Scapia team meeting with a large screen displaying a world map and network connections.
Travel-focused fintech startup Scapia has secured $63 million (approximately ₹600 Cr) in a new funding round spearheaded by General Catalyst, with continued participation from existing investors Peak XV Partners and Z47. This capital infusion is earmarked to significantly strengthen Scapia’s product suite and fuel its growth across India.
A substantial portion of the newly acquired funds will be allocated towards brand building initiatives. Scapia also intends to leverage this investment to accelerate its AI-first product development strategy and expand its customer base throughout India. Anil Goteti, founder and CEO of the Bengaluru-based startup, highlighted that the capital will be deployed to enhance the company’s product offerings.
Established in 2022, Scapia specializes in offering co-branded credit cards in collaboration with Federal Bank and Bank of Baroda, specifically targeting Gen Z and millennial travelers. Operating on the Visa network, these cards provide a range of benefits, including zero foreign exchange markup, unlimited domestic lounge access, and travel-centric rewards.
Complementing its credit card services, Scapia operates a travel app that enables users to book airline tickets, hotels, and domestic transportation. The company has recently introduced several new products, including Scapia Pay, a rewards-first UPI experience, add-on credit cards, a feature for paying credit card bills across all banks via BBPS, the Scapia Store, and Scapia Experiences.
This funding round follows Scapia’s $40 million Series B raise in April of the previous year, which was led by Peak XV Partners with investments from Elevation Capital and Z47. To date, Scapia has raised a total of $135 million.
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