Scapia, the Bengaluru-based travel-fintech company, has raised$63 millionin a fresh funding round led by US-based venture firmGeneral Catalyst, with continued participation from existing investorsPeak XV PartnersandZ47. The round, announced on May 21, 2026, takes the company's total equity funding to approximately$135 millionacross four rounds, and arrives just over a year after its$40 million Series Bclosed in April 2025 at a post-money valuation of₹1,650 crore ($192 million). The company has indicated that the capital will be deployed to scale to millions of customers across India, sharpen its product suite, build brand presence and accelerate its transition to an AI-first organisation. The announcement also follows reporting earlier this year that Scapia was in talks to raise roughly $50 million, with the final round size landing materially higher. Founded in January 2022 byAnil Goteti, a former Flipkart and Qualcomm executive and an alumnus of IIT Madras, the University of Illinois Urbana-Champaign and Northwestern University's Kellogg School of Management, Scapia operates at the intersection of two of India's strongest secular trends: the explosion of travel among young Indians and the rapid adoption of digital financial products. The company offers co-branded credit cards in partnership withFederal BankandBOBCARD, and was the first in India to launch a dual-network co-branded credit card spanning both Visa and RuPay. According to the company, flight bookings on the platform have grown5–6xand stays bookings have grown8xcompared to the previous year, with Tier-2 and Tier-3 cities driving a growing share of transactions. Scapia's co-branded credit cards now serve users across17,500+ pincodesin India and are accepted by millions of merchants in over150 countries. Tracxn data places Scapia at the top of its segment, ranked first among eight competitors, ahead of London-based Yonder and New York-based Rove on platform depth and India market share. A significant portion of the new round will go towards strengthening the Scapia brand across India and building what the company describes as a world-class AI-native organisation. Scapia has flagged India's Gen Z population — among the largest globally — as both a consumer base that expects intelligent, personalised products and a talent pool capable of building them. The capital will be channelled into hiring across engineering, product, data sciences and design, alongside continued investment in the rewards economy underpinning the Scapia Coins ecosystem, which can be earned on domestic spends and redeemed against flights, trains, buses, stays, experiences and visa services. Over the past six months, the company has shipped a string of new products includingScapia Pay, a rewards-first UPI experience, add-on credit cards, credit card bill payments across all banks via BBPS, the Scapia Store and Scapia Experiences. A pioneer in zero forex markup on international spends, Scapia has also extended its Airp
