Travel fintech Scapia raises $63M from General Catalyst and existing investors
By
The Hindu Bureau
Good intentions, undercooked execution. The bake is missing.
Summary
Bengaluru-based travel fintech startup Scapia has raised $63 million in a funding round led by General Catalyst, with participation from existing investors Peak XV Partners and Z47. The company plans to use the funds to strengthen its brand presence across India and accelerate its AI-first innovations. Scapia claims to be the first to launch a dual-network co-branded credit card in partnership with Federal Bank and BOBCARD that operates on both Visa and RuPay networks.
Key quotes
· 3 pulledThe company claims to be the first to launch a dual-network co-branded credit card in partnership with Federal Bank and BOBCARD that operates both on Visa and RuPay.
Scapia, a Bengaluru-based travel fintech firm, raised $63 million in a funding round led by General Catalyst with participation from existing investors, including Peak XV Partners and Z47.
The company plans to utilise the fresh funds to strengthen its brand presence across India, and accelerate its AI-first innovations.
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