Author: Business Matters Author

B2B travel portal Travel Boutique Online (TBO Tek) has announced a solid financial performance for the September quarter of the financial year 2024-25 (Q2 FY25). The company reported a 7% increase in its consolidated net profit, which rose to INR 60.1 crore from INR 56.1 crore during the same quarter last year. Despite a slight dip in profit compared to the previous quarter, TBO Tek’s performance highlights its continued growth in the highly competitive travel tech industry. Profit Growth Amid Strong Revenue Expansion TBO Tek’s profit growth of 7% year-on-year (YoY) reflects the company’s ability to maintain strong performance even…

**Zetwerk Explores $1 Billion IPO: B2B Marketplace Startup Eyes Public Listing in Mumbai**   Zetwerk, the rapidly growing B2B marketplace that connects manufacturing companies with vendors and suppliers for procuring industrial machine components, is reportedly preparing for an initial public offering (IPO) that could raise up to $1 billion. According to sources familiar with the matter, the Indian startup is currently in discussions with investment bankers, including JP Morgan, to chart a course for its public debut in Mumbai, with plans to list sometime in 2025.   While these discussions are still in the early stages, the potential listing has…

IdeaForge Expands Employee Stock Option Pool with Additional Equity Allotment IdeaForge, a leading drone technology company, has made a strategic move to expand its employee stock option pool by allotting additional equity shares under its Employee Stock Option Scheme (ESOP) 2018. This development comes as part of the company’s ongoing efforts to incentivize and retain talent, while also strengthening its growth trajectory in the rapidly evolving drone and aerospace industry. In a recent filing with the stock exchange, IdeaForge announced that its executive committee had approved the allotment of 2,608 equity shares, each with a face value of INR 10.…