Scapia raises $63 million led by General Catalyst
21 May 2026, 12:17 PMExisting investors Peak XV Partners and Z47 participated in the funding round.
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Scapia, a travel-fintech startup, said it has raised $63 million in a fresh funding round led by General Catalyst.
Existing investors Peak XV Partners and Z47 participated in the funding round, a statement said.
Anil Goteti, founder and CEO, Scapia, said that the fresh capital will help the startup strengthen its product suite and expand its team as it doubles 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," added Goteti, a former executive at e-commerce giant Flipkart.
This funding round comes a year after the startup had raised a Series B funding round led by Peak XV Partners. Existing investors Elevation Capital, Z47 and Binny Bansal's 3STATE Capital had also participated in that round.
Scapia, which was founded in 2023, offers a lifetime-free credit card with travel rewards. These benefits are converted into Scapia tokens, which can be used to book hotels and flights online. It generates revenue through interchange fees, interest on EMIs, and partner commissions from travel bookings.
The startup said that flight bookings on the platform have grown 5-6x and stays by 8x, compared to last year, with Tier II and III cities driving a growing share of bookings.
"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," said Neeraj Arora, CEO India & MENA at General Catalyst.
In FY25, Scapia recorded a 71% jump in revenue from operations to Rs 28.7 crore in the fiscal ended March 31, 2025, compared to Rs 16.8 crore during the previous fiscal.
The startup's net loss narrowed to Rs 83 crore in FY25 from Rs 87.9 crore reported in FY24.
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