Travel fintech startup Scapia raises $40 million from Peak XV, existing investors

Travel-focused fintech startup Scapia, founded by former Flipkart senior executive Anil Goteti, has secured $40 million in an equity funding round led by Peak XV Partners, with existing investors Elevation Capital, Z47 and 3State Capital participating.

ET had reported on January 15 that this deal was in the works.

Scapia is making a comeback of sorts after almost stopping services in the wake of a major business slowdown. The fintech’s partner, Federal Bank, had been barred from offering co-branded cards by the RBI on March 13. The move impacted its…