Bengaluru-based travel fintech Scapia raised $63M Series C led by General Catalyst, lifting valuation 3X to $539M and total funding to $135M. Operates co-branded travel cards with Federal Bank and Bank of Baroda. FY25 revenue Rs 29 cr against Rs 83 cr net loss; capital earmarked for AI build-out and hiring.

Entrackr · Newsletter · 6/2/2026, 10:10:25 AM

MSCI's quarterly rebalance cut India's weight to 12.3% from 12.4%, sparking a 1.5% Nifty drop. Consumer-facing names took the brunt: Hyundai Motor India ($281mn outflow), Jubilant FoodWorks ($161mn) and Kalyan Jewellers ($137mn) face passive selling pressure that could weigh on near-term price action.

NDTV Profit · 5/29/2026, 10:20:04 AM

India's credit card spending fell to ₹1.97 trillion in April 2026, down 10.1% MoM but up 7.1% YoY. SBI Cards led the pack with 29% YoY growth and 327bps market share gain, while ICICI Bank contracted 7% YoY. Federal Bank (+51%) and IDFC First scaled aggressively. Cards in force hit 119.4M; avg spend/card at ₹16,512.

Business Today · Latest · 5/27/2026, 12:03:15 PM

Nykaa's Q4 FY26 net profit jumped 4X YoY to ₹78.8 Cr on 28% revenue growth to ₹2,648 Cr. FY26 profit climbed 182% to ₹203.9 Cr on ₹10,022 Cr revenue. The beauty retailer added 76 stores to reach 313 across 99 cities and picked up a 24.2% stake in Earth Rhythm for ₹9.4 Cr, doubling down on omni-channel and house-of-brands plays.

Inc42 · Buzz · 5/22/2026, 2:33:34 AM

Bengaluru-based travel fintech Scapia raised $63M in Series C from General Catalyst, with Peak XV and Z47 joining. Capital will fund its in-house Scapia Store marketplace, AI tooling, and co-branded card tie-ups with BOBCARD, Federal Bank, RuPay and Visa. Flight bookings grew 5-6x, stays 8x, with 80-85% domestic travel spend.

Business Standard · Companies · 5/21/2026, 10:10:33 AM

Bengaluru-based travel-fintech Scapia raised $63M led by General Catalyst with Peak XV and Z47 participating. Capital will fund AI initiatives, brand build, and product expansion across its Federal Bank and BOBCARD co-branded cards. Flight bookings grew 5-6x, stays 8x, customer base 7x.

YourStory · Capital · 5/21/2026, 8:03:07 AM

Travel-fintech Scapia raised $63M led by General Catalyst, lifting total funding to $135M. Founded by ex-Flipkart exec Anil Goteti, the AI-first platform runs co-branded cards with Federal Bank and BOBCARD, posting 5-6x flight booking growth and 8x hotel stays growth, with rising Tier-2/3 traction.

Business Today · Latest · 5/21/2026, 7:28:56 AM

Bengaluru-based travel fintech Scapia raised $63 Mn led by General Catalyst, with Peak XV and Z47 joining. Capital fuels brand building, AI-first product development, and deeper co-branded travel credit card tie-ups with Federal Bank and Bank of Baroda on the Visa rails.

Inc42 · Buzz · 5/21/2026, 7:27:52 AM

Travel-fintech Scapia raised $63M led by General Catalyst, with Peak XV and Z47 joining. The Federal Bank and BOBCARD co-brand card issuer will deploy capital into AI and hiring. Flights volume grew 5-6X and stays 8X, with FY25 revenue at Rs 29 cr versus Rs 17 cr in FY24; net loss narrowed marginally to Rs 83 cr.

Entrackr · Newsletter · 5/21/2026, 6:33:34 AM

Travel fintech Scapia raised $63M Series C led by General Catalyst with Peak XV, Z47 and Matrix participating. Funds back co-branded credit cards with Federal Bank and Bank of Baroda, AI-native products, and Gen Z travel push. FY25 revenue ₹40.4 cr against ₹83.1 cr loss; user base up 8x, hotel bookings 10-15x YoY.

Mint · 5/21/2026, 5:46:42 AM

MSCI's May 2026 review adds four Indian names to its Global Standard Index and drops four, with changes effective May 29. Federal Bank leads passive inflows at $491M, followed by MCX ($373M) and Nalco ($308M). Hyundai India faces $281M outflow; Jubilant Foodworks and Kalyan Jewellers exit with $161M and $137M outflows. India weight slips marginally to 12.3% from 12.4%; Adani Energy Solutions excluded on NSE surveillance.

The Hindu BusinessLine · 5/13/2026, 7:25:27 AM