BENGALURU — Indian travel-fintech startup Scapia raised $63 million in an all-equity funding round led by General Catalyst, with existing investors Peak XV Partners and Z47 participating. The round gives the company a post-money valuation of more than $500 million.

Scapia's valuation stood at around $200 million in April 2025. The company has raised $126 million to date from investors.

Founded in 2022 by Anil Goteti, a former executive at Flipkart, Scapia combines travel booking with co-branded credit cards and mobile payments. The company offers a dual-network co-branded credit card using both Visa and RuPay that allows users to access card payments and UPI-linked credit through a single statement, credit line, and repayment flow. UPI is India's government-backed real-time payments network.

Scapia partners with Federal Bank and BOBCARD to issue its co-branded cards and plans to add another banking partner in the coming months. The startup employs about 250 people.

Over the past year, flight bookings on Scapia's platform grew nearly six times, while hotel bookings grew about eight times, with smaller Indian cities driving a growing share of demand. The company's customer base grew sevenfold over the same period.

Goteti described shifting consumer preferences among Indian travelers. "Lounges are getting quite crowded," Goteti said. "People actually are looking for an experience outside the lounge," he added.

Scapia competes with Indian startups Niyo and Ixigo and global fintech firm Revolut in India's travel-focused financial products sector. Fintech funding in India remained largely flat in the first quarter of 2026, while the number of deals fell by more than half from a year earlier as investors concentrated capital into fewer, larger deals, according to a report by Tracxn.