India’s artificial intelligence startup ecosystem has achieved a historic milestone, with domestic AI companies collectively raising approximately $4.96 billion (around ₹32,900 crore) across hundreds of deals during the first quarter of 2026. This surge represents a 73% year-on-year increase in AI-focused funding, catapulting the sector to the third most-funded category in India’s startup landscape, trailing only e-commerce and fintech.

Bengaluru-based travel fintech startup Scapia has raised $63 million in a Series C funding round led by global investment firm General Catalyst, with participation from existing investors Peak XV Partners and Z47 . The all-equity round values the company at over $500 million, more than doubling its valuation from approximately $200 million in April 2025 . This brings Scapia’s total raised to $135 million since its founding in 2022 .