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.


Airbnb Expands Beyond Home Rentals with Hotels, Cars and Grocery Services

Airbnb Expands Beyond Home Rentals with Hotels, Cars and Grocery Services

By Hariharan U

Published on May 25, 2026

Airbnb is significantly expanding its travel ecosystem by introducing boutique hotels, car rentals, grocery delivery, airport transfers, and luggage storage services through its platform as the company looks to evolve into a comprehensive travel marketplace.

The latest expansion marks a strategic shift for Airbnb as it seeks to capture a larger share of global travel spending currently dominated by online travel platforms such as Booking.com and Expedia.

The move also comes amid tightening regulations on short-term rental platforms across several global markets, prompting Airbnb to diversify its offerings beyond traditional home-sharing services.

Under the updated platform rollout, Airbnb has introduced grocery delivery services in partnership with Instacart across more than 25 cities in the United States. The company has also added airport and train station transfers along with luggage storage services in over 160 cities globally.

In addition, Airbnb confirmed plans to introduce car rental services through its app, although the company has not yet disclosed its operating or fleet partners for the category.

Speaking on the company’s broader vision, Brian Chesky said travel experiences should move beyond convenience and become more meaningful and immersive for consumers.

The expansion reflects Airbnb’s continued evolution nearly 18 years after its launch in San Francisco as a home-sharing startup. Over the years, the platform has increasingly moved towards integrated travel experiences spanning accommodation, experiences, mobility, and lifestyle services.

The company’s diversification strategy also comes at a time when several cities globally are intensifying restrictions on short-term private rentals. Spain recently imposed significant penalties on non-compliant Airbnb listings, while cities including Barcelona, New York, and Paris have strengthened regulatory measures around private vacation rentals.

By broadening its offerings into hotels, transportation, and hyperlocal convenience services, Airbnb is positioning itself as a one-stop travel platform aimed at increasing customer retention, longer engagement cycles, and higher overall travel spending within its ecosystem.

The expansion further signals the growing convergence between hospitality, mobility, and digital commerce platforms as global travel companies increasingly compete to offer end-to-end travel and lifestyle experiences through a single app interface.


The Fern Hotels & Resorts Expands Gujarat Footprint With Three New Signings

The Fern Hotels & Resorts Expands Gujarat Footprint With Three New Signings

By Manu Vardhan Kannan

Published on May 25, 2026

The Fern Hotels & Resorts has announced the signing of three new properties across Gujarat, further strengthening its presence in one of India's key growth markets. The new additions include The Fern Residency Rajkot, KKV Circle, Series by Marriott; The Fern Habitat Vadodara, Series by Marriott; and LPS The Fern Surat, Gaurav Path Road, Series by Marriott.

With these signings, the hospitality group continues to expand across major commercial and developing urban centres while increasing its operational and upcoming portfolio in Gujarat to 40 properties. The expansion also reflects the brand's focus on offering thoughtfully designed hospitality experiences centred around comfort, sustainability and dependable service for both business and leisure travellers.

Sharing his views on the expansion, Suhail Kannampilly, Managing Director, The Fern Hotels & Resorts, said, "Gujarat continues to be an important growth market for us, driven by its strong industrial presence, business opportunities and steadily growing demand for quality hospitality offerings."

"Through these signings in Rajkot, Vadodara and Surat, we aim to further strengthen our footprint across key commercial destinations in the state while offering guests reliable, sustainable and guest-centric hospitality experiences."

Located in one of Gujarat's key business cities, The Fern Residency Rajkot, KKV Circle, Series by Marriott will feature 77 rooms and suites designed for both business and leisure guests. The property will include an all-day dining restaurant, a conference room and banquet facilities for meetings and social gatherings. The hotel is scheduled to open in 2028.

Speaking about the project, Shraddha Shyambhai Raichura, Director – Aan Luxury Private Limited, said, "We are delighted to partner with The Fern Hotels & Resorts for this upcoming property in Rajkot. We look forward to offering guests a comfortable and enriching hospitality experience backed by quality service standards and thoughtfully designed facilities."

Further adding to the brand's Gujarat expansion, The Fern Habitat Vadodara, Series by Marriott will offer 98 rooms and suites along with dining facilities and event spaces including conference and banquet venues. Scheduled to open during the second half of 2026, the hotel is expected to cater to the city's growing hospitality demand.

Commenting on the partnership, Roshan Talekar, Director – Talekar Brother's Private Limited, said, "Our association with The Fern Hotels & Resorts marks an exciting milestone for this upcoming hotel in Vadodara. We are confident the property will offer guests a seamless and comfortable stay experience while catering to the growing demand for quality hospitality in the city."

Meanwhile, LPS The Fern Surat, Gaurav Path Road, Series by Marriott will feature 182 rooms and suites. The property will house an all-day dining restaurant, a terrace bar, conference facilities and banquet spaces aimed at both corporate and social events. Strategically located in Surat, the hotel is expected to meet the city's rising demand for quality hospitality offerings.

Dharmendrabhai Savani, Proprietor, LPS The Fern Surat, Gaurav Path Road, Series by Marriott, said, "We are pleased to collaborate with The Fern Hotels & Resorts for this upcoming property in Surat. Through this partnership, we aim to create a distinguished hospitality experience that brings together comfort, quality service and well-curated facilities, crafted to meet the expectations of today's discerning business and leisure travellers alike."

With these signings, The Fern Hotels & Resorts continues to strengthen its growth journey while expanding its hospitality network across important destinations in India.


IHCL Expands Tree of Life Brand With New Resort Signing in Wayanad

IHCL Expands Tree of Life Brand With New Resort Signing in Wayanad

By Manu Vardhan Kannan

Published on May 23, 2026

Indian Hotels Company (IHCL) has announced the signing of a new Tree of Life resort in Wayanad, Kerala, marking the brand’s debut in the state. The brownfield project reflects the company’s growing focus on expanding its presence in emerging leisure destinations across India.

As travel choices continue to shift towards experience-driven and nature-focused stays, Wayanad has steadily gained popularity among travellers looking for scenic and immersive getaways. Through this new signing, IHCL aims to strengthen its presence in destinations that continue to see rising leisure demand.

Commenting on the development, Suma Venkatesh, Executive Vice President – Real Estate & Development, IHCL, said, "As travel preferences continue to evolve towards more immersive, nature-led stays, Wayanad is emerging as a key destination on India’s leisure map."

"Tree of Life, anchored in authenticity and a deep sense of place, brings its distinctive, experience-led approach to this setting. This signing marks the brand’s debut in Kerala and reflects its focus on expanding in high-potential leisure markets. We are pleased to partner with Mr. Saeed Edavankandy for this project."

Spread across more than four acres, the upcoming 55-key Tree of Life Wayanad overlooks the scenic Banasura Lake and offers expansive views of the surrounding landscape. The resort will feature an all-day dining restaurant and bar along with wellness and recreational facilities including a swimming pool and spa.

Sharing his views on the partnership, Saeed Edavankandy, Chairman, Geeone Exports Pvt. Ltd. and Managing Director, Geeone International LLC, said, "We are delighted to partner with IHCL to bring the Tree of Life brand to Wayanad. We are confident the resort will enhance Wayanad’s positioning as a preferred getaway."

Located in the Western Ghats, Wayanad is known for its lush landscapes and rich biodiversity. The destination attracts travellers with popular attractions such as Banasura Dam, Pookode Lake and the Wayanad Wildlife Sanctuary.

With the addition of this signing, IHCL’s portfolio in Kerala will grow to 23 hotels, including five properties currently under development.

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