Scapia Raises $63M for India Travel-Fintech Growth

Scapia, a prominent player in India's travel-fintech sector, has successfully closed a significant funding round totaling $63 million. The investment was spearheaded by US-based venture capital firm General Catalyst, with continued backing from existing investors Peak XV Partners and Z47. This latest infusion of capital propels Scapia's total equity funding to approximately $135 million, underscoring robust investor confidence in its growth trajectory.

The newly acquired funds are earmarked for aggressive scaling initiatives across India, aiming to reach millions of new customers. Scapia also plans to refine its product offerings, enhance its brand visibility, and accelerate its strategic shift towards an AI-first operational model. This funding announcement follows earlier reports indicating Scapia was in discussions for a $50 million round, with the final amount exceeding expectations.

Founded in early 2022 by Anil Goteti, a seasoned executive with prior experience at Flipkart and Qualcomm, Scapia strategically targets two of India's most dynamic consumer trends: the burgeoning travel enthusiasm among young Indians and the widespread adoption of digital financial services. The company's core product involves co-branded credit cards, developed in collaboration with Federal Bank and BOBCARD. Notably, Scapia pioneered the introduction of a dual-network co-branded credit card in India, supporting both Visa and RuPay payment systems.

Scapia's platform has witnessed remarkable expansion, with flight bookings surging 5-6 times and accommodation bookings growing an impressive 8 times year-over-year. The company reports that a substantial portion of its transaction volume now originates from Tier-2 and Tier-3 cities, highlighting a broadening customer base. Its co-branded credit cards are now utilized by customers across over 17,500 pincodes nationwide and are accepted by millions of merchants globally in more than 150 countries. Industry data positions Scapia as a leader in its competitive segment within India.

“We are thrilled to welcome General Catalyst as a new partner, and the sustained commitment from Peak XV Partners and Z47 serves as a powerful endorsement of our vision and execution,” stated Anil Goteti, Founder and CEO of Scapia. “Scapia has evolved into a comprehensive travel ecosystem, anchored by a sophisticated financial product designed for a generation that views travel as integral to their lifestyle. This funding will empower us to further enhance our product suite, deliver greater value through expanded offerings, amplify our brand presence, and attract top talent as we intensify our focus on building an AI-first culture and product strategy.”

A significant portion of the investment will be dedicated to strengthening Scapia's brand presence throughout India and cultivating a world-class, AI-native organization. The company recognizes India's large Gen Z demographic as both a key consumer segment demanding personalized digital experiences and a rich source of talent for product development. Funds will be allocated to hiring across engineering, product, data sciences, and design, alongside continued investment in the Scapia Coins loyalty program. This ecosystem rewards users for domestic spending and allows redemption for a wide array of travel and lifestyle services.

The Indian alternative payments market has seen substantial investor interest, attracting over $418 million in startup funding since 2020. Scapia's financial performance reflects its high-growth phase, with revenues increasing by 67% to ₹40.4 crore in FY25 from ₹24.2 crore in FY24, while net losses saw a marginal reduction. The company's workforce has also expanded significantly, reaching 145 employees by August 2025.