India Tech News 🇮🇳Travel fintech Scapia is in talks to raise 50-60 million USD in funding led by US-based venture capital firm General Catalyst. The startup plans to scale its co-branded credit card and international travel booking businesses. Nexus Venture Partners could also join the round alongside existing investors. https://economictimes.indiatimes.com/tech/funding/travel-fintech-scapia-in-talks-with-general-catalyst-to-raise-50-60-million/articleshow/129590742.cms #India #Tech #Fintech #Scapia
Travel fintech Scapia in talks with General Catalyst to raise $50-60 million
Scapia is in early talks to raise $50–60 million led by US VC General Catalyst, aiming to expand its co-branded credit cards and travel bookings. Founded by Anil Goteti, Scapia grew revenue 70% YoY to Rs 40.4 crore and cut losses, competing with Uni Cards, Niyo, and Jupiter.
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