Scapia has raised $63 million in a fresh funding round led by General Catalyst, with participation from existing investors Peak XV Partners and Z47, as the travel-focused fintech looks to deepen its presence in India’s fast-growing consumer travel and payments market.
The latest investment comes nearly a year after the Bengaluru-based startup raised $40 million in a Series B round led by Peak XV Partners. The company has been expanding its travel and financial services ecosystem targeting Gen Z and millennial consumers through co-branded credit cards, travel bookings, rewards, and AI-driven services.
Founded in 2022 by former Flipkart executive Anil Goteti, Scapia offers a travel-focused credit card in partnership with Federal Bank. The platform combines travel bookings, rewards, airport privileges, zero forex markup, and travel financing options under a single app experience aimed at younger travelers.
The fresh funding is expected to support expansion across product development, AI integration, customer acquisition, and banking partnerships as competition intensifies in India’s travel fintech segment. The company has increasingly positioned itself at the intersection of consumer finance and digital travel experiences, an area attracting growing investor interest amid rising outbound and domestic travel demand.
Industry interest in the segment has accelerated as younger consumers increasingly adopt co-branded cards and digital-first travel products. Investors have pointed to the growing convergence of travel spending, rewards-led financial products, and UPI-driven digital payments as a major long-term opportunity in India.
Scapia has also been expanding beyond traditional card offerings. Over the past year, the company introduced additional services including train bookings, visa support, curated travel experiences, airport privileges, and a RuPay card variant designed for UPI-linked spending.
The latest round also adds to General Catalyst’s growing India investment portfolio, as the global venture capital firm continues to increase exposure across fintech, AI, consumer internet, healthcare, and industrial technology sectors.
