November 11 into a promotional shopping event on Taobao and Tmall, generating ~$130 million (936 million yuan) in sales a figure that would grow more than 100-fold in subsequent years.
2011BigBasket
BigBasket founded in Bengaluru
Menon, Sudhakar, Parekh, Ramesh and Abhinay Choudhari set up Supermarket Grocery Supplies in Indiranagar, Bengaluru, in December 2011, with $10 million of initial funding from Ascent Capital.
2014Alibaba
Record-Breaking NYSE IPO
Alibaba completes its initial public offering on the New York Stock Exchange on September 19, 2014, raising $25 billion the largest IPO in US stock market history at that time at a valuation of approximately $168 billion.
2015BigBasket
Delyver acquired
BigBasket bought hyperlocal delivery company Delyver in a cash-and-stock deal to build its last-mile delivery network.
2016BigBasket
India's largest online grocer
By mid-2016 BigBasket operated in eight large Indian cities and had become the country's biggest online grocer.
2018BigBasket
Alibaba leads $300 million round
Alibaba Group led a $300 million round in February 2018 that valued BigBasket at about $950 million. It then sold around 18,000 items to eight million customers in 25 cities.
2018BigBasket
BBdaily and BB Instant launched through acquisitions
In October 2018 BigBasket bought milk delivery startups RainCan and Morning Cart outright and a controlling stake in vending machine startup Kwik24, creating its BBdaily subscription service and BB Instant vending machines.
2019Alibaba
Dual Listing on Hong Kong Stock Exchange
Alibaba completes a secondary listing on the Hong Kong Stock Exchange, raising an additional $13 billion and broadening its investor base among Asian institutional and retail investors, reducing dependence on US capital markets.
2019BigBasket
Unicorn valuation
A $150 million round led by Mirae Asset-Naver Asia Growth Fund, CDC Group and Alibaba took BigBasket's valuation past $1 billion in May 2019.
2020BigBasket
Data breach of about 20 million users
Cyble reported in November 2020 that details of about 2 crore BigBasket users were on sale on the dark web. The company acknowledged the potential breach and filed a police complaint with the Bengaluru cyber crime cell.
2021Alibaba
Record Antitrust Fine
Chinese regulators impose a 18.23 billion yuan ($2.8 billion USD) antitrust fine on Alibaba following a months-long investigation into its 'choose one from two' exclusivity practices at the time, the largest antitrust fine in Chinese regulatory history.
2021BigBasket
Tata Digital takes majority control
Tata Digital bought a 64.3 percent stake in May 2021, adding about $200 million of fresh capital and buying out Alibaba and Actis in a deal reported at about $1.1 billion (₹9,500 crore).
2021BigBasket
BB Now and the first fresho store
In November 2021 BigBasket launched BB Now, its quick delivery service, and opened its first physical store in Bengaluru under the fresho brand for fruit and vegetables.
2022BigBasket
$200 million at a $3.2 billion valuation
BigBasket raised $200 million from investors including Tata Digital at a $3.2 billion valuation, announced in December 2022, and said it was eyeing a stock market listing by 2025.
2023Alibaba
Six-Business-Unit Restructuring Announced
Alibaba announces its most significant organizational restructuring, dividing the company into six independent business units each with its own CEO and board: Taobao Tmall Group, Cloud Intelligence Group, Alibaba International Digital Commerce Group, Cainiao S…
2024BigBasket
Full switch to quick commerce
In August 2024 BigBasket dropped scheduled next-day slots and moved its whole business to 10-to-30-minute delivery, folding BBdaily into the main app.
2025BigBasket
10-minute food delivery pilot
BigBasket began 10-minute food delivery in Bengaluru in June 2025 with Tata Starbucks and Qmin, the food platform of Indian Hotels Company. Tata Sons also hired Citi and Moelis that year to look for outside investors.
2026BigBasket
Amit Nanda becomes CEO
Amazon veteran Amit Nanda replaced co-founder Hari Menon as chief executive on 16 June 2026. Menon and Vipul Parekh moved to board and mentoring roles; BigBasket then ran more than 850 dark stores.
2026BigBasket
Focus narrowed to about 40 cities; FY2026 loss reported
In July 2026 BigBasket cut its focus to about 40 profitable cities from 76 markets. Tata Sons' annual report showed the consumer arm's loss up 66 percent to ~$356 million (₹3,073 crore) on ~$954 million (₹8,223 crore) of revenue.
2026BigBasket
Hari Menon retires from full-time role
Co-founder Hari Menon's last day in full-time employment was 30 September 2026. He remains on the board and mentors the leadership team.
Acquisitions
Alibaba
- Sun Art Retail Group (Auchan Retail China)2020$3.6B
- Ele.me2018$9.5B
- Trendyol (stake investment)2018$750M
- Lazada2016$1B
- Youku Tudou2016$3.7B
- AutoNavi Holdings Limited2014Undisclosed
BigBasket
- RainCan and Morning Cart2018Undisclosed
- Kwik24 (Savis Retail), controlling stake2018Undisclosed
- Delyver2015Undisclosed
Questions about Alibaba vs BigBasket
Who is the CEO of Alibaba Group Holding Limited and BigBasket?
Alibaba Group Holding Limited is led by Eddie Wu and BigBasket is led by Amit Nanda. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was Alibaba Group Holding Limited founded vs BigBasket?
Alibaba Group Holding Limited was founded in 1999 — 12 years before BigBasket, which was founded in 2011. Alibaba Group Holding Limited's longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger BigBasket.
How many employees does Alibaba Group Holding Limited have compared to BigBasket?
Alibaba Group Holding Limited employs approximately 131,462 people, while BigBasket employs approximately 58,000. Alibaba Group Holding Limited has the larger workforce at 131,462 employees, compared to BigBasket's 58,000. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are Alibaba Group Holding Limited and BigBasket headquartered?
Alibaba Group Holding Limited is headquartered in China and BigBasket is headquartered in India. Their different home markets mean they may face different regulatory frameworks, tax regimes, and currency exposure.
Who founded Alibaba Group Holding Limited and BigBasket?
Alibaba Group Holding Limited was founded by Jack Ma (Ma Yun), Joe Tsai (Tsai Chung-hsin). BigBasket was founded by Hari Menon, V.S. Sudhakar, Vipul Parekh, Abhinay Choudhari, V.S. Ramesh.
Which company has a longer operating history — Alibaba Group Holding Limited or BigBasket?
Alibaba Group Holding Limited has been operating for approximately 27 years, making it the more established of the two companies. BigBasket has been in operation for around 15 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Alibaba vs BigBasket overview