Bengaluru-based travel-fintech startup Scapia has raised $63 million in a funding round led by General Catalyst, with participation from existing investors Peak XV Partners and Z47. The company plans to use the capital to deepen its travel and financial services offerings and expand its AI-led product development.
Funding Details and Growth
The fundraise comes just over a year after Scapia raised $40 million in a Series B round led by Peak XV Partners. Founder and CEO Anil Goteti told TOI that the fresh capital will be used to continue building a full-stack “travel fintech” platform. The platform spans co-branded credit cards, UPI payments, travel bookings, airport benefits, and commerce offerings.
Product Expansion
Scapia partners with banks to offer co-branded credit cards and has launched products including Scapia Pay, airport dining and shopping rewards, and travel-focused commerce features. Goteti emphasized the goal of making the experience seamless on both the travel and financial services sides.
Platform Performance
According to the company, flight bookings on the platform have grown 5-6 times year-on-year, while hotel stays have risen 8 times. Domestic travel continues to dominate, accounting for 80-85% of bookings. Goteti noted that consumers are altering destination preferences amid macroeconomic uncertainty, moving away from the Middle East toward Southeast Asia and domestic locations.
