Bengaluru, May 22(CXO Media): Travel-fintech startup Scapia has raised $63 million, led by General Catalyst as domestic travel gains momentum and Indian travellers shift towards Southeast Asia.
Existing investors Peak XV Partners and Z47 also participated in the round, which comes over a year after the company secured $40 million in Series B funding.
Scapia founder and chief executive Anil Goteti said domestic travel continues to dominate activity on the platform, accounting for nearly 80–85% of bookings. He added that travellers are increasingly moving away from Middle East destinations and opting for Southeast Asia and domestic locations amid economic uncertainty.
Scapia operates as a travel-fintech startup offering co-branded credit cards, UPI payments, airport rewards and travel bookings through a single platform. The company plans to use the fresh capital to expand its travel and financial services offerings while increasing focus on AI-led product development.
According to company data, flight bookings on the platform have grown 5–6 times year-on-year, while hotel stays have increased eightfold, pointing to rising demand for travel-focused payment products in India.
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