Peak XV-backed credit card fintech Scapia sees revenue jump in FY25
16 Dec 2025, 03:33 PMThe travel fintech's net loss narrowed to Rs 83 crore in FY25 from Rs 87.9 crore reported in FY24.
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Travel solutions-focussed fintech startup Scapia recorded a 71% jump in revenue from operations to Rs 28.7 crore in the fiscal ended March 31, 2025, compared to Rs 16.8 crore during the previous fiscal.
Total expenses of the Bengaluru-based company grew to Rs 123.4 crore during the fiscal, as against Rs 112.1 crore in FY24. Employee cost jumped from Rs 35.5 crore in FY24 to Rs 61.3 crore in FY25.
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The travel card fintech's net loss narrowed to Rs 83 crore in FY25 from Rs 87.9 crore reported in FY24, reported Inc42 citing the Registrar of Companies filings.
The startup, founded by Anil Goteti in 2022, had last raised $40 million in Series B funding earlier this year led by Peak XV Partners, with participation from Elevation Capital, Z47 and Binny Bansal's 3STATE Capital. Scapia offers co-branded travel credit cards with Federal Bank featuring zero foreign currency markup on international transactions.
The startup raised $9 million in its initial investment round, which was headed by Matrix Partners, in June 2023. The company raised $23 million in a Series A round in November 2023 led by Elevation Capital and Binny Bansal’s fund 3State Ventures.
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