Scapia, a travel fintech startup, raised $40 million in a Series B funding round led by Peak XV Partners, with participation from Elevation Capital, Z47 (formerly Matrix Partners India), and 3STATE Ventures. The company offers a co-branded credit card in partnership with Federal Bank and allows users to book flights, trains, stays, and other travel experiences on its app.
The fresh funds will be used in brand marketing, product development, including the use of AI in customer services and other business operations, and to expand its current team of about 100 employees by at least 50% in the next year, said Anil Goteti, founder and CEO.
He launched the Scapia co-branded credit card in June 2023, and now plans to onboard two…
