Scapia bags $63M led by General Catalyst as co-branded travel card scales into Tier-II/III India
Travel-fintech Scapia raised $63M led by General Catalyst, with Peak XV and Z47 joining. The Federal Bank and BOBCARD co-brand card issuer will deploy capital into AI and hiring. Flights volume grew 5-6X and stays 8X, with FY25 revenue at Rs 29 cr versus Rs 17 cr in FY24; net loss narrowed marginally to Rs 83 cr.
What happened
Travel-fintech startup Scapia raised $63M led by General Catalyst with Peak XV and Z47 participating. The co-branded card player with Federal Bank and BOBCARD
Key facts
- $63 million
- $40 million Series B April 2025
- FY25 revenue Rs 29 cr
- FY24 revenue Rs 17 cr
- FY25 net loss Rs 83 cr
- FY24 net loss Rs 88 cr
- flights 5-6X growth
- stays 8X growth
Why this matters
Scapia's scaling co-brand model with two bank partners signals a defensible distribution moat worth tracking for partnership, acquisition, or competitive-response plays in India's travel-card stack.
Also reported by
- Entrackr — Same time