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.
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 will invest in AI and hiring; flights grew 5-6X, stays 8X, with Tier-II/III cities rising.
Why this matters
Follows Scapia's Series C narrative as the travel-fintech doubles down on AI and pushes its co-branded card deeper into Tier-II/III India, where flights and stays volumes are compounding fastest.
Retail-company signals steady at 775 in the last 90 days.
Also reported by
- Entrackr — Same time