SynopsisTravel fintech Scapia has launched a Rs 20 crore employee stock ownership plan buyback. Eligible employees can now sell up to ten percent of their vested options. This initiative follows a recent $63 million funding round led by General Catalyst. The company, founded in 2022, offers travel bookings and co-branded credit cards. Scapia has now raised a total of $135 million in funding.Travel-focussed fintech startup Scapia on Monday said that it has launched a Rs 20 crore Esop (employee stock ownership plan) buyback, allowing eligible employees to sell up to 10% of their vested options.The company did not disclose how many employees are eligible for the programme, the price at which the options will be repurchased, or whether former employees are covered. It also did not specify a timeline for completing the exercise.TheNow Playing
Scapia announces Rs 20 crore Esop buyback - The Economic Times
Travel fintech Scapia has launched a Rs 20 crore employee stock ownership plan buyback. Eligible employees can now sell up to ten percent of their vested options. This initiative follows a recent $63 million funding round led by General Catalyst. The company, founded in 2022, offers travel bookings and co-branded credit cards. Scapia has now raised a total of $135 million in funding.







