Travel-focused fintech startup Scapia is in discussions to raise $50-60 million in fresh funding, with venture capital firm General Catalyst expected to lead the round, according to people familiar with the matter.
Scapia Plans Funding Push
The current proposed funding round is still in its early stages, and negotiations are being held regarding the final structure and valuation. Other investors are also expected to join General Catalyst if the proposed funding round proceeds.
Scapia was founded by Anil Goteti, a former Chief Business Officer at Flipkart. Scapia functions at the intersection of travel and fintech, offering a credit product along with travel services on the same platform. The company provides a co-branded credit card that is integrated with a travel booking platform, enabling customers to earn and redeem rewards directly associated with travel expenses.
The startup’s proposition focuses on simplifying travel payments while offering rewards designed specifically for frequent travellers. By integrating payments and booking capabilities, Scapia aims to create a seamless travel experience where users can plan trips, pay through the platform, and redeem travel-linked benefits.
The development comes at a time when India’s fintech ecosystem is increasingly seeing specialised financial products, particularly those tied to lifestyle categories such as travel, mobility and commerce. Startups are experimenting with category-focused credit cards and rewards systems that are designed around specific consumer spending habits.
Scapia’s approach reflects this trend, where fintech companies are moving beyond generic financial services and focusing on context-driven financial experiences that combine payments, credit and commerce.
If the proposed round is completed, the funding could help the company expand its platform and strengthen its position in the emerging travel-fintech segment, a space that has been attracting investor interest as digital payments and travel demand continue to grow in India.
Discussions around the funding round remain ongoing, and final details may evolve as negotiations progress.
