21stMay, 2026 | Bengaluru, India
At Z47, we backed Anil Goteti before Scapia had a name on a card. Eight years inside Flipkart had given him a rare instinct for how Indians actually spend on travel, and an even rarer one for what an AI-native consumer company would need to look like before most builders saw it coming.
Today, Scapia has raised $63 million in Series C funding, led by General Catalyst, with continued participation from Z47 and Peak XV Partners. The capital will help Scapia scale to millions of customers across India and accelerate an AI-first approach to both product and team.
What this round backs is a specific bet on the country: that India's Gen Z, one of the largest in the world, will build AI-native products faster than any other consumer cohort on the planet, and not just consume them. The demand side is a generation that already expects intelligent, personalised travel and finance. The supply side is a deep, fast-maturing AI talent pool across engineering, product, data sciences and design. A meaningful portion of this round will go toward building one of India's first true AI-native consumer organisations, alongside deepening the Scapia brand across the country.
Two structural shifts sit underneath all of this in India: a generation of young Indians for whom travel is identity, and a financial system finally catching up to how they actually spend. Scapia was built for these shifts, a travel platform with a financial product at its core, not the other way around. That architectural choice is the company's real moat, and over the last year it has shown up clearly in the numbers:
- 7x growth in customers, across travel and card
- ~6x growth in flight bookings
- 8x growth in stays
- Tier-2 and Tier-3 cities driving an increasing share of bookings
- Cards now serving users across 17,500+ pincodes in India
- Accepted by merchants in 150+ countries worldwide
Anil Goteti, Founder and CEO, Scapia, said: "We are excited to have General Catalyst join us as a partner, and the continued investment from Peak XV and Z47 is a strong validation of what we have built and where we are headed. Today, Scapia is a comprehensive travel ecosystem powered by a financial product at its core, designed for a generation of Indians that treats travel as a way of life. This round will help us strengthen our product suite further, bring more value to our customers through more offerings, scale the brand and bring in the best talent as we double down on building an AI-first culture and product approach. Our focus remains unchanged: building products that help our users travel and lead richer lives."
That ecosystem has taken shape rapidly. Scapia is now the first company in India to issue a co-branded credit card on both the Visa and RuPay networks, in banking partnerships with Federal Bank and BOBCARD, and a pioneer in zero forex markup on international spends, a structural concession that quietly widens who in India can actually afford to travel abroad. Airport Privileges have grown well beyond the lounge into dining, retail and duty-free, with one in three Scapia users now choosing the shopping or food unlock over a lounge visit.
In the last six months alone, the team has shipped Scapia Pay (a rewards-first UPI experience), add-on cards, credit-card bill payments across all banks via BBPS, the Scapia Store and Scapia Experiences, and Scapia Coins, earned on all domestic spends, are now redeemable across flights, trains, buses, stays, experiences and visa services. Very few Indian platforms can match that surface end-to-end.
Vikram Vaidyanathan, Managing Director, Z47, said "We have backed Scapia since their very first round, and every round since has only deepened our conviction. From the dual-network card to Scapia Pay to Airport Privileges, few teams in Indian fintech have shipped this much, this fast, while staying disciplined on compliance. As consumer experiences turn AI-native, we are convinced Scapia will earn its place as a household name for the modern Indian traveller."
Neeraj Arora, CEO India & MENA at General Catalyst, said "India's next wave of great consumer companies will be built around behaviors that are genuinely new - not just digital versions of what came before. Scapia understood early that a generation of Indians for whom travel is a baseline expectation, not an aspiration, needed a financial product designed around that identity. The 7x customer growth and the depth of what they've built across the travel stack give us real confidence in where this goes. We're glad to be part of it."
Sakshi Chopra, Peak XV Partners, said: "As travel becomes an important part of how young Indians live and spend, consumers are looking for financial products built around that behaviour. Scapia has created a seamless travel-fintech experience spanning payments, rewards, zero forex markup and travel benefits in a way that deeply resonates with users. The team has combined strong product thinking with sharp execution, and we are excited to continue partnering with them as they scale."
For a closer look at how it all began, revisit our Matrix Moments conversation with Anil Goteti, where Vikram sat down with him to unpack the founding thesis behind Scapia, building a category-defining travel-first card for a generation that travels differently.
We have been with Anil since the earliest pages of this story, and we are proud to keep walking it with him. To Anil and the entire Scapia team, congratulations on a round that reflects the depth of what you have built, and godspeed for the chapter ahead.
About Scapia
Scapia is a travel fintech company driven by the belief that travel enriches both individuals and the world around them. With a commitment to delivering delightful and rewarding experiences at every step, Scapia offers an integrated platform that brings together travel services and financial products. In partnership with leading banks, Scapia offers co-branded credit cards with Federal Bank and BOBCARD, enabling users to earn travel rewards seamlessly across their spending. Scapia co-branded credit cards today serve users across 17,500+ pincodes in India and are accepted by millions of merchants in over 150 countries worldwide. Scapia is backed by leading investors including General Catalyst, Peak XV Partners, Elevation Capital and Z47.
About Z47
Founded in 2006, Z47 is an investment Firm with more than 150 investments till date and an AUM of over $3.5 billion. Guided by a ‘founders first’ philosophy, Z47 is committed to backing missionary founders leading India to its goal of becoming a developed nation by 2047, prioritizing founders over markets.
Z47’s focus sectors include Financial Services, Consumer, B2B, Advanced Manufacturing and Enterprise AI amongst others. We are proud partners to several Financial Services companies; select ones include Jupiter, OneCard, Oxyzo, and Scapia. Other select investments include Dailyhunt, Five Star Business Finance, OfBusiness, Ola, Ola Electric, and Razorpay.
Z47 has offices in Mumbai, Bengaluru, Gurgaon and GIFT City. For more information, visit www.z47.com or write to newsroom@z47.com.
For more information, please contact: newsroom@z47.com
Stay connected with Z47.
