Scapia Plans Next Phase of Growth, Innovation, and AI-First Travel Experiences with New Funding

Scapia, one of India's leading travel-fintech companies, led by Anil Goteti and the team, has raised $63 million in a round led by General Catalyst, with continued participation from existing investors Peak XV Partners and Z47.

With this round, Scapia will scale to millions of customers across India and accelerate its AI-first approach to product and team development.

“We are excited to have General Catalyst join us as a partner, alongside continued investment from Peak XV and Z47,” said Anil Goteti, Founder and CEO of Scapia. “This round will help us strengthen our product suite, scale the brand, and double down on building an AI-first product and culture focused on helping users travel and lead richer lives.”

Scapia has built a travel-first financial platform targeting young, travel-focused Indians at the intersection of rising travel demand and rapid digital financial adoption.

Flight bookings have grown 5–6x and stays 8x year-over-year, with increasing traction from Tier-2 and Tier-3 cities.

A significant portion of this round will go toward strengthening the Scapia brand across India and building an AI-native organization.

With India’s large Gen Z population, both AI-native consumers and talent, the company aims to scale hiring across engineering, product, data science, and design to support its next phase of growth.

“India’s next wave of great consumer companies will be built around fundamentally new behaviors,” said Neeraj Arora, CEO India & MENA at General Catalyst. “Scapia has built a financial product designed around a generation for whom travel is a baseline expectation, supported by strong customer growth and a rapidly expanding travel stack.”

“As travel becomes a core part of how young Indians live and spend, consumers want financial products built around that behavior,” said Sakshi Chopra of Peak XV Partners. “Scapia combines payments, rewards, and travel benefits into a seamless experience that strongly resonates with users.”

“We have backed Scapia since their first round, and each subsequent round has strengthened our conviction,” said Vikram Vaidyanathan, Managing Director at Z47. “The team has shipped rapidly across products like Scapia Pay and Airport Privileges, and we believe they are well positioned to become a leading travel-fintech brand for modern Indian travellers.”

Scapia offers co-branded credit cards in partnership with Federal Bank and BOBCARD, and was the first in India to launch a dual-network Visa–RuPay co-branded card.

The company also pioneered zero forex markup on international spending and introduced Airport Privileges extending beyond lounges into dining, retail, and duty-free experiences, with one in three users now preferring these non-lounge benefits.

Scapia has expanded its product suite with offerings including Scapia Pay (a rewards-first UPI experience), add-on credit cards, BBPS-based bill payments, the Scapia Store, and Scapia Experiences.

Its Scapia Coins rewards system can be earned on domestic spending and redeemed across travel services like flights, trains, buses, stays, and visas, positioning it as a comprehensive travel-financial ecosystem in India.