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.


Yes Madam Launches Instant Salon and Spa Services, Records 30,000 Bookings in First Month

Yes Madam Launches Instant Salon and Spa Services, Records 30,000 Bookings in First Month

By Hariharan U

Published on July 19, 2026

Yes Madam, India's leading at-home salon and wellness platform, has launched instant salon and spa services, bringing trained beauty and wellness professionals to customers' homes within minutes. The technology-driven initiative aims to redefine convenience in the beauty and wellness sector by offering on-demand services similar to the instant access models adopted across food delivery, mobility, grocery, and home services.

The company has recorded more than 30,000 instant service bookings within the first month of launch, highlighting strong consumer demand for faster and more accessible beauty and wellness experiences.

Currently, instant spa services are available across all cities where Yes Madam operates, while instant salon services have been introduced in select metro cities, with plans for a phased expansion across additional markets. The average fulfilment time for instant services is currently under 30 minutes, with the company continuing to enhance its operational capabilities to further reduce waiting times.

The launch builds on the growing demand for flexible and convenient personal care solutions. Yes Madam identified an opportunity to bring professional salon and wellness services to customers whenever they need them, whether for last-minute events, professional commitments, festive occasions, or personal relaxation.

The instant services model also creates new opportunities for service professionals by enabling them to fulfil more bookings efficiently. The initiative is designed to deliver value for both customers seeking convenience and service partners looking to increase their earning potential.

Yes Madam currently fulfils more than 3.5 lakh monthly bookings across its platform. Popular services including waxing, facials, massages, and grooming treatments continue to see strong demand, with instant fulfilment making these offerings more accessible for customers with busy lifestyles.

To support the new service model, Yes Madam has strengthened its technology platform to match customer requests with nearby professionals based on location, availability, and expertise. The technology-led approach enables faster service delivery while maintaining quality standards and ensuring a smooth experience for both customers and service partners.

Commenting on the launch, Aditya Arya, Co-Founder and CEO, Yes Madam, said, "Yes Madam has consistently been a disruptor in the at-home beauty and wellness industry. We introduced mono-dose kits to improve hygiene and brought greater pricing transparency by separating product and service costs at a time when no one else in the industry was doing so. We are once again redefining the industry by becoming the only at-home beauty and wellness platform offering instant salon and spa services at this scale. We believe convenience is becoming a vital expectation across different services, and beauty and wellness should be no different."

With instant services gaining early traction, Yes Madam continues to strengthen its position in India's evolving at-home beauty and wellness market. The launch reflects the company's focus on technology, operational innovation, and creating seamless customer experiences.


Starbucks Reserve Opens at World St. Worldmark Aerocity, New Delhi

Starbucks Reserve Opens at World St. Worldmark Aerocity, New Delhi

By Hariharan U

Published on July 17, 2026

World St. at Worldmark Aerocity, New Delhi has welcomed Starbucks Reserve, bringing the premium coffee brand’s elevated café experience to one of the capital’s most vibrant lifestyle and dining destinations.

The opening strengthens World St.’s vision of creating a globally inspired urban destination featuring celebrated brands, immersive experiences, and curated food and beverage offerings. Positioned as “The Social Spine of Worldmark,” World St. is designed as a walkable F&B and lifestyle hub within Delhi’s prominent business district, offering guests a blend of dining, leisure, and social experiences.

The launch marks the fourth Starbucks Reserve store in India and the third Starbucks Reserve destination in Delhi NCR, further expanding Starbucks’ premium coffee footprint in the country. Built around Starbucks’ philosophy of creating a welcoming “third place” between home and work, Starbucks Reserve offers guests an enhanced coffeehouse experience focused on connection, discovery, and community.

The café showcases the craftsmanship behind specialty coffee through a selection of rare and premium coffees, signature espresso creations, handcrafted beverages, and curated food offerings. Guests can also enjoy the brand’s bake-in menu, designed to complement the premium beverage experience.

A key highlight of the store is the Black Eagle espresso machine, an advanced brewing system that enables Coffee Masters to achieve greater precision in extraction and preparation. The technology further enhances the artistry and expertise behind every cup served at Starbucks Reserve.

