In a significant financial development, Scapia Technology Private Limited has successfully secured $63 million in a Series C funding round. This round was spearheaded by General Catalyst with continued backing from existing investors Peak XV Partners and Z47. The legal advisory for this funding was managed by CMS INDUSLAW.
Legal Advisory Team
The legal guidance for Scapia was led by Winnie Shekhar, a Partner at CMS INDUSLAW, who played a pivotal role in this transaction. She was supported by fellow Partner Shantanu Singh. The team also included Chandresh Goyal, a Senior Associate, and Arnab Chakraborty, an Associate, who contributed significantly to the legal proceedings. Notably, CMS INDUSLAW had previously advised Scapia during their earlier fundraising efforts.
About Scapia
Scapia is a fintech platform with a strong focus on the travel industry, offering co-branded credit card solutions alongside integrated travel services. The company aims to enrich the travel experience for Indian consumers through a blend of rewards-driven offerings and advanced technology solutions. With the infusion of new capital, Scapia plans to accelerate its growth trajectory.
Future Plans
The newly acquired funds will be instrumental in Scapia’s strategy to expand its product portfolio, enhance its technological and artificial intelligence capabilities, and scale its customer base across India. This funding round marks an important milestone in Scapia’s journey towards becoming a leading player in the travel fintech space.
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