Scapia Secures Fresh Funding Round
Travel-fintech startup Scapia has raised $63 million in a new funding round led by General Catalyst.
The round also saw participation from existing investors:
- Peak XV Partners
- Z47
The latest funding comes nearly a year after Scapia raised $40 million in its Series B round in April 2025.
Operating at the Intersection of Travel and Fintech
Founded by Anil Goteti, Scapia combines travel services with financial products, positioning itself as a travel-first fintech platform.
The company offers:
- Co-branded credit cards
- Travel rewards products
- UPI-based payment offerings
- Travel booking solutions
Scapia partners with:
- Federal Bank
- BOBCARD
for its card products.
The startup claims to be India’s first company to introduce a dual-network co-branded card integrating both Visa and RuPay.
Strong Growth in Travel Bookings
Scapia reported substantial growth across travel categories over the past year.
Growth Highlights:
- Flight bookings increased 5–6X
- Hotel and stays bookings grew 8X
- Tier-II and Tier-III cities contributed increasing booking volumes
The data indicates rising demand for digital travel platforms beyond metro cities.
Expanding Beyond Credit Cards
Over the last six months, Scapia has expanded its offerings into a broader travel ecosystem.
New services include:
- Scapia Pay (UPI-based rewards platform)
- Add-on credit cards
- BBPS bill payment services
- Scapia Store
- Scapia Experiences
The company is attempting to build a complete travel and financial ecosystem under one platform.
Travel Rewards and Customer Benefits
Scapia offers users reward points through Scapia Coins, which can be redeemed across multiple services:
- Flights
- Hotels
- Trains
- Bus bookings
- Visa services
- Travel experiences
Additional features include:
- Zero forex markup on international spending
- Airport dining benefits
- Retail and duty-free privileges
- Lounge access benefits
Financial Performance Improves
Scapia also reported improved financial metrics.
FY25 Performance:
- Operating revenue: ₹29 crore
- FY24 revenue: ₹17 crore
- Net loss reduced to ₹83 crore
- Previous loss: ₹88 crore
The startup showed revenue growth while slightly reducing losses.
Focus on AI-Native Growth
According to the company, a major portion of the fresh capital will support:
- Building an AI-native organization
- Hiring engineering talent
- Expanding product teams
- Strengthening data science capabilities
- Scaling design functions
AI is increasingly becoming a strategic priority across technology startups.
Final Thoughts
Scapia’s latest funding round highlights growing investor confidence in travel-fintech platforms that blend financial services with customer experiences.
With strong booking growth, expanding product offerings, and increasing adoption from smaller cities, the startup is positioning itself as more than just a credit-card company.
As digital travel and fintech continue converging, Scapia appears focused on building a larger ecosystem designed around modern travelers.
