IndusLaw, River Law, SAM, Khaitan, and Bombay Law advise on Scapia’s $40 million Series B fundraise

Scapia Technology Private Limited has raised $40 million from a Series B fundraise led by Peak XV Partners, with participation from existing investors Elevation Capital, Z47, 3STATE Capital, and Tanglin Venture Partners.

IndusLaw advised Scapia on this fundraise.

The transaction team consisted of Winnie Shekhar (Partner), Shantanu Singh (Partner), Asha Sreedhar (Associate) and Khushi Vardhan (Associate).

River Law advised lead investor Peak XV Partners on their investment in Scapia.

The transaction team consisted of Srishti Goyal (Partner), Vibhu Khanna (Principal Associate) and Shreesh Bindal (Associate).

Shardul Amarchand Mangaldas & Co advised existing investors Elevation Capital and Z47.

Khaitan & Co advised existing investor 3STATE Capital.

Bombay Law Chambers advised existing investor Tanglin Venture Partners.

The funds will be used to expand team, enhance product offerings, and integrate AI-driven solutions

Founded in 2022 by former Flipkart executive Anil Goteti, Scapia offers a co-branded credit card in partnership with Federal Bank, providing users with rewards on transactions, particularly for travel bookings made via the Scapia app. Prior to this round, Scapia raised $9 million in seed funding in June 2023 and $23 million in a Series A round in November 2023, bringing its total funding to over $70 million to date.

Scapia offers a co-branded credit card in partnership with Federal Bank, designed to make travel more accessible and rewarding. Within five months of its launch, Scapia distributed cards across over 7,500 pin codes in India, with 40% of users hailing from beyond the top 30 cities. The platform supports bookings with all global airlines and offers over 500,000 stays and hotels worldwide, providing features like easy cancellations, flexible rescheduling, and payment options such as 'Travel Now, Pay Later.' In January 2025, Scapia expanded its services to include visa applications for 45 countries and domestic train bookings, further enhancing its comprehensive travel offerings.

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