Scapia in talks to raise $50–60m led by General Catalyst

By Vriti Gothi

India-based travel FinTech startup Scapia is in early-stage discussions to raise between $50 million and $60 million in fresh funding, with venture capital firm General Catalyst expected to lead the round, according to people familiar with the matter.

The fundraising talks remain preliminary and the round has not yet been finalised. Several other investors are reportedly evaluating participation alongside General Catalyst, though the final structure and valuation could evolve as negotiations progress.

Founded by Anil Goteti, former chief business officer at Flipkart, Scapia operates at the intersection of financial services and travel commerce. The company offers a co-branded credit card alongside an integrated travel booking platform that enables users to earn and redeem rewards on travel-related spending.

The potential funding is expected to support the expansion of Scapia’s travel marketplace, scale its credit card offering, and strengthen partnerships with banks and travel service providers. The company has focused on building a consumer platform that combines payments, credit, and travel booking into a single digital experience.

Scapia has reported strong growth since launching its services, with revenue increasing around 70% year-on-year to approximately $4.36 million, while narrowing its losses over the same period. The growth reflects rising consumer adoption of credit-led digital platforms tied to lifestyle spending categories such as travel.

The company operates in an increasingly competitive segment that includes FinTech platforms such as Uni Cards, Niyo, and Jupiter, all of which are targeting digitally native consumers with credit cards and app-based financial services.

Investor interest in the sector has remained strong as FinTech firms experiment with embedded finance models that integrate payments, lending, and commerce. If completed, the new funding round could provide Scapia with additional capital to accelerate product expansion and strengthen its position in India’s growing travel-FinTech ecosystem.