Time Out Market Delhi Franchise Agreement Signed

Time Out Group plc

08 June 2026

 

8 June 2026

Time Out Group plc

("Time Out", the "Company" or the "Group")

Time Out Market Delhi Franchise Agreement Signed

Time Out Group plc (AIM: TMO), the global media and hospitality business, is pleased to announce that it has entered into a binding franchise agreement with Quint Digital Limited ("Quint"), India's leading media-tech company, for the development and operation of Time Out Market Delhi.

The agreement marks the first franchise agreement for a Time Out Market globally and follows the three-year exclusive option granted to The Quint in May 2025 to explore Time Out Market opportunities in India.

Under the franchise agreement, The Quint will develop, fund and operate Time Out Market Delhi in accordance with Time Out's globally recognised Market concept and operating standards. The Group will generate revenue through contractual franchise fees and ongoing payments, while not contributing capital towards the development of the Market.

Time Out Market Delhi will be located at 5 Worldmark, Aerocity, the new phase of the Worldmark development and is currently anticipated to open in the second half of 2026. The Market is expected to comprise approximately 24,500 sq ft, featuring 11 food and drink concepts alongside cultural programming and events that showcase the best of Delhi.

Time Out Market is the world's first editorially curated food and cultural market, bringing the best of the city together under one roof: a curated mix of the city's best chefs, restaurateurs, drinks concepts and cultural experiences. Time Out's expert editors will work alongside the local team to help ensure the Market reflects the very best of Delhi's food, culture and talent.

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

Chris Ohlund, CEO of Time Out Group plc, said: "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. We are delighted to be taking this next step with The Quint, a trusted partner that shares our vision for bringing the very best of Delhi's food, culture and talent together under one roof."

The existing Market portfolio and expected opening schedule based on calendar year is as follows:

Open Markets		Markets under development - opening in 2026 and beyond
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) ●     Budapest (MA) ●     Boston (L) ●     Vancouver (MA)	●     Delhi (F) - expected to open in 2026 ●     Abu Dhabi (MA) - expected to open in 2026 ●     Prague (MA) ●     Riyadh (MA)

For further information, please contact: Time Out Group plc Chris Ohlund, CEO Matt Pritchard, CFO Steven Tredget, Investor Relations Director Tel: [phone] Panmure Liberum (Nominated Adviser and Broker) Andrew Godber / Edward Thomas Tel: [phone] FTI Consulting LLP Edward Bridges / Ben Fletcher Tel: [phone]

Notes to editors

About Time Out Group

Time Out Group is a global brand that inspires and enables people to experience the best of the city. Time Out launched in London in 1968 to help people discover the best of the city - today it is the only global brand dedicated to city life. Expert journalists curate and create content about the best things to Do, See and Eat across over 350 cities in over 50 countries and across a unique multi-platform model spanning both digital and physical channels. Time Out Market is the world's first editorially curated food and cultural market, bringing a city's best chefs, restaurateurs and unique cultural experiences together under one roof. The portfolio includes open Markets in 13 cities such as Lisbon, New York and Budapest, several new locations with expected opening dates in 2026 and beyond, in addition to a pipeline of further locations in advanced discussions. Time Out Group PLC, listed on AIM, is headquartered in London (UK).

 

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