Scapia, an Indian travel-fintech company, announced it has raised $63 million in a funding round led by General Catalyst, with continued participation from existing investors Peak XV Partners and Z47. The company said the funding will be used to accelerate growth across India, strengthen its AI-first product strategy, expand its brand presence, and hire top AI talent across engineering, product, data science, and design.
Founded by Anil Goteti, Scapia has built a travel-first financial platform targeting younger Indian consumers who increasingly view travel as a lifestyle rather than an aspiration. The company combines travel booking services with financial products, including co-branded credit cards, rewards programs, airport privileges, and UPI-based payment offerings.
According to the company, flight bookings on the platform increased 5 to 6 times year-over-year, while stays bookings grew 8 times compared to last year. The company also noted growing traction from Tier-2 and Tier-3 cities across India.
Scapia said it plans to deepen its AI-native approach to both product development and organizational design. The company believes India’s large Gen Z population represents both a customer base that expects AI-powered personalization and a talent pool capable of building next-generation AI-driven products.
The company currently offers co-branded credit cards through partnerships with Federal Bank and BOBCARD. Scapia said it was the first company in India to introduce a dual-network co-branded credit card supporting both Visa and RuPay networks. The platform also pioneered zero forex markup on international spending and expanded airport benefits beyond traditional lounge access to include dining, retail, and duty-free experiences.
Over the last six months, the company launched several additional products and services, including Scapia Pay, add-on credit cards, bill payments through BBPS, the Scapia Store, and Scapia Experiences. Users can earn Scapia Coins through spending and redeem them across travel-related services including flights, trains, buses, hotel stays, experiences, and visa services.
Scapia said its co-branded credit cards now serve users across more than 17,500 pincodes in India and are accepted by merchants in more than 150 countries worldwide.
KEY QUOTES:
“We are excited to have General Catalyst join us as a partner, and the continued investment from Peak XV and Z47 is a strong validation of what we have built and where we are headed. Today, Scapia is a comprehensive travel ecosystem powered by a financial product at its core, designed for a generation of Indians that treats travel as a way of life. 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.”
Anil Goteti, Founder and CEO, Scapia
“India’s next wave of great consumer companies will be built around behaviors 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.”
Neeraj Arora, CEO India & MENA, General Catalyst
“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.”
Sakshi Chopra, Peak XV Partners
“We have backed Scapia since their very first round, and every round since has only deepened our conviction. From the dual-network card to Scapia Pay to Airport Privileges, few teams in Indian fintech have shipped this much, this fast, while staying disciplined on compliance. As consumer experiences turn AI-native, we are convinced Scapia will earn its place as a household name for the modern Indian traveller.”
Vikram Vaidyanathan, Managing Director, Z47
