Scapia, a travel and payment services startup in India, has secured $63 million in a funding round led by General Catalyst, with participation from existing investors Peak XV Partners and Z47, despite a fintech dealmaking slowdown. This all-equity investment boosts Scapia’s post-money valuation to over $500 million, more than doubling its value from around $200 million in April 2025. Founded by former Flipkart executive Anil Goteti in 2022, Scapia integrates co-branded credit cards, UPI payments, and travel booking. Significant growth in flight and hotel bookings has been noted, especially in smaller cities, with customer numbers increasing sevenfold over the last year. Scapia appeals to younger consumers by linking payments and travel rewards, opting for experiences over lounge access. The company offers a dual-network credit card with Visa and RuPay and collaborates with Federal Bank and BOBCARD, with plans for additional bank partnerships. Scapia faces competition from firms like Niyo, Ixigo, and Revolut, and aims to use the new funding to expand product offerings and enhance its team with AI expertise.
General Catalyst Leads $63M Investment in India’s Travel Payments Market
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