Indian travel-fintech startup Scapia has raised $63 million in a fresh funding round led by General Catalyst, as the company looks to strengthen its position in India’s rapidly expanding travel and digital payments ecosystem.
The latest round also saw participation from existing investors Peak XV Partners and Z47.
The funding comes less than a year after Scapia raised $40 million in its Series B financing round in April 2025, which was led by Peak XV Partners with participation from Elevation Capital, Z47 and 3State Ventures.
Industry analysts believe the latest investment highlights growing investor confidence in startups operating at the intersection of fintech, travel and artificial intelligence.
Scapia Expands Beyond Credit Cards
Founded by Anil Goteti, Scapia operates as a travel-focused fintech platform offering co-branded credit cards and integrated travel financial products.
The company partners with Federal Bank and BOBCARD for its card offerings.
Scapia claims to be the first company in India to launch a dual-network co-branded credit card operating across both Visa and RuPay networks.
Over the last six months, the startup has expanded beyond traditional credit card offerings into a broader travel ecosystem.
Its newer products include Scapia Pay, a UPI-based rewards platform, add-on credit cards, BBPS-enabled bill payment services, Scapia Store and curated travel experiences.
The company’s loyalty ecosystem revolves around Scapia Coins, which users can redeem across flights, hotels, train bookings, bus tickets, visa services and travel experiences.
Additionally, the platform offers zero forex markup on international transactions along with airport-related privileges covering dining, retail and duty-free services.
Travel Demand Growth Fuels Expansion
Scapia said it has witnessed rapid growth across its travel business over the past year.
According to the company, flight bookings on the platform grew between five and six times during the period, while hotel and stays bookings expanded nearly eightfold.
The startup also noted rising contribution from Tier-II and Tier-III cities, reflecting growing digital travel adoption beyond major metropolitan markets.
Industry experts believe India’s expanding middle class, increasing smartphone penetration and rising preference for digital travel services are driving strong momentum across travel-fintech platforms.
The rapid recovery and expansion of India’s travel sector after the pandemic has also created significant opportunities for companies combining payments, rewards and travel services into integrated platforms.
Financial Performance Shows Improvement
Scapia has also reported improvement in its financial performance.
The company’s operating revenue rose to ₹29 crore in FY25 compared to ₹17 crore in FY24.
Meanwhile, its net loss narrowed slightly to ₹83 crore in FY25 from ₹88 crore in the previous financial year.
Although the company remains loss-making, investors appear optimistic about its long-term growth potential and expanding product ecosystem.
AI-Native Expansion Becomes Key Focus
According to Scapia, a significant portion of the newly raised capital will be used to build an AI-native organisation.
The company plans to strengthen hiring across engineering, product, data science and design functions as it expands its technology infrastructure.
Industry observers say AI is becoming increasingly important across travel and fintech businesses, particularly in areas such as customer experience, recommendations, fraud detection, dynamic pricing and personalised rewards.
The investment also reflects the broader trend of venture capital firms backing startups building AI-driven consumer platforms with integrated financial ecosystems.
As competition intensifies across India’s travel and fintech sectors, companies like Scapia are increasingly focusing on technology-led differentiation, customer engagement and loyalty-driven ecosystems to scale rapidly in the country’s growing digital economy.