Firm Matters

Khaitan & Co advised General Catalyst in relation to its investment in the series C round of Scapia Technology Pvt Ltd (“Scapia”) (lead by General Catalyst) for a total consideration of ~USD 63 million.

Scapia is a private company engaged in the business of providing travel related services including, visa processing services, tour packages, transport and accommodation bookings. Scapia is also engaged in marketing and distributing co-branded credit cards (including for travel), providing unified payment interface services through the ‘Scapia app’, providing credit card bill payment services via Bharat Bill Payment System and providing credit card reward management services.  

The Firm assisted General Catalyst in (i) conducting legal due diligence on Scapia; (ii) reviewing and negotiating the transaction documents; and (iii) 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.