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.


Sussanne Khan Unveils ‘The Charcoal Project’ in Hyderabad

Sussanne Khan Unveils ‘The Charcoal Project’ in Hyderabad

By Manu Vardhan Kannan

Published on February 21, 2025

Celebrity designer Sussanne Khan has unveiled ‘The Charcoal Project’ (TCP) in Hyderabad, expanding her vision of luxury interior design. Since its inception in 2011, TCP has been at the forefront of curated home aesthetics, blending craftsmanship with storytelling. As the brand marks its 14th anniversary, Khan’s latest venture brings a unique design experience to Hyderabad, redefining the city's interiors landscape.

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This milestone project also features a creative collaboration with Gauri Khan Designs, adding an extra layer of elegance to the space. Sussanne and Gauri, both renowned figures in the design world, share a deep admiration for each other’s work. Their partnership brings a dedicated floor within TCP’s six-storey gallery, showcasing Gauri Khan’s signature aesthetics and celebrating a fusion of two pioneering design philosophies.

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imageSharing glimpses of the new store on Instagram, Sussanne expressed her excitement, referring to TCP Hyderabad as her “new baby.” She wrote, “Just a little sneak peek into our ‘World of Charcoal’. Looking forward to opening our doors to all of you on 27th February 2025.”

The Charcoal Project, Hyderabad, promises to be a game-changer in home furnishings, offering a meticulously curated retail experience. Partnering with Electronics Mart India Ltd (EMIL), this venture is set to become a landmark for design enthusiasts in the city.


Top 5 Arcade Gaming Zones to Visit for an Unforgettable Hangout with Friends

Top 5 Arcade Gaming Zones to Visit for an Unforgettable Hangout with Friends

By Nishang Narayan

Published on February 19, 2025

Looking for the perfect place to challenge your friends, enjoy high-tech games, and make lasting memories? Whether you love VR gaming, bowling, racing simulators, or classic arcade fun, these top gaming zones have it all.

1. BLAAST - The Ultimate Entertainment Destination

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Blaast is a paradise for gaming enthusiasts, featuring a VR Free-Roam Area, cricket & golf simulators, arcade battles, pool tables, trampoline zones, and more. For thrill-seekers, the tallest rope course and high-tech gaming battles make for an intense challenge. With exciting attractions, Blaast guarantees non-stop fun.

Location: 2nd Floor, Entertainment Land Mall, Sector 83, Near Khirki Dhaula, Gurugram
Timings: 11 AM – 10 PM

2. SMAAASH, Dwarka – The Ultimate Fun Destination

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SMAAASH is a perfect blend of virtual reality, bowling, racing simulators, and classic arcade games. Compete in Twilight Bowling, Air Hockey, or VR cricket and then unwind at the in-house café with your squad. It’s an ideal spot for a fun-filled day with friends.

Location: Vegas Mall, Dwarka, Delhi
Timings: 11 AM – 11 PM

3. Timezone – Nostalgic & Modern Gaming Fun

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Timezone offers a mix of old-school and modern gaming experiences, from racing simulators and claw machines to VR adventures. With multiple locations across Delhi NCR, it’s a must-visit for an action-packed gaming session with friends.

Locations: Ambience Mall (Gurgaon & Vasant Kunj), Pacific Mall, Noida
Timings: 11 AM – 9:30 PM

4. Mastiii Zone – The Ultimate Play Zone

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Mastiii Zone in Grand Venice Mall, Greater Noida, is a massive gaming hub with over 150 attractions, including bowling, a shooting range, a haunted house, VR games, a trampoline park, and more. It also boasts India’s only indoor zipline (as claimed). Suitable for all age groups, Mastiii Zone offers an adventurous day out.

Location: Grand Venice Mall, Greater Noida
Timings: 11 AM – 10 PM

5. Zoreko – Epic Hangout Destination

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Zoreko is the go-to place for an exciting hangout, featuring bowling, arcade games, VR experiences, dance-off stations, and a variety of delicious food. Known for its proprietary gamification technology, it includes bike racing simulators, motor racing, and go-karting tracks. Perfect for those who love gaming and adventure.

Location: Rajouri Garden, New Delhi
Timings: 11 AM – 11 PM

These gaming zones offer thrilling experiences and exciting activities, making them the perfect destinations for a fun-filled day with friends and family.


Budget 2025: Tourism Sector Optimistic Amid Infrastructure Boost

Budget 2025: Tourism Sector Optimistic Amid Infrastructure Boost

By Manu Vardhan Kannan

Published on February 14, 2025

Budget announcements set the economic direction for the year, shaping sectoral growth through taxation, incentives, and infrastructure investments. For the tourism and hospitality industry, the latest budget offers a strong push for infrastructure modernization, aiming to position India as a top-tier global travel destination.

Industry Insights on the Budget Impact

 Shylender Jindal, Managing Director, SKIL Travel:

"The budget’s focus on developing infrastructure and heritage circuits aligns with India's growing tourism ambitions. The rise of medical tourism, wellness retreats, and experiential travel presents immense opportunities. While the long-term outlook is promising, immediate relief measures like tax benefits and investment incentives would have been welcomed. Nevertheless, we are ready to align our strategies with evolving market conditions."

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 Louis D’souza, Director, Tamarind Global:

"Strengthening infrastructure and regional connectivity is a game-changer for tourism. Enhanced roadways, rail networks, and air routes will make even lesser-known destinations more accessible, unlocking new opportunities for domestic and international travelers. While these are positive steps, additional policy measures, such as GST reforms on hotel tariffs and incentives for sustainable tourism, could further accelerate growth. Still, recognizing tourism as a key economic driver is an encouraging move."

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 Prabhakar Kamat, Business Head, Red Dot Representations:

"The budget’s push for upgrading tourism infrastructure - especially in lesser-explored regions - is a step in the right direction. Making such destinations more accessible encourages travel diversification. However, for the hospitality sector to reach its full potential, policy reforms and financial incentives remain crucial. Sustainable tourism also needs stronger backing for long-term impact. If executed effectively, this budget could transform India's tourism industry."

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While the true impact of the budget unfolds over time, effective planning and adaptability will be key for businesses to leverage these policy shifts for sustained growth.

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