Travel-focused fintech Scapia on Thursday said it raised $40 million in a Series B funding round led by Peak XV Partners, with participation from existing investors Elevation Capital, Z47, and 3STATE Capital.
The startup will use the funding to accelerate product development in travel and financial services, enhance AI capabilities, and expand its team, it said in a statement.
“Over the past three years, we have focused on creating exceptional travel products, forging strong banking partnerships, and building a talented team,” said Anil Goteti, Founder and CEO of Scapia. “With the support of Peak XV and our existing investors, we are poised to accelerate our product roadmap and deliver innovative solutions to travellers faster than ever…
