Quint Digital Limited has submitted a regulatory filing pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, enclosing a press release from Time Out Group plc regarding a franchise agreement for Time Out Market Delhi.

Agreement Details

  • Parties: Time Out Group plc (global media and hospitality business) and Quint Digital Limited (India's leading media-tech company)
  • Background: Follows a three-year exclusive option granted to The Quint in May 2025 to explore Time Out Market opportunities in India
  • Structure: Quint will develop, fund, and operate Time Out Market Delhi in accordance with Time Out's global standards
  • Financial Model: Time Out will generate revenue through contractual franchise fees and ongoing payments without contributing capital toward Market development

Project Specifications

  • Location: 5 Worldmark, Aerocity, the new phase of the Worldmark development
  • Size: Approximately 24,500 square feet
  • Features: 11 food and drink concepts alongside cultural programming and events
  • Opening Timeline: Currently anticipated to open in the second half of 2026

Strategic Context

The Delhi agreement represents a step in Time Out Group's strategy to expand its Market portfolio through capital-light partnership models. The existing portfolio includes 13 open Markets globally with additional locations under development.

Management Commentary

Chris Ohlund, CEO of Time Out Group plc, stated: "This is a landmark moment for Time Out Market as we sign our first franchise agreement globally. The agreement demonstrates the strength and flexibility of the Time Out Market model and creates an additional pathway for international expansion through a highly capital-efficient structure."

Market Portfolio Status (as per provided table)

Open Markets:

  • Owned & Operated: Lisbon, New York (Brooklyn), Porto, Barcelona, New York (Union Square)
  • Partnerships: Montreal (MA), Dubai (MA), Cape Town (MA), Bahrain (MA), Osaka (MA), Budapest (MA), Boston (L), Vancouver (MA)

Markets under development (2026 and beyond):

  • Delhi (F) - expected to open in 2026
  • Abu Dhabi (MA) - expected to open in 2026
  • Prague (MA)
  • Riyadh (MA)