TBO Tek is a B2B travel tech startup that announced the allocation of its employee stock option plans  with more than 2.44 lakh stock options. These newly allocated employee stock option plan shares are  worth around Rs 44.96 crore. The firm specializes in providing travel solutions to tour operators and  traveling agents. The platform uses cutting-edge technologies to allow a seamless experience for users while booking hotel and flight tickets. 

The exchange filing mentioned that the board approved granting 2,44,500 stock options to those under  the TBO employee stock option plan 2021. Following this announcement, the trading session for the  startup increased by 1.9 percent and opened at Rs 1,839 per share on the BSE. This travel tech startup  now has joined Nykaa, IdeaForge, Paytm, Zomato, and others to have an expanded employee stock  option plan for this year. On May 15^th, the company debuted on the public market with a listing at Rs  1,426 on NSE. This marked a 55 percent premium over the issue price of Rs 920. However, the stock  debuted at Rs 1,380 with a 50 percent premium on the BSE.  

TBO Tek provides an online platform with various travel solutions for travel agents. The B2B company  also provides white-label solutions. The startup claims to be the leading global travel platform that  simplifies the travel business for suppliers and buyers. The platform offers services including airlines,  car rentals, transfers, cruises, and more. The platform connects 1 million suppliers to 159,000 buyers across over 100 countries. The startup works with brands including Indigo, Pullman, Hilton, Roibos,  and RateGain among others. The startup plans to strengthen its position in the travel industry and  expand its network. The company showed a strong financial performance in FY24. 

The startup reported a 64 percent increase in its profit after tax to Rs 46.4 crore for the fourth quarter of this year. The operating revenue also increased by 31 percent YoY to Rs 369 crore in the same  duration. The company offers transactions in local currencies making the cross-border complex travel  processes smooth and efficient. The co-founder of TBO Tek, Ankush Nijhawan mentioned that the  travel market is expected to grow at a CAGR of 11.1 percent and cross the 19.6 billion USD mark by  2027. 

Conclusion: 

TBO Tek announced the allocation of its employee stock option Plan by issuing 2.44 lakh stock options  to its employees. These newly allocated stock options are worth around Rs 44.96 crore. The travel startup offers traveling solutions to travel agents and white-label solutions for hotel and flight  bookings. The company filing mentioned that the board approved the allocation of 2,44,500 stock  options under its TBO employee stock option scheme 2021. The trading session for the company opened with Rs 1,839 per share on the BSE. This year was profitable for the startup, Profit after tax  saw a 64 percent increase to Rs 46.4 crore in the fourth quarter of 2024. While the operating revenue  saw 31 percent YoY and stood out at Rs 369 crore.