Travel-focused fintech startup Scapia has raised $63 million in a Series C funding round led by General Catalyst, with participation from existing investors Peak XV Partners and Z47, according to livemint.com and inc42.com. The Bengaluru-based company plans to use the capital to scale its AI-led products, expand partnerships, and grow its Gen Z user base.
Founded in 2022 by CEO Anil Goteti, Scapia offers co-branded credit cards in partnership with Federal Bank and Bank of Baroda, targeting Gen Z and millennial travelers. These cards operate on the Visa network and provide benefits such as zero forex markup, unlimited domestic lounge access, and travel-focused rewards. The startup also runs a travel app for booking flights, hotels, and domestic transport. Over the past six months, Scapia has launched new products including Scapia Pay, a rewards-first UPI experience, add-on credit cards, credit card bill payments via BBPS, the Scapia Store, and Scapia Experiences, as reported by inc42.com.
This funding round follows Scapia’s $40 million Series B raise in April last year and reflects growing investor confidence in travel fintech solutions tailored for younger demographics. The infusion will support brand building and accelerate Scapia’s AI-first approach to product development, positioning it to compete in the expanding travel fintech market in India, where personalized financial products for travelers are gaining traction.
Scapia plans to deploy the fresh funds to enhance its product suite and increase its customer base across India. The company aims to strengthen its AI capabilities and expand partnerships to deliver innovative travel fintech services, with milestones to watch including new product launches and user growth metrics in the coming months, according to inc42.com and livemint.com.