Scapia bags $63M as Papacream scoops premium ice cream share via quick commerce

YourStory roundup signals capital and category momentum: Scapia raises $63M led by General Catalyst, Mumbai D2C Papacream scales premium ice cream through quick commerce, Nykaa crosses $1B annualised revenue, Honasa Q4 profit jumps 178% to Rs 69.43 crore, and Zepto lines up an Rs 11,000 crore IPO.

— Source publishedFri, 22 May, 2026, 07:30 IST·First seen Fri, 22 May, 2026, 07:34 IST·Source YourStory

What happened

YourStory roundup: Scapia raises $63M led by General Catalyst for AI/brand build; Mumbai D2C Papacream scales premium ice cream via quick commerce; Nykaa

Key facts

  • $63M
  • Rs 11,000 crore
  • $1 billion
  • Rs 69.43 crore
  • 178%
  • Rs 657.08 crore
  • 23.15%

Why this matters

With Zepto eyeing an Rs 11,000 Cr IPO and listed peers like Nykaa and Honasa hitting profitability milestones, the consolidation window for sub-scale D2C brands is narrowing and exit optionality favors quick-commerce-native plays.

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