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General Catalyst Talks
Reports emerge of a new $50-60 million funding round led by General Catalyst.
March Slump
Funding drops back below the $100 million threshold to $90 million.
Brief Recovery
Funding surges to $184 million across 32 deals.
Yearly Low
Weekly funding hits a floor of $77 million.
FY25 Financials
Revenue hits Rs 40.4 crore with a 70.8% YoY increase.
Series B Funding
Raised $40 million led by Peak XV Partners at a $200M valuation.
Company Founded
Former Flipkart executive Anil Goteti launches Scapia.
Bengaluru-based travel fintech Scapia is negotiating a $50-60 million funding round led by General Catalyst to expand its co-branded credit card and travel booking ecosystem. The deal follows General Catalyst's $5 billion commitment to the Indian market and Scapia's 70% revenue growth in FY25.
Venture capital inflow into the Indian startup ecosystem dropped to $90 million during the first week of March, marking the second-lowest weekly total of the year. With only nine transactions recorded, investors are retreating amid geopolitical tensions in the Middle East and valuation uncertainties driven by the rise of artificial intelligence.
US-based venture capital giant General Catalyst has announced a massive $5 billion investment plan for the Indian startup ecosystem over the next five years. This strategic move signals a significant vote of confidence in India's long-term growth potential and marks one of the largest dedicated capital pools for the region.