May 21: Scapia, one of India’s travel-fintech companies, has raised $63 million in a round led by General Catalyst, with continued participation from existing investors Peak XV Partners and Z47. With this round, Scapia will scale to millions of customers across India and accelerate its AI-first approach to building products and teams.
Anil Goteti, Founder and CEO, Scapia, said:
“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.”
Scapia has built a travel-first financial platform entirely around how a young, travel-obsessed generation of Indians discovers, plans, books and experiences travel, sitting at the intersection of two of the country’s strongest secular trends, the explosion of travel among young Indians and the rapid adoption of digital financial products. Flight bookings on the platform have grown 5-6x and Stays by 8x, compared to last year, with Tier-2/3 cities driving a growing share of bookings.
A significant portion of this round will go towards strengthening the Scapia brand across India and building a world-class AI-native organisation. India is home to one of the largest Gen Z populations in the world, a generation that is instinctively comfortable with AI, making it both a consumer base that expects intelligent, personalised products and a talent pool that can help build them. This round will further fuel the company’s ability to attract and retain top AI talent across engineering, product, data sciences and design.
Neeraj Arora, CEO India & MENA at General Catalyst, said:
“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.”
Sakshi Chopra, Peak XV Partners, said:
“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.”
Vikram Vaidyanathan, Managing Director, Z47, said:
“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.”
Scapia offers co-branded credit cards in partnership with Federal Bank and BOBCARD, and was the first company in India to launch a dual-network co-branded credit card spanning both Visa and RuPay. A pioneer in zero forex markup on international spends, Scapia also introduced Airport Privileges going well beyond traditional lounge access into dining, retail and duty-free experiences. One in three Scapia users now prefer shopping and dining over traditional lounge access, a shift the company’s Airport Privileges feature was built to serve.
Over the last six months, Scapia has introduced a series of new products and features including Scapia Pay, a rewards-first UPI experience, add-on credit cards, credit card bill payments across all banks via BBPS, the Scapia Store, Scapia Experiences and more. The company’s rewards, in the form of Scapia Coins, can be earned on domestic spends and redeemed across travel bookings covering flights, trains, buses, stays, experiences, visa services etc. Together, this makes for a product suite that is uniquely Scapia and one that very few players in India can offer end-to-end. With this round, Scapia will further scale and strengthen what is already one of India’s most comprehensive travel ecosystems, powered by a financial product at its core.