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Scapia secured $63 million in a new funding round led by General Catalyst, Peak XV Partners, and Z47. This shows strong trust in the company’s growth and future plans.
The Bengaluru-based startup, founded in 2022, now has a total funding of about $135 million. Founder Anil Goteti said the fresh capital will help expand products in both travel and financial services. The company wants to simplify travel and payments through a single platform.
Scapia focuses on a co-branded credit card made for travelers. The card gives rewards on flights, hotels, and airport lounges. Users can also book travel and buy travel products through the app. This model helps Scapia stand out in the travel fintech market.
The company is growing fast. Goteti shared that business has grown nearly 8x in one year. Users are active on the platform, and each card is used close to 15 - 20 times every month. Travel spending happens four to five times a year per user. These numbers show strong customer interest.
Scapia also plans to grow its partnerships with banks. It is already working with Federal Bank and Bobcard. The company aims to add one or two more banking partners soon. These partnerships will help Scapia offer better services and reach more users.
The new Scapia funding will also support hiring. The team currently has around 250 staff members. The company wants to bring in talent in AI, data science, product, and design to improve the platform and create better user experiences.
Scapia is also considering ‘lending’ as a new area of interest. It plans to offer loans through banks and NBFC partners. This allows the company to grow without heavy regulatory pressure.
The travel fintech sector in India is evolving quickly. More young users now prefer cards that offer rewards and travel benefits. Scapia is using this trend to build a strong position in the market.
With support from General Catalyst, Peak XV Partners, and Z47, Scapia's funding marks a key step in its journey. The company now aims to grow faster and build a complete travel and finance platform for users.
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