IDfy Boosts Compliance, Swiggy And Zomato Eye Alcohol Delivery, TBO Tek Expands ESOPs and more

IDfy boosts compliance with a new suite amid data protection laws, while Federation of Indian Fantasy Sports appoints a new CEO. Swiggy and Zomato eye alcohol delivery in major cities, Yubi Group shakes up leadership, TBO Tek expands ESOPs, and BYJU’S faces insolvency challenges and center closures. Meanwhile, Paytm joins forces with FlixBus for seamless intercity travel bookings.

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What Matters

“Peele Peele, O More Raja”: Swiggy, Zomato Could Soon Start Home Delivery Of Alcohol In Delhi, Other States

Swiggy and Zomato might soon bring home delivery of alcohol to your doorstep in states like Delhi, Karnataka, and Goa. These states are considering pilot projects and gathering feedback from e-commerce platforms and liquor manufacturers.

If all goes well, your favorite drink could be just a tap away.

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“Naye Daur Mein Nayi Kahani”: Fraud Detection Startup IDfy Unveils Suite To Help Enterprises Comply With DPDP Act

IDfy has introduced Privy, a comprehensive suite aimed at helping enterprises adhere to the DPDP Act. This suite includes modules for immediate compliance checks, personal data discovery, and consent management.

With a track record of over 2 million verifications daily and more than 1,500 clients served, IDfy's new offering promises robust support for privacy and data protection needs.

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“Ab Aayega Maza”: Federation of Indian Fantasy Sports Ropes In Former CII Executive As CEO

The Federation of Indian Fantasy Sports has appointed armed forces veteran Neil Christopher Castelino as its new CEO. Castelino brings a wealth of experience in corporate affairs, public policy, and stakeholder engagement.

FIFS, a Section 8 Company under the Indian Companies Act, aims to uphold best practices in the booming online fantasy sports industry.

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“Hum Saath Saath Hai”: Yubi Group Rejigs Top Deck With New Tech, Business And Product Heads

Yubi Group, the fintech unicorn, is shaking things up with fresh leadership appointments across Yubi, Corpository, and Aspero. The new C-suite executives are seasoned insiders, each with over two years at the company.

Alongside this leadership rejig, Yubi has expanded its stock option plan by 22 lakh shares, boosting the total stock pool to an impressive INR 1,000 crore.

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“Kaddu Katega, Sab Mein Batega”: TBO Tek Expands ESOP Pool, Allots 2.44 Lakh Stock Options

TBO Tek is boosting its ESOP pool, allotting 2.44 lakh stock options worth INR 44.96 crore. After a stellar debut on May 15 at INR 1,426 on the NSE, a 55% premium over its issue price, the company's growth continues.

With a 64% jump in PAT to INR 46.4 crore in Q4 FY24, TBO Tek is riding high on success.

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“Dost Dost Na Raha”: NCLT Admits BCCI Plea Seeking Insolvency Proceeding Against BYJU’S

In a dramatic turn, the NCLT has admitted BCCI's plea to initiate insolvency proceedings against Byju's parent company, Think & Learn Pvt Ltd, over a Rs 158.90 crore default.

This move could see Byju Raveendran, founder of India's once most valued startup and former cricket team sponsor, lose control of his company.

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“Bure Waqt Ke Shikar”: Crisis-Hit BYJU’S Locked Out Of Over 100 Tuition Centres Over Unpaid Rent

In a fresh setback, crisis-hit BYJU'S has been evicted from over 100 tuition centers due to unpaid rent and electricity bills. Locations in states like UP, Bihar, and West Bengal have already been closed.

This comes after BYJU'S claimed in March 2024 that 262 centers were operational, despite cost-cutting measures forcing some closures.

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“Mai Anari Tu Khiladi”: Paytm Partners FlixBus To Expand Its Intercity Bus Travel Services

Paytm has teamed up with FlixBus to enhance its intercity bus travel services, allowing users to book FlixBus tickets directly through the Paytm app. Travel is a core business for Paytm, and this partnership will broaden its travel offerings.

Notably, Paytm's travel segment has seen significant growth, with a 19% YoY increase in flight bookings in Q4 FY24.

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1. Healthcare financing startup Icanheal has secured INR 15 Cr (around $1.8 Mn) from IvyCap Ventures. With India's healthtech sector projected to hit $21.3 Bn by 2025, this funding marks a significant boost for Icanheal's growth.

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2. Namma Yatri, the community-led mobility app (Yatri Saathi in West Bengal), has secured $11 million (₹92 crore) in a pre-Series A funding round. Leading the investment are Blume Ventures and Antler, alongside participation from Google and other notable investors.

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