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Travel-fintech startup Scapia has raised USD 63 million in a fresh funding round led by General Catalyst with participation from existing investors Peak XV Partners and Z47. The latest round comes nearly a year after the company secured USD 40 million in its Series B funding in April 2025.
The new capital will be used to scale its customer base across India and strengthen its artificial intelligence-led product development strategy. Scapia aims to reach millions of users while building an AI-first organisation and expanding its teams across engineering, product, data science and design.
Founded by Anil Goteti, Scapia operates at the intersection of travel and financial services. It offers co-branded credit cards and travel-focused financial products in partnership with Federal Bank and BOBCARD. The startup claims to be the first in India to introduce a dual-network co-branded credit card that operates on both Visa and RuPay networks.
Scapia has reported strong growth in its travel segment. According to the company, flight bookings have increased five to six times over the past year, while hotel stays bookings have grown eightfold. It also noted a rising contribution from users in Tier-II and Tier-III cities.
The startup has also shown improvement in its financial performance. Its operating revenue rose to INR 29 crore in FY25 from INR 17 crore in FY24, while net losses narrowed to INR 83 crore from INR 88 crore during the same period.
In recent months, Scapia has expanded beyond credit cards to build a broader travel ecosystem. Its offerings now include Scapia Pay a UPI-based rewards product add-on credit cards, bill payments through BBPS and services such as Scapia Store and Scapia Experiences.
The platform provides travel rewards through “Scapia Coins,” which can be redeemed across flights, hotels, transport services and other experiences. It also offers zero forex markup on international transactions along with airport-related privileges.
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