A significant portion of this round will go towards strengthening the Scapia brand across India and building a world-class AI-native organisation
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Travel fintech company Scapia has raised $63 million in a round led by General Catalyst, with continued participation from existing investors Peak XV Partners and Z47.The company will deploy the funds to expand its product portfolio across its financial services and travel segments.Anil Goteti, Founder and CEO, Scapia, said: “This round will help us strengthen our product suite further, bring more value to our customers through more offerings, scale the brand and bring in the best talent as we double down on building an AI-first culture and product approach. Our focus remains unchanged: building products that help our users travel and lead richer lives.”Scapia’s core business model revolves around offering a co-branded credit card that offers additional points and rewards during travel, across hotel and flight bookings, and also at airport lounges. The platform offers all travel-related bookings to its users along with travel-focused merchandise. Flight bookings on the platform have grown 5-6x and Stays by 8x, compared to last year, with Tier-2/3 cities driving a growing share of bookings.Founded in 2022 by ex-Flipkart senior executive Goteti, Scapia has already raised $72 million till date. With this new infusion the total funding raised by the start-up has gone up to $135 million. Elevation Capital and Tanglin Ventures are two of the fintech’s other investors.Scapia has built a travel-first financial platform entirely around how a young, travel-obsessed generation of Indians discovers, plans, books and experiences travel, sitting at the intersection of two of the country’s strongest secular trends, the explosion of travel among young Indians and the rapid adoption of digital financial products.A significant portion of this round will go towards strengthening the Scapia brand across India and building a world-class AI-native organisation. This round will further fuel the company’s ability to attract and retain top AI talent across engineering, product, data sciences and design.Neeraj Arora, CEO India & MENA at General Catalyst, said “India’s next wave of great consumer companies will be built around behaviours that are genuinely new — not just digital versions of what came before. Scapia understood early that a generation of Indians for whom travel is a baseline expectation, not an aspiration, needed a financial product designed around that identity. The 7x customer growth last year and the depth of what they’ve built across the travel stack give us real confidence in where this goes. We’re glad to be part of it.”Sakshi Chopra, Peak XV Partners, said: “As travel becomes an important part of how young Indians live and spend, consumers are looking for financial products built around that behaviour. Scapia has created a seamless travel-fintech experience spanning payments, rewards, zero forex markup and travel benefits in a way that deeply resonates with users. The team has combined strong product thinking with sharp execution, and we are excited to continue partnering with them as they scale.”Over the last six months, Scapia has introduced a series of new products and features including Scapia Pay, a rewards-first UPI experience, the Scapia Store, Scapia Experiences and more. The company’s rewards, in the form of Scapia Coins, can be earned on domestic spends and redeemed across travel bookings covering flights, trains, buses, stays, experiences, visa services etc. Together, this makes for a product suite that is uniquely Scapia and one that very few players in India can offer end-to-end. With this round, Scapia will further scale and strengthen what is already one of India’s most comprehensive travel ecosystems, powered by a financial product at its core.Published on May 21, 2026
