Bengaluru: Travel-focused fintech startup Scapia has raised $63 million (approximately ₹600 crore) in a fresh funding round led by General Catalyst, with participation from existing investors Peak XV Partners and Z47. The funding marks a significant milestone for the Bengaluru-based company as it looks to accelerate growth, strengthen its product offerings, and expand its presence in India’s rapidly growing travel-fintech segment.
A substantial portion of the newly raised capital will be invested in brand building and customer acquisition initiatives. The company also plans to deepen its AI-first approach to product development and talent acquisition, leveraging artificial intelligence to enhance customer experiences and drive operational efficiency.
Commenting on the development, Founder and CEO Anil Goteti said that part of the funding will be deployed to strengthen Scapia’s product suite as the company continues to build differentiated offerings for modern travellers.
Founded in 2022 by Goteti, Scapia operates at the intersection of travel and financial services, offering co-branded credit cards in partnership with Federal Bank and Bank of Baroda. The platform is specifically designed for Gen Z and millennial consumers, providing travel-centric rewards, seamless booking experiences, and digital-first financial solutions.
The latest fundraise comes at a time when travel spending in India is witnessing strong momentum, driven by rising disposable incomes, increasing digital adoption, and growing demand for personalised travel experiences. Fintech companies catering to lifestyle-focused use cases have also attracted significant investor interest as consumers increasingly seek integrated financial and travel solutions.
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With fresh capital in hand, Scapia aims to scale its customer base across India, expand its technology capabilities, and reinforce its position as a leading travel-focused fintech platform. The company’s focus on AI-driven innovation, combined with strategic banking partnerships, is expected to support its next phase of growth in the competitive consumer fintech landscape.
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