Scapia's Groundbreaking $40 Million Series B Funding

Travel fintech startup Scapia has successfully raised $40 million in a Series B funding round. This significant investment was led by Peak XV Partners, with contributions from existing investors including Elevation Capital, Z47, and 3STATE Capital.

Anil Goteti, founder and CEO of Scapia, shared his vision for the company's future, emphasizing the focus on expanding the team, accelerating product development in travel and financial services, and investing in artificial intelligence to enhance user experience.

Targeting the Digital-First Generation

Scapia's innovative approach combines travel booking services with financial tools specifically designed for Gen Z and millennial users. The company's co-branded credit card, developed in partnership with Federal Bank, offers unique benefits such as 10% rewards on all spending and 20% rewards on travel bookings made through its platform.

Expanding Horizons

With plans to broaden its services to include domestic transport and visa assistance, Scapia is set to redefine the travel fintech landscape. The recent launch of a RuPay variant of its card further enables UPI-based payments, tapping into the vast domestic digital payments market.