Bengaluru: As BigBasket prepares for a leadership transition amid pressure to reduce losses and strengthen its position in quick commerce, outgoing chief executive Hari Menon has acknowledged that the company was slow to embrace the 10-minute delivery model but insists it is now catching up rapidly.

BigBasket's longtime leader Hari Menon has stepped down as CEO. This and more in today's ETtech Top 5.

The leadership transition marks the end of an era for one of India's earliest online grocery pioneers. It comes at a time when India’s online grocery and quick-commerce sector is…