According to Mint, travel fintech startup Scapia has raised $63 million in a Series C round led by General Catalyst, with continued participation from existing investors Peak XV Partners and Z47. Per Mint, the round was an all-primary financing with no secondary transactions. The company operates a travel marketplace for flight bookings and travel products and offers co-branded credit cards in partnerships with Federal Bank and Bank of Baroda, Mint reports. Quoted in Mint, founder and CEO Anil Goteti said, “We’re still very young and very small in terms of the largeness of India. There’s a large opportunity to scale the business into a larger customer base.” Mint also cites a joint report by Redseer Strategy Consultants on rising Gen Z travel spend.
