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 funding comes nearly a year after the company raised $40 million in its Series B round led by Peak XV Partners in April 2025, with participation from Elevation Capital, Z47 and 3State Ventures.
Founded by Anil Goteti, Scapia operates at the intersection of travel and fintech, offering co-branded credit cards and travel-focused financial products. The startup 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 spanning Visa and RuPay.
The company said its flight bookings have grown 5-6X over the past year, while stays bookings expanded 8X during the same period. It also noted that Tier-II and Tier-III cities are contributing an increasing share of bookings on the platform.
Scapia has also shown growth in its financial performance. The company’s operating revenue increased to Rs 29 crore in FY25 from Rs 17 crore in FY24. Its net loss narrowed to Rs 83 crore in FY25 compared to Rs 88 crore in the previous fiscal year.
Over the past six months, the startup has expanded beyond credit cards into a broader travel ecosystem with products including Scapia Pay, a UPI-based rewards offering, add-on credit cards, bill payment services through BBPS, Scapia Store and Scapia Experiences.
The company offers travel rewards in the form of Scapia Coins, which can be redeemed across flights, hotels, trains, buses, visa services and experiences. It also provides zero forex markup on international spends and airport privileges covering dining, retail and duty-free services in addition to traditional lounge access.
According to the company, a significant portion of the new capital will be deployed towards building an AI-native organisation and hiring talent across engineering, product, data science and design functions.
