India’s travel fintech sector continues to witness strong investor interest as digital-native consumers increasingly seek integrated financial and travel experiences. In the latest development, Scapia 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 fresh capital will be used to scale its customer base across India while accelerating its AI-first strategy across products, operations, and organisational development.
Anil Goteti said: “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.”
Founded around the idea of building a travel-first financial ecosystem, Scapia operates at the intersection of two rapidly growing trends in India — the rise of digital financial adoption and the growing travel aspirations of younger consumers. The company has built a platform focused on how modern Indian travellers discover, plan, book, and experience travel experiences through integrated financial tools and rewards systems.
According to the company, flight bookings on the platform have grown 5-6 times year-on-year, while stays have increased nearly 8 times compared to the previous year. The startup also noted growing demand from Tier-2 and Tier-3 cities, which are contributing an increasing share of overall bookings.
A substantial portion of the newly raised funding will also be directed toward building an AI-native organisation and strengthening the Scapia brand across India. The company plans to expand teams across engineering, product development, data science, and design as it deepens its focus on artificial intelligence-driven consumer experiences.
Neeraj Arora 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. We’re glad to be part of it.”
Sakshi Chopra said: “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.”
Vikram Vaidyanathan said: “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.”
Scapia currently offers co-branded credit cards in partnership with Federal Bank and BOBCARD. The company was also the first in India to launch a dual-network co-branded credit card supporting both Visa and RuPay networks.
The startup has positioned itself as an early mover in zero forex markup offerings for international spending while also expanding airport-related experiences beyond traditional lounge access into dining, shopping, and duty-free benefits. According to the company, one in three users now prefer shopping and dining experiences over conventional lounge access.
Over the last six months, the company has expanded its ecosystem with multiple new offerings including Scapia Pay, add-on credit cards, BBPS-enabled bill payments, Scapia Store, and travel-focused experiences. Its rewards ecosystem, powered by Scapia Coins, enables users to earn and redeem points across flights, trains, buses, hotels, visa services, and travel experiences.
The latest funding round reflects the broader momentum within India’s fintech and travel sectors, where companies leveraging artificial intelligence, embedded finance, and experience-driven ecosystems are increasingly shaping the next generation of digital consumer platforms.
