Scapia Declares a ₹20 Cr ESOP Purchase

Travel fintech startup Scapia has announced a ₹20 crore Employee Stock Ownership Plan (ESOP) buyback for its employees. The initiative allows eligible employees to sell a portion of their vested ESOPs, giving them an opportunity to convert their stock options into cash. The company said the move is aimed at rewarding employees for their contribution and strengthening its ownership-driven work culture. The announcement comes shortly after Scapia raised $63 million in fresh funding, led by General Catalyst, with participation from existing investors Peak XV Partners and Z47.

The company plans to use the new capital to expand its travel and fintech offerings, improve its technology platform, and accelerate growth. Scapia's ESOP buyback reflects a growing trend among Indian startups of providing liquidity to employees before a public listing or acquisition. Such buybacks help employees realize the value of their stock options while encouraging long-term commitment and attracting new talent. Scapia, which offers travel-focused financial products in partnership with Federal Bank, has been expanding its services with new travel rewards, payment solutions, and booking features. The company said the ESOP buyback recognizes the efforts of its employees and reinforces its commitment to sharing the company's growth and success with its team.