Travel fintech startup Scapia has announced a ₹20 crore employee stock ownership plan (ESOP) buyback, providing liquidity to eligible employees as the company continues to strengthen its position in India’s travel and fintech ecosystem.
Under the buyback programme, eligible employees can sell up to 10% of their vested stock options, allowing them to realise value from their equity holdings.
The announcement follows Scapia’s recent $63 million Series C funding round, led by General Catalyst, with participation from existing investors Peak XV Partners and Z47. Over the past year, the startup has secured more than $100 million in funding as it accelerates its expansion beyond its co-branded credit card business to build a comprehensive travel platform.
Founded in 2022 by Anil Goteti, Scapia operates at the intersection of financial services and travel technology. The company offers co-branded credit cards in partnership with Federal Bank and BOBCARD, alongside a travel platform that enables customers to book flights, hotels, trains, buses, visas, experiences, and other travel services.
The startup also reported strong business growth over the past year. Flight bookings increased five to six times year-on-year, while hotel bookings surged nearly eightfold during the same period. Additionally, Scapia said its credit cards have been used across 113 currencies in 174 countries, and it has introduced one of India’s dual-network credit cards that supports both Visa and RuPay.
Currently, Scapia serves customers across more than 17,500 pincodes nationwide through its integrated travel platform and financial products.
The company also posted improved financial performance in FY25. Its operating revenue grew 71% to ₹29 crore, compared with ₹17 crore in FY24. Meanwhile, its net loss narrowed to ₹83 crore from ₹88 crore a year earlier, reflecting progress toward improving operational efficiency.
Scapia joins a growing number of Indian startups offering liquidity opportunities to employees through ESOP buybacks. Industry data indicates that nine startups have collectively completed ESOP buybacks worth more than $270 million in 2026, including BrowserStack, Innovaccer, CoinDCX, Unacademy, Tractor Junction, Emversity, Cashfree Payments, Plum, and Kratikal.
More recently, e-commerce giant Flipkart also approved its second discretionary ESOP liquidity programme, which is expected to be worth approximately $25 million.
