Scapia Secures $63 Million in Funding

Scapia, the innovative travel-fintech startup, has successfully raised $63 million in a recent funding round led by General Catalyst, alongside contributions from existing investors Peak XV Partners and Z47. This latest funding follows nearly a year after the company’s previous raise of $40 million in its Series B round, also led by Peak XV Partners in April 2025, which included participation from Elevation Capital, Z47, and 3State Ventures.

About Scapia and Its Unique Offerings

Founded by Anil Goteti, Scapia operates at the convergence of travel and fintech, providing co-branded credit cards along with financial products tailored for travellers. The startup collaborates with Federal Bank and BOBCARD for its credit card solutions, claiming to be the first entity in India to introduce a dual-network co-branded card featuring both Visa and RuPay.

Impressive Growth Metrics

The company reported a remarkable surge in flight bookings, achieving growth of 5-6X over the last year, while hotel stay bookings soared 8X during the same timeframe. Additionally, it highlighted that Tier-II and Tier-III cities are progressively contributing a larger percentage of bookings on the platform.

Financial Performance Highlights

Scapia has also delivered positive growth in its financial results. The operating revenue increased to Rs 29 crore in FY25, an increase from Rs 17 crore in FY24. Furthermore, its net loss decreased to Rs 83 crore in FY25, down from Rs 88 crore in the previous fiscal year.

Expanding Offerings beyond Credit Cards

In the past six months, Scapia has broadened its focus beyond credit cards to create a more comprehensive travel ecosystem, introducing products like Scapia Pay, a UPI-based rewards scheme, add-on credit cards, bill payment services through BBPS, Scapia Store, and Scapia Experiences.

Rewards and Benefits

The company offers enticing travel rewards in the form of Scapia Coins, which can be redeemed for flights, hotels, trains, buses, visa services, and various experiences. Moreover, it provides zero forex markup on international transactions and airport privileges encompassing dining, retail, and duty-free sales, in addition to standard lounge access.

Investment in Future Innovations

According to Scapia, a significant portion of the newly acquired capital will be allocated towards establishing an AI-native organisation and recruiting skilled talent across areas including engineering, product development, data science, and design.