The arrival of Starbucks Reserve adds to World St.’s expanding portfolio of globally recognised dining and lifestyle brands. Spread across approximately half a kilometre through Worldmark 4, 5, and 6, World St. covers nearly 2,60,000 sq. ft. of gross leasable area and has been developed as a pedestrian-friendly destination featuring global cuisine, alfresco dining spaces, green courtyards, art installations, and contemporary street furniture.

Connecting three iconic Worldmark developments, World St. brings together work, leisure, and culture through a diverse mix of cafés, patisseries, restaurants, and bars. The destination has established itself as one of Delhi-NCR’s prominent food and lifestyle destinations, featuring brands such as India’s first Olive Garden, P.F. Chang’s, and Magnolia Bakery.

With the addition of Starbucks Reserve, World St. continues to strengthen its positioning as a destination for premium experiences, attracting visitors seeking international brands, culinary discovery, and vibrant social spaces.

Starbucks Reserve at World St., Worldmark, Delhi will be open to customers from 15 July 2026, operating from 8:00 AM to 12:00 AM.


IHCL's Taj Named India's Strongest Brand for the Fifth Consecutive Year

IHCL's Taj Named India's Strongest Brand for the Fifth Consecutive Year

By Manu Vardhan Kannan

Published on July 16, 2026

Indian Hotels Company (IHCL), India's largest hospitality company, has announced that its iconic brand Taj has once again been recognised as India's Strongest Brand across sectors in the Brand Finance 'India 100 2026' report. The achievement marks the fifth consecutive year that Taj has earned the distinction.

Commenting on the recognition, Mr. Puneet Chhatwal, Managing Director & Chief Executive Officer, IHCL, said:

“Being recognised as India’s Strongest Brand across sectors for the fifth consecutive year is a matter of immense pride. For over 120 years, Taj has remained an enduring symbol of Indian hospitality, staying rooted in its timeless values of warmth, authenticity and excellence. This recognition reflects the deep trust and emotional connection that generations of guests have placed in the brand, as well as the unwavering commitment of our associates who bring the spirit of Tajness to life every day through thoughtful service and genuine care.”

He further added:

“Founded by Jamsetji Tata in 1903, IHCL’s iconic brand Taj has played a pioneering role in shaping India’s tourism landscape. Today, with a portfolio of 150 hotels across 15 countries, it offers a distinctive collection of grand palaces, landmark city hotels, wildlife safaris, beach and hill resorts and service residences. Guided by Paathya, IHCL’s ESG+ framework, the brand’s growth is anchored in responsible business practices that balance environmental stewardship, social impact and cultural preservation. As a custodian of Indian hospitality, Taj remains committed to creating long-term value while enriching destinations, empowering communities and preserving the heritage and traditions that define its legacy.”

According to the Brand Finance 'India 100 2026' report, Taj recorded a 32% increase in brand value, reaching USD 878 million. The brand also retained its AAA+ brand strength rating, supported by a Brand Strength Index (BSI) score of 93.5 out of 100.

The report highlights Taj's strong brand familiarity, customer preference, and deep understanding among Indian consumers. It also notes that the brand's signature hospitality experience, widely recognised as 'Tajness', continues to set it apart, with a significant number of respondents identifying Taj as their preferred hotel brand.

Commenting on the recognition, David Haigh, Chairman, Brand Finance, said:

“Taj Hotels’ position as India’s strongest brand for the fifth consecutive year reflects the strength of its reputation and consistency of its brand performance. Brand Finance’s research shows exceptionally high levels of familiarity, preference, and understanding in its home market, underscoring the value of investing in a distinctive brand experience, maintaining the highest standards of hospitality, and delivering what guests value most. As Taj continues to expand its footprint across India and internationally, preserving these strengths will be key.”

The latest recognition further reinforces Taj's position as one of India's most trusted hospitality brands, reflecting more than a century of excellence, guest trust, and continued growth across domestic and international markets.

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