Latest news with #AnilGoteti
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Business Standard
12-06-2025
- Business
- Business Standard
India's first credit card with UPI and Visa in one - and zero forex fees
If you're someone who juggles multiple cards, UPI apps, and travel booking platforms, Scapia's latest offering might be the one card to rule them all Sunainaa Chadha NEW DELHI Scapia, India's fast-growing travel-first fintech platform, in collaboration with Federal Bank, on Thursday launched a game-changing credit card, which blends RuPay + Visa networks, combines UPI payments with credit, and offers strong travel perks — all packed into a single card. What makes this credit card different? This is not your regular card. It's a dual-network credit card that works across: One statement: You get a single bill for all your transactions — no confusion, no clutter Think of it like this: You can swipe at a cafe in Paris, scan UPI at a kirana store in Pune, book a flight to Bangkok, and all of it gets tracked in one single credit statement. "Designed to replace the clutter of multiple cards, wallets, and apps, the Scapia Federal Credit Card delivers a smarter, unified way to spend — whether for everyday essentials or vacations. With this launch, Scapia and Federal Bank are not just introducing a card —they are reimagining how India pays by blending the power of credit, UPI, and travel into a single, future-ready solution," read the release. Key Benefits of Scapia Federal Credit Card: One credit limit. One statement. Total control: Manage all cards and UPI spends (via RuPay) in one place, with a single statement. Dual-network convenience: Use Visa and RuPay together — unlocking acceptance for online, offline, international, and UPI transactions. Zero forex markup on all international transactions. Unlimited domestic lounge access and complimentary dining, shopping and spa across all airport outlets. Earn rewards on every eligible transaction and redeem for travel on the Scapia app - for flights, stays, buses, trains or more. Map-based Stay Search: Find hotels near the beach or the bazaar visually Smart Train Bookings: Get route suggestions to beat long waitlists Special Fares: Tailored pricing for students and senior citizen Who Should Consider This Card? Frequent travelers looking for lounge access and zero forex markup UPI lovers who don't want to use debit but want credit on UPI Tech-savvy users who book flights, trains, and hotels online Busy professionals/students who want one card for everything What's new in the Scapia App? Scapia has rolled out a summer upgrade: Train ticketing that suggests confirmed alternatives Map-based hotel search near landmarks Student and senior citizen fares for flights Redesigned rewards interface to track and redeem Scapia Coins easily "By bringing together the reach of Visa, the innovation of RuPay on UPI, and the trust of Federal Bank, we have built a product that's frictionless, borderless, and future-ready. Whether you are paying for your next coffee or your trip to the next continent, this card does it all — seamlessly, securely, and with unmatched rewards," said said Anil Goteti, Founder and CEO of Scapia.
Time of India
25-04-2025
- Business
- Time of India
ETtech Deals Digest: Startups raise $848 million in April so far; down 27% on-year
Startups raised around $848.3 million in funding between April 1 and 25, marking a 27.2% decline compared to the same period last year, when they secured $1.1 billion across 116 rounds in April 2024. #Pahalgam Terrorist Attack India pulled the plug on IWT when Pakistanis are fighting over water What makes this India-Pakistan standoff more dangerous than past ones The problem of Pakistan couldn't have come at a worse time for D-St This month, startups, mainly in the early and late stages, raised funds across 86 rounds, compared to 116 rounds in the year-ago period, according to market intelligence platform Tracxn . Also, startups had secured about $1.9 billion from 82 rounds in March 2025. Last week, from April 19 to 25, startups collectively secured around $76 million in funding. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now ETtech Top deals of the month GreenLine: Essar Group venture GreenLine Mobility Solutions announced raising $275 million via equity issuance to scale its green logistics business focused on liquefied natural gas (LNG) and electric trucks. Live Events Juspay: Payment aggregator Juspay closed a $60 million financing round led by domestic private equity fund Kedaara Capital, with existing investors SoftBank and Accel participating. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Tessell: Cloud database startup Tessell raised $60 million in its Series B funding round led by WestBridge Capital with participation from Lightspeed Venture Partners, among others . Scapia: Travel-focussed fintech startup Scapia, founded by former Flipkart senior executive Anil Goteti, raised $40 million in a funding round led by Peak XV Partners, with existing investors Elevation Capital, Z47, and 3State Capital participating. Infinity Fincorp: Mumbai-based non-banking finance company (NBFC) Infinity Fincorp raised $40 million in an extended Series A funding round led by Beams Fintech Fund. ETtech
