Table of Contents Show
India’s growing fintech landscape has a new milestone to note, travel fintech startup Scapia has successfully closed a $63 million funding round led by global venture firm General Catalyst. Existing investors Peak XV Partners and Z47 also participated in the round, reaffirming their sustained confidence in the company’s trajectory. This latest raise follows a $40 million Series B round secured in April 2025 led by Peak XV Partners, with participation from Elevation Capital, Z47, and 3State Ventures signalling that Scapia continues to attract strong institutional backing across successive rounds.
A Distinctive Business Model
Founded by Anil Goteti, Scapia operates at the intersection of travel and financial services. The company offers co-branded credit cards in partnership with Federal Bank and BOBCARD, and holds the distinction of being the first company in India to launch a dual network co-branded card spanning both Visa and RuPay networks. This positions Scapia as a genuine innovator within India’s domestic financial ecosystem, addressing a gap that established players had largely overlooked.
Beyond credit cards, Scapia has meaningfully broadened its product suite over the past six months. New offerings include Scapia Pay, a UPI based rewards product, add on credit cards, bill payment services through BBPS, Scapia Store, and Scapia Experiences. The platform also provides travel rewards through Scapia Coins, redeemable across flights, hotels, trains, buses, visa services, and curated experiences. International travellers additionally benefit from zero forex markup on overseas spends and airport privileges spanning dining, retail, and duty free services, alongside traditional lounge access.
Strong Growth Metrics
Scapia’s operational performance reflects considerable momentum. Flight bookings have grown 5–6X over the past year, while stays bookings expanded 8X during the same period. Tier-II and Tier-III cities are contributing an increasing share of bookings, indicating that the platform’s relevance is extending well beyond major urban centres.
Financially, operating revenue grew to ₹29 crore in FY25 from ₹17 crore in FY24. Net losses narrowed from ₹88 crore in FY24 to ₹83 crore in FY25, reflecting gradual improvement in the company’s financial health.
The Road Ahead
A significant portion of the fresh capital will be deployed toward building an AI-native organisation, with focused hiring across engineering, product, data science, and design functions. As Indian consumers increasingly integrate travel and digital finance, Scapia’s differentiated positioning and expanding ecosystem make it a compelling name to watch in the evolving travel fintech space.
Also Read: Neurotech Firm Sychedelic Raises $3.5 Million to Scale AI-Driven Mental Wellness Device
