Swiggy's Lock-In Expiry to Release INR 3,300 Crore Worth Shares

Swiggy's Lock-In Expiry to Release INR 3,300 Crore Worth Shares

By Manu Vardhan Kannan

Published on February 1, 2025

Swiggy, one of India’s top food delivery platforms, is set to experience a major stock market development as its lock-in period for pre-IPO shares comes to an end. Over the next month, 7.8 crore shares, valued at INR 3,345 crore based on current market prices, will become eligible for trading. This phased unlocking could stir market interest and impact stock liquidity.

The unlocking process will take place in multiple stages. The first batch of 29 lakh shares will be available for trade on January 29, followed by smaller releases of 3 lakh shares on January 31 and 1 lakh shares on February 19. However, the most significant tranche - 6.52 crore shares, accounting for nearly 3 per cent of Swiggy’s total outstanding shares will be unlocked on February 10. The final batch of 96 lakh shares will become tradable on February 24.

The valuation of these shares is based on Swiggy’s latest closing price of INR 428.30 on the BSE. While such a large release of shares could create supply pressure, analysts at Nuvama suggest that the impact might be moderated as a significant portion is held by promoters and institutional investors who may not offload them immediately.

Meanwhile, Swiggy has announced that its board will convene on February 5, 2025, to review and approve its unaudited financial results for the quarter and nine months ending December 31, 2024. This will be the company’s second earnings report since going public.

In its July-September 2024 quarter, Swiggy reported a net loss of INR 625 crore, an improvement from INR 657 crore in the same period last year. However, revenue surged 30 per cent year-on-year, reaching INR 3,601 crore from INR 2,763 crore in Q2 FY24.

Since its IPO in 2024, Swiggy has remained a dominant force in India’s fast-evolving food-tech sector, competing against Zomato and emerging quick-commerce players. With its lock-in expiry approaching, investors are closely watching market reactions and liquidity shifts. Over the past month, Swiggy’s stock has dropped over 21 per cent, including a nearly 3 per cent decline in the last week alone.


Jumpin Heights Unveils Valley Rope Jump

Jumpin Heights Unveils Valley Rope Jump

By Hariharan U

Published on April 20, 2026

India’s adventure tourism landscape is taking a sharper, more ambitious turn as Jumpin Heights introduces what it calls the country’s only Valley Rope Jump. Launched in the scenic expanse of Rishikesh’s Mohanchatti valley, the experience signals a new phase in high-adrenaline, globally benchmarked activities within India.

Set against the Himalayan backdrop, the Valley Rope Jump is designed to push the limits of conventional adventure formats. Participants experience an intense freefall, nearly double that of a traditional bungy jump—before transitioning into a high-velocity swing across the valley. The combination of vertical drop and sweeping motion creates a layered thrill, enhanced by expansive panoramic views.

Safety and engineering remain central to the experience. Participants are secured with international-standard seat and chest harness systems, connected to specially designed wire ropes, before stepping off a cliff-edge platform. The setup is supported by multiple fail-safe mechanisms and is operated by certified experts, aligning with global safety benchmarks.

The offering introduces flexible formats to broaden its appeal. A tandem “Fearless Duo” option allows two participants to jump together, while solo jumpers can earn the “Valley Victor” recognition, adding a gamified dimension to the experience. This layered approach reflects a shift in adventure tourism, from single-activity thrills to more immersive and personalised formats.

The launch builds on Jumpin Heights’ legacy of innovation, including its widely discussed Cut Cord Bungy, which helped generate strong consumer interest and digital traction. With the Valley Rope Jump, the brand continues to position itself at the forefront of India’s extreme adventure ecosystem, bringing formats typically seen in international markets closer to home.

Commenting on the development, Managing Director Niharika Nigam said, “We have been extremely selective about introducing new experiences. It took us over a decade to conceptualise something that could truly raise the bar. The Valley Rope Jump is not just another activity—it is designed to be one of the most extreme and technically advanced adventure experiences in India, aligning with global standards while showcasing the natural beauty of Rishikesh.”

Located approximately 45 minutes from Lakshman Jhula, the Mohanchatti site combines accessibility with a dramatic natural setting. The valley’s terrain and acoustics further amplify the sensory experience, making it a compelling draw for both domestic and international thrill-seekers.

As experiential travel continues to gain momentum, offerings like the Valley Rope Jump highlight a clear shift, towards curated, high-impact experiences that go beyond traditional sightseeing. For Jumpin Heights, the focus remains on pushing boundaries while ensuring that safety, precision, and innovation stay at the core of every jump.


Connplex Cinemas Launches Luxuriance Experience at Tribeca Highstreet Pune

Connplex Cinemas Launches Luxuriance Experience at Tribeca Highstreet Pune

By Manu Vardhan Kannan

Published on April 19, 2026

Connplex Cinemas has launched its premium Luxuriance format at CINEBAR, Level 1, Tribeca Highstreet, NIBM, Pune, bringing a new cinema experience to the city. The move reflects the brand’s focus on offering high-end, comfort-led movie viewing for today’s urban audience.

