Scapia Raises $40M in Series B Funding Led by Peak XV Partners
Summary
Scapias $40 million Series B fundraise demonstrates overwhelming demand for its co-branded credit card, driven by surging consumer appetite for travel and a product specifically designed to meet Gen Z and millennial needs. 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 before," said Anil Goteti, Founder & CEO of Scapia. Were confident in Scapias continued momentum and pleased to strengthen our partnership with Anil and the team, said Mridul Arora, Partner, Elevation Capital.Scapia is transforming how the next generation of Indians travel and spend on experiences. Anil and team have crafted delightful user journeys through industry-first innovations like Airport Privileges, while providing a full-service travel platform that includes buses and trains. Building on this momentum, the company also recently launched a RuPay variant of its co-branded card with Federal Bank to capture UPI-based spends and broaden its reach across Indias digital payments ecosystem.