Private Equity PE Fund Investments
Travel-focused fintech co. Scapia attracts $40-M in Series B led by Peak XV Partners
Source Scapia (opens in a new tab)Yourstory (opens in a new tab)
Bengaluru-based travel-focused fintech Scapia has raised USD 40 million in a Series B funding round led by Peak XV Partners. The round also saw participation from existing investors Elevation Capital, Z47 and 3STATE Capital.The new funds will be used to accelerate product development in travel and financial services, enhance AI capabilities and hire talent.Founded in 2022 by Anil Goteti, Scapia offers travel services and financial products including a co-branded credit card to enhance travel experiences with rewards and seamless transactions for travellers.