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

May 2026 funding fell to $630M, down 27.2% MoM and 45% YoY, despite Rapido's $240M Series F and Skyroot's $60M raise. Bengaluru captured 65% of capital; fintech led sectors at $97M. Zepto secured SEBI IPO nod, Emami took 60% in InCut Digital, while 680 layoffs at Apna Mart and others signal cautious investor mood.

Entrackr · Newsletter · 6/1/2026, 6:15:02 AM

Inc42's roundup flags a 70% drop in weekly Indian startup funding to $92.2 Mn, with ecommerce topping deal volume. Scapia raised $63 Mn and StrainX $13 Mn, while Cashfree leans on cross-border payments to defend its PA niche amid 55 PA licences in play.

Inc42 · 5/25/2026, 2:35:59 AM

Indian startups pulled $92.2 Mn this week. Nykaa's board cleared a 24.2% Earth Rhythm buy for ₹9.4 Cr, taking the clean-beauty D2C label to subsidiary status. Zepto is targeting a ₹11,000 Cr ($1.1 Bn) IPO filing by July 31, while travel-card fintech Scapia led the week with a $63 Mn raise.

Inc42 · Buzz · 5/23/2026, 3:31:47 AM

Indian startups pulled in $124.4M across 15 deals during May 16-22, 2026, with fintechs Scapia ($63M Series C) and Solfin ($29M) anchoring the week. Consumer-side, dairy and grocery platform Country Delight added $6.7M in debt, while fashion startup Meta Fashion and recovery-tech brand Owners ID also closed rounds.

YourStory · Capital · 5/22/2026, 12:31:37 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

YourStory roundup signals capital and category momentum: Scapia raises $63M led by General Catalyst, Mumbai D2C Papacream scales premium ice cream through quick commerce, Nykaa crosses $1B annualised revenue, Honasa Q4 profit jumps 178% to Rs 69.43 crore, and Zepto lines up an Rs 11,000 crore IPO.

YourStory · 5/22/2026, 2:05:00 AM

Cashify opens its inaugural 'Select' format store in Bengaluru, a dedicated refurbished electronics retail concept. The launch builds on its existing 250+ store footprint across 95 Indian cities, signaling a push into branded organized retail for the resale category. Same roundup notes Snabbit entering salon-at-home and Scapia raising $63M.

YourStory · 5/21/2026, 11:27:23 AM

Travel fintech Scapia raised $63M in a round led by General Catalyst, with Peak XV and Z47 participating, lifting total funding to $135M. Capital will fuel its co-branded travel credit card, UPI rewards, Scapia Store and AI-native hiring, after 5-6x flight booking growth and 7x customer growth.

The Hindu BusinessLine · 5/21/2026, 10:41:26 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