Key Takeaways
- • Scapia raised $63 million in a Series C funding round led by General Catalyst, with participation from existing investors Peak XV Partners and Z47, valuing the company above $500 million.
- • The Bengaluru-based travel fintech startup has now accumulated approximately $126 million in total funding over the past three years, including a $40 million Series B round closed in April 2025.
- • Flight bookings on Scapia's platform grew 5-6x year-on-year, while stay bookings increased 8x, with tier-II and tier-III cities driving an expanding share of overall transaction volume.
- • Scapia plans to deploy capital toward strengthening its AI-first product development approach, scaling brand presence, hiring specialized AI talent, and expanding its customer base across India through co-branded credit cards with Federal Bank and Bank of Baroda.
- • The company has expanded its product ecosystem in the past six months to include Scapia Pay (a rewards-focused UPI service), add-on credit cards, credit card bill payments via BBPS, a digital marketplace (Scapia Store), and experiential offerings (Scapia Experiences).
Summary
Scapia, a Bengaluru-based travel fintech startup, has secured $63 million in fresh capital through a Series C funding round led by prominent venture capital firm General Catalyst. The round included participation from existing backers Peak XV Partners and Z47, according to multiple sources. This latest fundraise values the company above $500 million, marking significant momentum for the young millennial and GenZ-focused travel and payments platform.
The funding brings Scapia's total capital raised to approximately $126 million over the past three years. The company closed a Series B round of $40 million in April 2025, led by Peak XV Partners with participation from Elevation Capital, Z47, and 3STATE Capital. The accelerated fundraising timeline reflects strong investor confidence in the India travel fintech market and Scapia's execution trajectory.
Founder and CEO Anil Goteti outlined the strategic priorities for capital deployment: strengthening the product suite, scaling brand presence, building an AI-first culture and product development approach, and recruiting specialized talent. The company has demonstrated strong operational momentum, with flight bookings growing 5-6x year-on-year and stay bookings increasing 8x. Notably, tier-II and tier-III cities now represent a rising share of overall bookings, indicating successful geographic expansion beyond metropolitan centers.
Scapia operates at the intersection of travel and fintech, monetizing primarily through co-branded credit cards offered in partnership with Federal Bank and Bank of Baroda. Recent product launches include Scapia Pay, a UPI-based rewards program; add-on credit card offerings; cross-bank credit card bill payments through BBPS; and new features including Scapia Store and Scapia Experiences. These product additions reflect the company's expansion from pure travel booking into a broader financial services ecosystem targeting younger demographics seeking integrated travel and payments solutions.
The funding brings Scapia's total capital raised to approximately $126 million over the past three years. The company closed a Series B round of $40 million in April 2025, led by Peak XV Partners with participation from Elevation Capital, Z47, and 3STATE Capital. The accelerated fundraising timeline reflects strong investor confidence in the India travel fintech market and Scapia's execution trajectory.
Founder and CEO Anil Goteti outlined the strategic priorities for capital deployment: strengthening the product suite, scaling brand presence, building an AI-first culture and product development approach, and recruiting specialized talent. The company has demonstrated strong operational momentum, with flight bookings growing 5-6x year-on-year and stay bookings increasing 8x. Notably, tier-II and tier-III cities now represent a rising share of overall bookings, indicating successful geographic expansion beyond metropolitan centers.
Scapia operates at the intersection of travel and fintech, monetizing primarily through co-branded credit cards offered in partnership with Federal Bank and Bank of Baroda. Recent product launches include Scapia Pay, a UPI-based rewards program; add-on credit card offerings; cross-bank credit card bill payments through BBPS; and new features including Scapia Store and Scapia Experiences. These product additions reflect the company's expansion from pure travel booking into a broader financial services ecosystem targeting younger demographics seeking integrated travel and payments solutions.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.