Scapia, an Indian travel FinTech platform, has closed a $63m funding round led by General Catalyst, with continued backing from existing investors Peak XV Partners and Z47.
The capital will be used to grow Scapia’s customer base to millions across India and accelerate its AI-first approach to product development and team building, with hiring focused on engineering, product, data sciences and design.
The company operates at the intersection of two major trends in India: the rapid growth of travel among younger consumers and the widespread adoption of digital financial products. Flight bookings on the platform have grown between five and six times year-on-year, while accommodation bookings have grown eightfold, with tier-2 and tier-3 cities accounting for an increasing share of activity. The company also recorded 7x customer growth over the past year.
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 covering both Visa and RuPay networks. The company pioneered zero forex markup on international transactions and has expanded its Airport Privileges feature beyond standard lounge access to include dining, retail and duty-free experiences. One in three users now favours shopping and dining over traditional lounge access, it claimed.
Over the past six months, Scapia has launched several new products, including Scapia Pay, a rewards-based UPI experience, alongside add-on credit cards, credit card bill payments across all banks via BBPS, the Scapia Store and Scapia Experiences. The platform’s rewards currency, Scapia Coins, can be earned on domestic spending and redeemed across flights, trains, buses, accommodation, experiences and visa services. Scapia’s co-branded credit cards are currently active across more than 17,500 pincodes in India and are accepted by merchants in over 150 countries.
Scapia founder and CEO Anil Goteti 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.”
General Catalyst CEO India & MENA Neeraj Arora 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.”
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