Scapia bags $63M Series C led by General Catalyst to scale AI travel fintech

Travel fintech Scapia raised $63M Series C led by General Catalyst with Peak XV, Z47 and Matrix participating. Funds back co-branded credit cards with Federal Bank and Bank of Baroda, AI-native products, and Gen Z travel push. FY25 revenue ₹40.4 cr against ₹83.1 cr loss; user base up 8x, hotel bookings 10-15x YoY.

— Source publishedThu, 21 May, 2026, 11:08 IST·First seen Thu, 21 May, 2026, 11:15 IST·Source Mint

What happened

Travel fintech Scapia raised $63M Series C led by General Catalyst to scale its co-branded credit card and travel marketplace business, invest in AI-native

Key facts

  • $63 million
  • 8x user growth
  • 10-15x hotels YoY
  • ₹40.4 crore FY25 revenue
  • ₹83.1 crore FY25 loss
  • $102 billion Gen Z travel spend by 2030

Why this matters

Scapia's deepening Federal Bank and Bank of Baroda partnerships plus AI-native roadmap make it a strategic watch for travel platforms, card networks, and banks seeking Gen Z distribution rails.

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