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Money & Machines: Ashneer Grover’s third attempt at Third Unicorn; Rise of AI-powered travel

Money & Machines: Ashneer Grover’s third attempt at Third Unicorn; Rise of AI-powered travel

24 Jul 2026, 08:20 PM

In today's edition, we write on Ashneer Grover's third attempt at Third Unicorn in three years; and why investors are betting on India's AI-native travel startups...

Scapia launches Rs 20 crore ESOP buyback

Scapia launches Rs 20 crore ESOP buyback

21 Jul 2026, 12:19 PM

The development comes after Scapia raised $63 million in a Series C funding round in May led by General Catalyst.

Scapia raises $63 million led by General Catalyst

Scapia raises $63 million led by General Catalyst

21 May 2026, 12:17 PM

Existing investors Peak XV Partners and Z47 participated in the funding round.

Peak XV-backed credit card fintech Scapia sees revenue jump in FY25

Peak XV-backed credit card fintech Scapia sees revenue jump in FY25

16 Dec 2025, 03:33 PM

The travel fintech's net loss narrowed to Rs 83 crore in FY25 from Rs 87.9 crore reported in FY24.

Juspay strikes strategic deal with Sabre Direct Pay to boost travel payments

Juspay strikes strategic deal with Sabre Direct Pay to boost travel payments

25 Nov 2025, 04:34 PM

Juspay will also deploy its tokenization technology within Sabre Direct Pay's platform as part of this deal.

Travel card fintech Scapia raises $40 million led by Peak XV

Travel card fintech Scapia raises $40 million led by Peak XV

04 Apr 2025, 01:39 AM

Existing investors Elevation Capital, Z47, and 3STATE Capital also participated in the round.

Cred sells Happay to MakeMyTrip

Cred sells Happay to MakeMyTrip

18 Nov 2024, 11:03 PM

MakeMyTrip has signed a business transfer agreement to acquire Happay, which was previously acquired by Cred in a $180 million deal in 2021.

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Fintech Highlights

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  2. RBI identifies 17 NBFCs in upper layer under revised framework; Tata Sons stays on list

  3. Fisdom founders set to exit Groww following completion of acquisition integration

  4. PB Fintech Q1 FY27 revenue up 40% to Rs 1,348 crore, net profit jumps 92%

  5. Elevation Capital offloads Paytm stake worth Rs 2,038 crore via bulk deals
  6. Read more news...

AI/Emerging Tech

  1. Solinas Integrity secures Series A1 funding co-led by Mela Ventures, Hero Enterprise Family Office

  2. Capillary Technologies Q1 FY27 revenue up 43% to Rs 256 crore

  3. Former Swiggy, Zomato execs' AI startup Profound bags seed funding

  4. Kily bags Rs 30 crore funding led by Sorin Investments

  5. Sarvam AI raising $74 million in extended Series B funding led by Nvidia
  6. Read more news...

IPO Tales

  1. Cult.fit IPO: A leaner business, but can the fitness startup justify its valuation?

  2. Zepto IPO: Can this cash-hungry quick commerce model turn profitable?

  3. Turtlemint IPO: Behind its 8x revenue jump, an internal deal does the heavy lifting

  4. Shiprocket IPO: A profitable core, costly emerging bets
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Money & Machines

  1. Money & Machines: Postpaid is back. The golden era isn't; What Sarvam's Chaplot bet signals

  2. Money & Machines: Ashneer Grover’s third attempt at Third Unicorn; Rise of AI-powered travel

  3. Money & Machines: (UPI) Zero for Whom?; The Sovereign AI Dilemma

  4. Money & Machines: Regulating crypto without regulating crypto; iMerit's human edge
  5. Previous editions...

PE/VC Tales

  1. 'Traditional fintech SaaS still very valuable', says Cedar Hill Capital's Sahil Anand

  2. Inside the fintech bets of Blume Ventures

  3. There's much more to AI than just agentic AI: Inflexor's Harsha Mundhada

  4. Zetwerk-backer Kae Capital sees more exits in next 12 months, says AI startup valuations high
  5. Read more news...

Editor's Pick

  1. Exclusive: Reserve Bank of India cracks down on misuse of education payments

  2. Inside Rebel Foods, Droom backer Lightbox's post-exodus reset

  3. The LAP rush and MSME mirage: Is fintech lending building its next risk? [Part-3]