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Scapia Raises Rs 190 Crore Led By Binny Bansal s Fund, Elevation Capital

Travel credit card startup Scapia, founded by Flipkart's former Senior Vice-President Anil Goteti, has raised $23 million, or about Rs 190 crore, to further scale its fintech products targeted at young travellers. The funding round was led by Elevation Capital and Flipkart Co-Founder Binny Bansal's fund, 3STATE Ventures. The round also saw participation from its existing investors, Matrix Partners India and Tanglin Venture Partners.

Vikram vaidyanathanFlipkart coSenior vice president anil gotetiElevation capitalFlipkart co founder binny bansalMatrix partners indiaTanglin ventureMatrix partnersStartup funding

Digital lending at an inflection point, and other top tech, startup stories this week

The digital lending sector in India is experiencing an inflection point after years of challenges. Industry-level NPAs are decreasing, credit demand is increasing, and investors are showing interest in the sector again. Fintechs have dominated the unsecured lending space, with the market share of fintech lenders in the personal loans sector increasing from 13% in 2018 to 47% in 2023.

Jitendra guptaSalil parekhSatyan gajwaniPrashanth prakashRohit kapoorRanjan paiAshwini vaishnawAlwar rajasthanAnkit nagoriAlbinder dhindsaAadit palichaKunal shahSamidha sharmaRajeev chandrasekharPrateek maheshwariGaurav munjal

Zepto CEO s big sales target; sustainable ventures in focus for public markets at ET Startup Awards 2023

India s newest unicorn Zepto has set its sights on an ambitious sales target, CEO Aadit Palicha said during The Economic Times Startup Awards 2023 (ETSA).

Piyush goyalSuvir sujanAlbinder dhindsaRajeev chandrasekharVarsha tagareJitendra guptaSujeet kumarIshan mittalAmar nagaramSatyan gajwaniVikram vaidyanathanAmit somaniZepto aadit palichaKunal shahAshish fafadiaRashi narang

Matrix Partners India Promotes Pranay Desai As Managing Director

Matrix Partners India has elevated Pranay Desai as its managing director, promoting him from the role of Partner

Vinay singhPranay desaiDipanjan basuKannan sitaramVikram vaidyanathanPartners indiaMatrix partners indiaMatrix indiaStable moneyMatrix partnersFireside ventures

Indian fintechs are expected to reach over $190 billion by 2030: Report

Indian fintechs are expected to reach over $190 billion by 2030: Report
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United statesVikram vaidyanathanFintech unionBoston consulting groupMatrix partnersBoston consultingManaging director

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