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Niyo’s total operating expenses grew 20% to Rs 201 crore in FY26, compared with Rs 168 crore in the previous fiscal.
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...
The development comes after Scapia raised $63 million in a Series C funding round in May led by General Catalyst.
Existing investors Peak XV Partners and Z47 participated in the funding round.
The travel fintech's net loss narrowed to Rs 83 crore in FY25 from Rs 87.9 crore reported in FY24.
Juspay will also deploy its tokenization technology within Sabre Direct Pay's platform as part of this deal.
Existing investors Elevation Capital, Z47, and 3STATE Capital also participated in the round.
MakeMyTrip has signed a business transfer agreement to acquire Happay, which was previously acquired by Cred in a $180 million deal in 2021.
