General Catalyst leads $63M Series C for Indian travel fintech Scapia
Original: General Catalyst just led a $63M bet on India’s travel payments market
Why This Matters
Signals growing investor confidence in India's travel-fintech convergence market
Indian travel payments startup Scapia raised $63 million led by General Catalyst, valuing the company at over $500 million. The four-year-old firm combines travel booking with co-branded credit cards and UPI payments, seeing 6x flight booking growth and 8x hotel booking growth year-over-year.
Scapia, founded in 2022 by former Flipkart executive Anil Goteti, combines travel bookings with co-branded credit cards and UPI-based payments in a single app. The all-equity round more than doubled its valuation from $200 million in April 2025, bringing total funding to $126 million. The startup offers dual-network cards using both Visa and RuPay networks, partnering with Federal Bank and BOBCARD. Flight bookings grew nearly 6x while hotel bookings increased 8x over the past year, with customer growth rising 7x. The funding comes amid a broader fintech slowdown in India, where Q1 2026 deal volume fell over 50% year-over-year despite flat funding levels.