CMS INDUSLAW, Khaitan act on Scapia $63 million Series C fundraise

Scapia Technology Private Limited has raised $63 million from a Series C fundraise led by General Catalyst, with participation from existing investors Peak XV Partners and Z47.

CMS INDUSLAW advised Scapia on this fundraise.

The transaction was led by Winnie Shekhar (Partner), with support of Shantanu Singh (Partner), Chandresh Goyal (Senior Associate) and Arnab Chakraborty (Associate).

The Firm had advised Scapia on their previous fundraise as well.

Khaitan & Co advised lead investor General Catalyst on this fundraise. The Firm assisted General Catalyst in conducting legal due diligence on Scapia; reviewing and negotiating the transaction documents; and execution and closing related aspects of the transaction which, inter alia, included the review of documents in relation to the conditions precedent and closing, as well as tracking the completion of the conditions precedent.

The core transaction team consisted of Bharat Anand (Senior Partner), Nidhi Killawala (Partner), Ayushi Mishra (Counsel), Sakshi Garg (Associate) and Anannya Wal (Associate).

Smita Jha (Partner), Akshay Ferdinand (Senior Associate) and Ananya Giri Upadhya (Associate) advised on the regulatory aspects of the transaction.

Nirupam Lodha (Partner), Shivangi Narang (Principal Associate) and Palak Dwivedi (Associate) advised on the IP aspects of the due diligence.

Pranjal Prateek (Partner) and Armaan Gupta (Principal Associate) advised on the competition law aspects of the transaction.

Scapia is a travel-focused fintech platform offering co-branded credit card solutions and integrated travel services designed to enhance the travel experience for Indian consumers through rewards-led offerings and technology-driven solutions.

The funding will support Scapia’s continued growth, expansion of its product offerings, enhancement of its technology and AI capabilities, and further scaling of its customer base across India.

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