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.
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. Scapia operates co-branded travel credit cards with Federal Bank and Bank of Baroda, plus BBPS bills and Scapia Store.
Why this matters
Round formalizes Scapia's General Catalyst-led raise flagged in earlier signals around scaling its co-branded travel card, UPI rewards and AI-led travel commerce marketplace.
Retail-company signals steady at 1,651 over the past 90 days.
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