Scapia Raises $63 Mn Led by General Catalyst to Build AI-First Capabilities

Indian travel-fintech company 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 said the capital will be directed towards customer acquisition, product development, and building what it describes as an AI-first organisation.

"This round will help us strengthen our product suite further, bring more value to our customers through more offerings, scale the brand and bring in the best talent as we double 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," Anil Goteti, Founder and CEO of Scapia, said in a statement. 

The funding comes months after Scapia started offering co-branded credit cards in partnership with Federal Bank and BOBCARD. According to reports, it was the first in India to launch a dual-network co-branded credit card covering both Visa and RuPay networks. It also offers zero forex markup on international transactions and an Airport Privileges programme covering dining, retail, and duty-free access, in addition to lounge entry.

The company reported that flight bookings on its platform grew 5–6x year-on-year, while hotel bookings grew eight times. It attributed a portion of this growth to users in tier-2 and tier-3 cities.

"India's next wave of great consumer companies will be built around behaviours that are genuinely new - not just digital versions of what came before. Scapia understood early that a generation of Indians for whom travel is a baseline expectation, not an aspiration, needed a financial product designed around that identity. 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," remarked Neeraj Arora, CEO India and MENA at General Catalyst.

Sakshi Chopra of Peak XV Partners added, "Scapia has created a seamless travel-fintech experience spanning payments, rewards, zero forex markup and travel benefits in a way that deeply resonates with users. The team has combined strong product thinking with sharp execution, and we are excited to continue partnering with them as they scale."

"As consumer experiences turn AI-native, we are convinced Scapia will earn its place as a household name for the modern Indian traveller," noted Vikram Vaidyanathan, Managing Director at Z47.