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Indian travel fintech firm Scapia said to raise about $50m

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Indian travel fintech firm Scapia said to raise about $50m

Fintech Investment News

Indian travel fintech firm Scapia said to raise about $50m


Scapia, a Bengaluru-based travel fintech that issues co-branded credit cards, is in talks to raise US$50–60 million in a round led by US VC General Catalyst, people familiar with the matter said.

Sources said talks were at an early stage and Nexus Venture Partners and other new investors could join, while the company said it would not comment on market speculations.

Last April, Scapia raised US$40 million led by Peak XV Partners, and that round valued the company at about US$200 million, bringing total funds raised to about US$72 million.

Registrar of Companies filings showed Scapia’s revenue from operations rose 70.8% year-on-year to 40.4 crore rupee (US$4.38 million) in FY25, and its net loss narrowed by 5.6% to 83 crore rupee (US$8.99 million).

General Catalyst has announced a US$5 billion India investment plan over the next five years that includes fintech.

🔗 Source: The Economic Times

 

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