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Scapia Secures $63M Amid Fintech Slowdown
21 May
Summary
- Scapia raised $63 million in a funding round led by General Catalyst.
- The company's valuation more than doubled to over $500 million.
- Bookings for flights and hotels saw significant growth over the past year.
Scapia, an Indian travel-focused fintech startup, announced a significant funding round of $63 million. The investment was led by prominent venture capital firm General Catalyst, with participation from existing investors Peak XV Partners and Z47.
This all-equity round values the company at over $500 million post-funding, a substantial increase from its previous valuation of around $200 million in April 2025. Scapia has now raised a total of $126 million since its inception four years ago.
The company's app integrates co-branded credit cards, UPI-based payments, and travel bookings. It has seen impressive growth, with flight bookings increasing nearly sixfold and hotel bookings growing approximately eightfold in the past year. Smaller Indian cities are contributing an increasing share to this demand.
Scapia attributes its success to the demand among younger Indians for integrated payment and travel solutions. The startup plans to use the new capital to expand its product offerings and hire AI-focused engineering talent as it navigates the competitive consumer fintech market in India.