Located in one of Pune’s fast-growing lifestyle hubs, the new multiplex is designed to cater to audiences looking for a more refined entertainment experience. Connplex Cinemas currently operates over 300 screens across 35+ locations, with formats like Express, Signature, and Luxuriance tailored for different audience preferences.

The Pune property features four premium screens with a total seating capacity of 225 seats, spread across 7,778 sq. ft. The design focuses on creating a more intimate and comfortable setting, combining modern aesthetics with a boutique-style experience.

Each screen is equipped with plush recliner seating, offering added comfort and privacy. Advanced projection systems ensure clear and vibrant visuals, while high-quality audio technology creates an immersive sound experience. The offering is further enhanced with a curated food and beverage menu and personalised service, turning a regular movie outing into a more premium experience.

The location also adds to the overall appeal. Tribeca Highstreet hosts a mix of dining and social spaces, including The Murphies, The Urban Foundry, and Hippie@Heart, allowing visitors to combine movies with food and leisure activities.

Kalpesh Mehta, Founder, Tribeca Developers, said, “As high-street developments evolve into lifestyle-driven ecosystems, experiences like Connplex Luxuriance play a pivotal role in shaping how people engage with retail and entertainment. At Tribeca Highstreet, our vision has always been to curate destinations that blend design, community, and premium experiences, and this launch is a strong step in that direction.”

Speaking on the launch, Anish Patel & Rahul Dhyani, Founders & Directors, Connplex Cinemas, said, “Pune, the future of cinema arrives with us. Connplex Cinemas is here to set a bold new benchmark in experience, innovation, and design because this city deserves nothing less than extraordinary.”

With this launch, Connplex Luxuriance aims to position itself as one of Pune’s premium cinema destinations, while also strengthening Tribeca Highstreet’s identity as a vibrant hub for shopping, dining, and entertainment.

Spread across 3.66 lakh sq. ft. with over 90+ brands, Tribeca Highstreet continues to attract a steady footfall, making it one of the city’s key lifestyle destinations. The addition of Connplex Luxuriance further enhances its appeal, offering visitors a complete mix of retail, food, and entertainment in one place.


The Adyar House Brings Boutique Homestays with a Chennai Touch

The Adyar House Brings Boutique Homestays with a Chennai Touch

By Manu Vardhan Kannan

Published on April 18, 2026

Chennai’s hospitality space is seeing a fresh and personal addition with The Adyar House, a boutique homestay concept started by a father-son duo, Satish and Anirudh Rao. Located in Adyar and Nandanam, the two properties reflect a simple idea, creating a stay that feels rooted in Chennai’s culture while offering the comfort of a modern space.

The journey began a year ago with their first property in Padmanabha Nagar, Adyar. What was once their family home of ten years was turned into a boutique homestay, built around warmth and familiarity. While neither Satish nor Anirudh comes from a traditional hospitality background, their shared interest in creating meaningful guest experiences shaped the idea. Satish, an ex-salesman turned entrepreneur, and Anirudh, an Ashoka University graduate and former consultant who is now a restauranteur, have brought their own perspective into the space.

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Adding to the Adyar property is TERU, Anirudh’s restaurant on the ground floor. The outlet focuses on South Indian street food, offering regional favourites such as Salem’s Thattu Vada Set, Andhra’s Punugulu, and Mangalore’s Banana Buns, making the property a destination not just for stay but also for food.

Following the response to their first space, the duo recently opened their second property on Chamiers Road, Nandanam. This seven-room homestay carries a strong Chennai theme, with each room named after a well-known beach in the city. The design reflects this idea through small but thoughtful details, including shoreline photographs, surfer-inspired elements in the Kovalam room, and the Shore Temple featured in the Mamallapuram room. Even the keycards carry illustrated beach designs, adding a playful touch.

The property is designed to be both comfortable and easy to navigate. Guests can choose between assisted check-in or a self-check-in option with keycards placed in lockboxes and access details shared in advance. Accessibility has also been considered, with features such as a ramp at the entrance, lift access, and clear guides for services like WiFi and check-in.

Each room comes with basic comforts including air-conditioning, a television, kettle, and refreshments. Guests also have access to shared facilities like a kitchenette, washing machines, and dryers, making it suitable for both short and slightly longer stays.

What stands out is the effort to offer an authentic Chennai experience. Guests receive personalised welcome cards with recommendations on places to visit and things to do around the city, reflecting the hosts’ connection to Chennai and their intent to share it with visitors.

With properties in Adyar and Nandanam, The Adyar House offers a stay that balances familiarity with thoughtful design, making it a comfortable option for both travellers and locals looking to experience the city in a different way. For more information visit their website: www.theadyarhouse.com   

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