News · Financial Services

Scapia announces ₹20 crore ESOP buyback for employees

By Startup Enthusiast · 20 July 2026

What they do

Scapia is a travel fintech platform offering co-branded credit cards and travel booking services

The company announced an ESOP buyback worth ₹20 crore, allowing eligible employees to sell up to 10% of their vested options

Scapia has raised over $135 million in funding so far, including a recent $63 million Series C round led by General Catalyst

Scapia, a travel fintech startup, announced an ESOP buyback worth ₹20 crore, allowing eligible employees to sell up to 10% of their vested options.
The buyback follows a $63 million Series C round led by General Catalyst, with participation from existing investors Peak XV Partners and Z47.
Scapia has raised over $135 million in total funding across four rounds, including a $40 million Series B round in April 2025.
The company offers co-branded credit cards in partnership with Federal Bank and BOBCARD, tailored for Gen Z and millennial travellers.
Scapia’s platform includes travel booking services for flights, hotels, visas, trains, buses, and experiences.
The company claims its flight bookings have grown 5 to 6 times year on year, while hotel bookings have increased nearly 8 times.
Scapia’s co-branded credit cards are accepted in over 150 countries and serve users across 17,500 pincodes in India.
The ESOP buyback is part of a broader trend among startups offering liquidity to employees in 2026.

Scapia’s ESOP buyback aims to retain talent and improve employer branding by providing liquidity to employees.
The company is using the recent funding to expand its product range, strengthen its brand, and develop AI-driven solutions.
Scapia’s co-branded credit cards offer benefits like zero forex markup and travel-focused rewards, targeting a younger demographic.
The company’s operating revenue increased 71% to ₹28.7 crore in FY25, while its net loss narrowed to ₹83 crore.

Scapia operates as a travel fintech platform, combining co-branded credit cards with travel booking services.
The company partners with Federal Bank and BOBCARD to offer credit cards tailored for Gen Z and millennial travellers.
Scapia’s credit cards provide benefits such as zero forex markup, unlimited domestic lounge access, and travel rewards.
The platform includes services for booking flights, hotels, visas, trains, buses, and travel experiences.
Scapia’s cards are accepted in over 150 countries and serve users across 17,500 pincodes in India.
The company’s operating revenue rose 71% to ₹28.7 crore in FY25, while its net loss narrowed to ₹83 crore.

Scapia plans to expand its product range and strengthen its brand using the recent funding.
The company aims to develop AI-driven solutions to enhance its offerings and customer base.
Scapia is focusing on building products that help users travel and lead richer lives.

General Catalyst (lead) — Venture capital firm focused on early-stage technology investments.
Peak XV Partners (existing) — Venture capital firm with a focus on India’s technology sector.
Z47 (existing) — Venture capital firm investing in early-stage startups.

Product: A travel platform and co-branded credit cards for trip planning and payments.
Customers: Consumers, especially newer and younger travellers in India.
How it makes money: It earns from travel-related transactions and card-based financial services.
What sets it apart: Combines travel services with payment products and a broader travel ecosystem.
Operations: It offers flights, hotels, visas, trains, buses, experiences, and card partnerships with banks.