Travel-fintech startup Scapia has raised $63 million in a fresh funding round led by General Catalyst, with participation from existing investors Peak XV Partners and Z47. The latest investment comes nearly a year after the company secured $40 million in its Series B funding round in April 2025.
The previous round was led by Peak XV Partners and included participation from Elevation Capital, Z47, and 3State Ventures. With the new capital infusion, Scapia aims to strengthen its position in India’s rapidly growing travel and fintech market while expanding its AI-driven ecosystem.
Founded by Anil Goteti, Scapia operates at the intersection of travel and financial technology. The startup offers co-branded credit cards and travel-focused financial products designed for modern travellers. The company partners with Federal Bank and BOBCARD for its credit card offerings and claims to be the first company in India to launch a dual-network co-branded card supporting both Visa and RuPay.
Scapia has witnessed strong business growth over the past year. According to the company, flight bookings on its platform grew by 5-6X, while hotel and stay bookings expanded nearly 8X during the same period. The startup also highlighted increasing traction from Tier-II and Tier-III cities, indicating rising digital adoption among travellers beyond metro markets.
The startup has also improved its financial performance. Scapia’s operating revenue rose to Rs 29 crore in FY25 from Rs 17 crore in FY24. At the same time, its net loss narrowed slightly to Rs 83 crore in FY25 compared to Rs 88 crore in the previous financial year.
Over the last six months, the company has expanded beyond its core credit card business to build a broader travel ecosystem. Its offerings now include Scapia Pay, a UPI-based rewards platform, add-on credit cards, BBPS-enabled bill payment services, Scapia Store, and Scapia Experiences.
Scapia rewards users through its loyalty programme called Scapia Coins, which can be redeemed across flights, hotels, trains, buses, visa services, and travel experiences. The platform also provides zero forex markup on international transactions along with airport benefits including dining, shopping, retail, duty-free access, and lounge privileges.
The company stated that a significant portion of the newly raised funds will be used to build an AI-native organisation. Scapia is also planning to expand its workforce by hiring talent across engineering, product development, data science, and design teams.
With rising demand for integrated travel and fintech solutions in India, Scapia’s latest funding round highlights growing investor confidence in startups combining digital payments, rewards, and travel experiences into a single platform.
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