Scapia bags $63M as Papacream scoops premium ice cream share via quick commerce

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.

— Filed Fri, 22 May, 2026, 07:35 IST · Source YourStory · Updated

YourStory roundup: Scapia raises $63M led by General Catalyst for AI/brand build; Mumbai D2C Papacream scales premium ice cream via quick commerce; Nykaa crosses $1B annualised revenue; Honasa Q4 profit jumps 178%; Zepto plans Rs 11,000 crore IPO.

Why this matters

Papacream's quick commerce push extends its recent expansion: 100 dark stores via Cure Foods with a 500-store target by 2030, and earlier D2C signals alongside Damroo and Artiure.

Retail-brand activity steady with 486 signals in the last 90 days.

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