Scapia, an innovative Indian startup that integrates travel booking services with co-branded credit cards and mobile payment solutions, has successfully closed a $63 million funding round. The investment was led by General Catalyst, with continued support from existing backers Peak XV Partners and Z47. This significant capital injection brings the company’s total funding to $126 million and pushes its post-money valuation past the $500 million mark, more than doubling its previous valuation from early 2025.

The successful raise highlights a growing investor appetite for specialized fintech platforms in India, even as the broader global venture capital landscape remains cautious. While the number of fintech deals in India has seen a decline, capital is increasingly flowing into high-growth companies that can effectively capture the spending habits of younger demographics. Scapia’s model, which combines UPI-based payments with travel commerce, has resonated with a generation of users seeking more flexible, integrated financial tools.

Founded in 2022 by former Flipkart executive Anil Goteti, the Bengaluru-based company has experienced rapid growth, reporting a six-fold increase in flight bookings and an eight-fold rise in hotel reservations over the past year. The platform differentiates itself by offering a dual-network credit card that supports both Visa and the government-backed RuPay network, allowing for seamless integration with India’s UPI infrastructure. By partnering with institutions like Federal Bank and BOBCARD, Scapia provides a unified experience that covers credit lines, payments, and travel rewards.

With a workforce of approximately 250 employees, Scapia plans to utilize the new funding to accelerate product development and recruit specialized talent in artificial intelligence and engineering. As competition in the Indian consumer fintech space intensifies, the company aims to further refine its rewards programs—shifting focus toward experiential benefits like airport dining and shopping—to better serve the evolving preferences of modern travelers.