Time Out Market Delhi Franchise Agreement Signed with Quint Digital, Marking Global First
Time Out Group plc has announced a binding franchise agreement with Quint Digital Limited, India's leading media-tech company. This deal paves the way for the development and operation of Time Out Market Delhi, representing the first global franchise agreement for a Time Out Market concept.The agreement follows a three-year exclusive option granted to The Quint in May 2025 to explore Time Out Market opportunities within India. Under the partnership, Quint Digital will be responsible for developing, funding, and operating Time Out Market Delhi, adhering strictly to Time Out's globally recognized Market concept and operational standards.
The Group’s revenue stream from this venture will be generated through contractual franchise fees and ongoing payments, rather than capital contribution toward the Market's development.
Details of Time Out Market Delhi
Time Out Market Delhi is slated for a location at 5 Worldmark in Aerocity, part of the new phase of the Worldmark development. The Market is anticipated to open in the second half of 2026 and is expected to cover approximately 24,500 sq ft.The venue will host 11 food and drink concepts alongside cultural programming and events designed to showcase the best elements of Delhi. Time Out Market is described as the world's first editorially curated food and cultural market, uniting a selection of top chefs, restaurateurs, drinks concepts, and cultural experiences from the city.
Chris Ohlund, CEO of Time Out Group plc, stated that signing this agreement is a landmark moment for the Time Out Market. He noted that the deal highlights the flexibility and strength of the Time Out Market model and provides an efficient pathway for international expansion through a highly capital-efficient structure. The Group expressed delight in partnering with The Quint to realize its shared vision of bringing Delhi's best food, culture, and talent together.
Global Market Portfolio Overview
The Delhi agreement is part of the Group’s broader strategy to expand the Time Out Market portfolio using capital-light partnership models. The existing global market portfolio includes markets that are currently operational, those under development for 2026, and other projects in advanced discussion.The current state of the worldwide Market portfolio is detailed below:
| Open Markets (Owned & Operated) | Partnerships: Management Agreements (MA) & Licensed (L) | Partnerships: Management Agreements (MA) & Franchise (F) |
|---|---|---|
| Lisbon, New York/Brooklyn, Porto, Barcelona, New York/Union Square | Montreal (MA), Dubai (MA), Cape Town (MA), Bahrain (MA), Osaka (MA) | Delhi (F) - expected to open in 2026, Abu Dhabi (MA) - expected to open in 2026, Prague (MA), Riyadh (MA) |
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QUINT Stock Price Movement
Quint Digital Limited rallied today, concluding the session at ₹41.68 after climbing 5.67%. The stock price moved within a tight daily range, touching lows of ₹38.56 and reaching a peak high of ₹42.46.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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