Travel-fintech startup Scapia has raised $63 million in a funding round led by General Catalyst, with participation from existing investors Peak XV Partners and Z47.
With this round, Scapia will focus on scaling its business across India and accelerate its AI-first approach to building products and teams.
Scapia, which offers co-branded credit cards in partnership with Federal Bank and BOBCARD, said it became the first company in India to launch a dual-network co-branded credit card spanning both Visa and RuPay.
The startup offers zero forex markup on international spends and has also introduced Airport Privileges, extending beyond traditional lounge access to include dining, retail and duty-free experiences.
Over the last six months, it has rolled out several new products and features, including Scapia Pay, a rewards-first UPI experience, add-on credit cards, credit card bill payments across all banks via BBPS, the Scapia Store, and Scapia Experiences.
Users earn rewards in the form of Scapia Coins on domestic spends, which can be redeemed across travel bookings including flights, trains, buses, hotel stays, experiences and visa services.
Scapia said the newly raised funds will be used to strengthen its brand presence across India and build an AI-native organisation. The startup also plans to hire and retain top AI talent across engineering, product, data science and design.
“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,” said Anil Goteti, Founder and CEO, Scapia.
Neeraj Arora, CEO India & MENA at General Catalyst, said, “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.”
