General Catalyst leads $63 mn funding in Scapia
Scapia, a travel-fintech startup, secured $63 million in funding led by General Catalyst to expand its AI-driven platform and talent base. The round follows its Series B in 2025 and includes participation from Peak XV Partners and Z47, with plans to strengthen product offerings and brand presence in India.
Scapia, an India-based travel-fintech startup, has raised $63 million (about Rs 606 crore) in a funding round led by General Catalyst, with existing investors Peak XV Partners and Z47 also participating. The capital will be used to enhance the company’s brand presence in India, build an AI-focused organization, and attract AI talent across engineering, product, data sciences, and design. Founded in 2022 by Anil Goteti, Scapia offers an integrated platform combining travel services with financial products, targeting young, travel-oriented consumers. Its co-branded credit cards, issued in partnership with Federal Bank and BOBCARD, serve users across over 17,500 postal codes in India and are accepted by merchants in more than 150 countries. The startup aims to expand its product suite and customer value through this latest funding. This round marks Scapia’s continued growth, following a $40 million Series B in April 2025 led by Peak XV Partners, with contributions from Elevation Capital, Z47, and Binny Bansal’s 3STATE Capital. Earlier in 2023, the company raised $23 million in Series A funding from Elevation Capital, 3STATE Ventures, Z47, and Tanglin Venture Partners, along with a $9 million seed round from Z47, Tanglin Venture Partners, 3STATE Ventures, and angel investor Keki Mistry. General Catalyst’s CEO for India and MENA, Neeraj Arora, highlighted Scapia’s alignment with India’s evolving consumer behaviors, emphasizing its focus on financial products tailored to a generation for whom travel is a core lifestyle expectation. The funding will support Scapia’s mission to develop AI-driven products that enhance travel experiences and financial accessibility for its users. Scapia’s platform integrates seamless travel rewards, financial tools, and a user-centric approach, positioning it as a key player in India’s fintech and travel sectors. The company’s rapid scaling reflects its strategy to dominate the market by merging travel aspirations with innovative financial solutions.
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