Scapia has closed a $63 million Series C round led by General Catalyst, with participation from existing investors Peak XV Partners and Z47. The Bengaluru-based startup Scapia said the money will be used to grow its travel business, expand AI capabilities and add talent across engineering, product, data science and design. The funding round comes about a year after Scapia raised $40 million in Series B funding in April 2025.
Scapia’s founder and chief executive, Anil Goteti, said the company is still early in a large market and wants to scale to a wider customer base.
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What Scapia does
Scapia sits between travel booking and financial services; the company offers flight bookings, travel products and co-branded credit cards, and it has worked with Federal Bank and later added BOBCARD as a partner. Scapia has also built an in-house marketplace called Scapia Store and launched an AI platform for curated tours and activities.
Scapia said flight bookings on its platform grew five to six times, while stays grew eight times compared with the previous year. The company also said tier-II and tier-III cities are contributing a growing share of bookings, and that 80–85% of spending on the platform is driven by domestic travel. Scapia plans to use the capital to expand AI-native product development and hire more AI-focused talent.
The investors still see room in India for a travel-fintech model that ties payments, rewards and booking into one product. That is a different bet from a pure travel app or a pure credit-card business.
Media reports show that Redseer Strategy Consultants and Fireside Ventures report saying one in three consumers spend over 20% of income on travel, and that India’s Gen Z travel spend is expected to rise from $32 billion in FY24 to $102 billion by 2030. That is the market Scapia is aiming at.
Compared with Scapia’s earlier $40 million Series B in 2025, this latest round signals that the company is moving from product-market fit toward scale.
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Travel demand in India has held up well, but fintech funding has been more selective, with investors preferring businesses that show both strong usage and a clear path to monetization. Scapia’s revenue model is tied to travel frequency, card usage and partner economics, so growth in bookings is the main signal the market will watch next.
