Startup profile · funding coverage
Scapia funding, valuation and investors
Indian travel-fintech app combining co-branded credit cards, UPI, and integrated trip booking.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Series C
$63M · May 2026
Latest known valuation
$500M+ post-money
Series C · May 2026
Total disclosed equity funding
$103M
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
growth · Bengaluru, Karnataka, India
Overview
Scapia is a Bengaluru travel-fintech company founded in January 2022 by former Flipkart executive Anil Goteti. The Scapia app bundles co-branded credit cards (with Federal Bank and BOBCARD), UPI payments, and travel booking—flights, hotels, trains, buses, visas, and the Scapia Store—where users earn Scapia Coins redeemable directly in-app. Cards feature zero joining/annual fees, zero forex markup, dual Visa + RuPay networks, and up to 20% rewards on travel booked through Scapia. In May 2026 Scapia raised $63 million led by General Catalyst at a post-money valuation above $500 million, with Peak XV Partners and Z47 participating, bringing total funding to roughly $126–135 million.
Why Scapia is interesting
Scapia doubled valuation to $500M+ in a flat Indian fintech market by owning one wedge: credit + rewards tied to travel behavior—not generic neobanking. General Catalyst leading signals global conviction in behavior-native consumer finance.
Product & use cases
Scapia pairs bank-issued co-branded credit cards with a travel super-app. Everyday spending earns Scapia Coins; users book and redeem travel in one place with airport lounge privileges, Travel Now Pay Later EMI options, and zero forex fees on international use.
- Young Indian travelers earning rewards on daily spends redeemable for flights and hotels
- UPI-on-credit via RuPay for domestic payments with travel-linked rewards
- International trips without forex markup using Scapia Visa cards
- Integrated visa applications and travel essentials via Scapia Store
Key facts
- May 2026: $63M round led by General Catalyst at $500M+ valuation
- Total funding ~$126M; valuation more than doubled from ~$200M (Apr 2025)
- Co-branded cards with Federal Bank and BOBCARD; first dual-network Visa+RuPay in India
- Users across 17,500+ Indian pincodes; merchant acceptance in 150+ countries
- 10% coins on Visa spends, 5% on RuPay/UPI (eligible), 20% on in-app travel
- Founder Anil Goteti: ex-Flipkart, IIT Madras and Kellogg alum
Funding history (newest first)
Series C
2026-05 $63M Valuation: $500M+ post-money- General Catalyst (lead)
- Peak XV Partners (participant)
- Z47 (participant)
Series B
2025-04 $40M Valuation: ~$192M- Peak XV Partners (lead)
Investors in our directory
Funds linked from Scapia's profile — open a fund page for stage focus and related deal articles.
Competitive landscape
Edge: Travel-native rewards loop—financial product and booking in one app—versus bank cards with disconnected loyalty programs or OTAs without credit integration.
Indian fintech funding cooled in 2025–2026, but differentiated consumer wedges still raise. Scapia must prove retention and underwriting quality as it scales cards beyond early travel enthusiasts.
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Niyo direct
Indian travel-banking player; historically forex-card wedge versus Scapia's rewards + booking stack.
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Ixigo adjacent
Travel booking platform without Scapia's co-branded credit core.
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HDFC / bank travel cards incumbent
Incumbent issuers with travel rewards; Scapia targets digital-native UX and integrated redemption.
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MakeMyTrip / Cleartrip adjacent
OTA incumbents; Scapia embeds booking inside a fintech wallet and card relationship.
Notable stories
- Scapia relaunched card growth after RBI restrictions slowed co-branded issuance in 2025, securing renewed Federal Bank partnership and adding BOBCARD (Economic Times, 2025).
- General Catalyst's Neeraj Arora said Scapia understood that travel is a "baseline expectation" for young Indians—not an aspiration—requiring a purpose-built financial product (VCCircle, May 2026).
Industries
Related funding articles
Venture Capital Tracker pieces that cover Scapia's financing or category context.
FAQs about Scapia
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