Scapia bags $63M Series C, valuation triples to $539M as General Catalyst takes 9.26% stake
Bengaluru-based travel fintech Scapia raised $63M Series C led by General Catalyst, lifting valuation 3X to $539M and total funding to $135M. Operates co-branded travel cards with Federal Bank and Bank of Baroda. FY25 revenue Rs 29 cr against Rs 83 cr net loss; capital earmarked for AI build-out and hiring.
What happened
Travel fintech Scapia raised $63 million Series C led by General Catalyst, tripling valuation to $539 million. Capital will fund AI-native build-out and hiring.
Key facts
- $63 million Series C
- $539 million valuation
- 3X valuation jump
- $135 million total funding
- 9.26% General Catalyst stake
- Rs 29 crore FY25 revenue
- Rs 83 crore net loss
Why this matters
With $135M total raised and a fresh $63M warchest earmarked for AI and talent, Scapia becomes a credible acquisition target or partner for banks and OTAs seeking embedded travel credit distribution in India.
Also reported by
- Entrackr — Same time