Scapia Raises $63 Million Led by General Catalyst to Scale Travel-Fintech Play
Scapia, the Bengaluru-based travel-fintech company, has raised $63 million in a fresh funding round led by US-based venture firm General Catalyst, with continued participation from existing investors Peak XV Partners and Z47. The round, announced on May 21, 2026, takes the company's total equity funding to approximately $135 million across four rounds, and arrives just over a year after its $40 million Series B closed in April 2025 at a post-money valuation of ₹1,650 crore ($192 million).
The company has indicated that the capital will be deployed to scale to millions of customers across India, sharpen its product suite, build brand presence and accelerate its transition to an AI-first organisation. The announcement also follows reporting earlier this year that Scapia was in talks to raise roughly $50 million, with the final round size landing materially higher.
Founded in January 2022 by Anil Goteti, a former Flipkart and Qualcomm executive and an alumnus of IIT Madras, the University of Illinois Urbana-Champaign and Northwestern University's Kellogg School of Management, Scapia operates at the intersection of two of India's strongest secular trends: the explosion of travel among young Indians and the rapid adoption of digital financial products. The company offers co-branded credit cards in partnership with Federal Bank and BOBCARD, and was the first in India to launch a dual-network co-branded credit card spanning both Visa and RuPay.
According to the company, flight bookings on the platform have grown 5–6x and stays bookings have grown 8x compared to the previous year, with Tier-2 and Tier-3 cities driving a growing share of transactions. Scapia's co-branded credit cards now serve users across 17,500+ pincodes in India and are accepted by millions of merchants in over 150 countries. Tracxn data places Scapia at the top of its segment, ranked first among eight competitors, ahead of London-based Yonder and New York-based Rove on platform depth and India market share.
"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," said Anil Goteti, Founder and CEO, Scapia.
A significant portion of the new round will go towards strengthening the Scapia brand across India and building what the company describes as a world-class AI-native organisation. Scapia has flagged India's Gen Z population — among the largest globally — as both a consumer base that expects intelligent, personalised products and a talent pool capable of building them. The capital will be channelled into hiring across engineering, product, data sciences and design, alongside continued investment in the rewards economy underpinning the Scapia Coins ecosystem, which can be earned on domestic spends and redeemed against flights, trains, buses, stays, experiences and visa services.
Over the past six months, the company has shipped a string of new products including Scapia Pay, a rewards-first UPI experience, add-on credit cards, credit card bill payments across all banks via BBPS, the Scapia Store and Scapia Experiences. A pioneer in zero forex markup on international spends, Scapia has also extended its Airport Privileges proposition beyond traditional lounge access into dining, retail and duty-free experiences — a shift that resonates with usage data showing that one in three Scapia users now prefer shopping and dining over lounge access at airports.
The funding trajectory underscores how quickly the company has scaled investor conviction. The table below summarises Scapia's equity funding history as captured by Tracxn and public disclosures.
| Round | Date | Amount | Lead / Key Investors | Post-Money Valuation |
|---|---|---|---|---|
| Seed | Jun 2022 | $9.1M | Z47, Three State Capital, Tanglin Venture Partners | $36.5M |
| Series A | Nov 2023 | $23M | Elevation Capital, Tanglin, Z47 | $99.9M |
| Series B | Apr 2025 | $40M | Peak XV Partners, Elevation Capital, Z47 | $192M (₹1,650Cr) |
| Latest Round | May 2026 | $63M | General Catalyst (lead), Peak XV Partners, Z47 | Not disclosed |
"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," said Neeraj Arora, CEO India & MENA at General Catalyst.
The deal also reflects Scapia's positioning within the broader Indian alternative payments landscape, which has attracted over $418 million in startup funding since 2020 according to industry trackers, with 2025 marking a peak in deal activity. Its financial profile remains that of a high-growth, loss-making consumer fintech: revenue rose to ₹40.4 crore in FY25 from ₹24.2 crore in FY24 — a year-on-year growth of 67% — while net losses narrowed marginally to ₹83.1 crore from ₹88 crore. Employee count has climbed to 145 as of August 2025, up 65% year-on-year.
"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," said Sakshi Chopra, Peak XV Partners.
"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," added Vikram Vaidyanathan, Managing Director, Z47.
About Scapia
Scapia is a travel-fintech company driven by the belief that travel enriches both individuals and the world around them. With a commitment to delivering delightful and rewarding experiences at every step, Scapia offers an integrated platform that brings together travel services and financial products. In partnership with leading banks, Scapia offers co-branded credit cards with Federal Bank and BOBCARD, enabling users to earn travel rewards seamlessly across their spending. Scapia co-branded credit cards today serve users across 17,500+ pincodes in India and are accepted by millions of merchants in over 150 countries worldwide. Scapia is backed by leading investors including General Catalyst, Peak XV Partners, Elevation Capital and Z47.