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Scapia’s $63M fundraise; Premium ice cream brand P

Scapia’s $63M fundraise; Premium ice cream brand Papacream

· IPO & Markets · YourStory

Agentic AI has arrived. And looks like it’s here to stay, in large numbers. Jensen Huang, Founder of NVIDIA, envisions a world inhabited by billions of AI agents. “The world has a billion human users. My sense is that the world is gonna have billions of agents,” he said during an earnings call. The chip giant’s latestresultsyet again prove the surging demand for infrastructure used to run advanced AI models. “The world is rebuilding computing for agentic AI and robotic physical AI. NVIDIA sits at the centre of these transitions,” said Huang. Elon Musk’s SpaceX is also leaning heavily into the future, as its mega IPOfilingreveals—but much of the company’s outlook is on segments that have not yet been built, be it Mars colonisation or AI data centres in space. Meanwhile, Zepto plans to launch its Rs 11,000-croreIPOin July, people familiar with the matter toldPTI. If the listing goes through, the quick-commerce platform will join rivals Zomato and Swiggy on the stock exchanges. Zepto is reportedly pursuing a different strategy compared to competitors by focusing on market density and operational intensity rather than rapid geographic expansion. Lastly, in the US, Target is betting on babies to come out of its long sales slump. The retailer is said to have added 2,000 items to itsbabycategory this year, with a focus on busy, young families and new parents. In today’s newsletter, we will talk about Here’s your trivia for today: Tax prep application TurboTax and small business accounting program QuickBooks are products of which publicly traded company? Bengaluru-headquartered travel-fintech startup Scapia has raised $63 million in a fresh round of funding led by General Catalyst and also saw participation of existing investors, Peak XV Partners and Z47. Scapia was founded in January 2022 by former Flipkart executive Anil Goteti. It offers co-branded credit cards in partnership with Federal Bank and BOBCARD. After leaving a Wall Street trading career, Tanvi Chowdhri returned to India to launch Papacream, a premium dessert brand blending nostalgia, affordability, and innovation. Today, the startup is scaling rapidly through dark stores and quick commerce. “I was always a foodie at heart. Growing up, I think I came from a very food loving family where we used to cook meals together, and all the travels revolved around us exploring the local cuisines wherever we went,” says Tanvi. Tax prep application TurboTax and small business accounting program QuickBooks are products of which publicly traded company? We would love to hear from you! To let us know what you liked and disliked about our newsletter, please mail[email protected]. If you don’t already get this newsletter in your inbox,sign up here. For past editions of the YourStory Buzz, you can check ourDaily Capsule page here.

Original source: YourStory
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