General Catalyst Leads $63M Funding Round for Scapia, India's Travel Fintech, on May 21

Scapia, an India-based travel fintech company, raised $63 million on May 21 in a funding round led by General Catalyst, according to the company. Existing investors Peak XV Partners and Z47 also participated. Scapia offers co-branded credit cards with Federal Bank and BOBCARD, providing cardholders with features including no joining fee, no annual fee, and no foreign exchange markup on overseas spending.

The company said it will use the new capital to expand across India, develop additional products, and hire AI talent. Scapia reported that flight bookings on its platform rose 5-6 times year-over-year, while accommodation bookings increased 8 times.