Scapia Raises $63 Million at $500 Million-Plus Valuation as India Fintech Deals Thin
Updated
Updated · TechCrunch · May 20
Scapia Raises $63 Million at $500 Million-Plus Valuation as India Fintech Deals Thin
1 articles · Updated · TechCrunch · May 20
$63 million in fresh equity funding valued Bengaluru-based Scapia at more than $500 million, more than doubling its roughly $200 million valuation from April 2025.
General Catalyst led the round with Peak XV Partners and Z47, signaling investor appetite for Scapia's travel-payments model even as fintech dealmaking has slowed and investors favor fewer, larger bets.
Scapia said flight bookings grew nearly 6 times, hotel bookings about 8-fold, and customer growth 7-fold over the past year, helped by demand from younger users and smaller Indian cities.
Founded in 2022, the startup combines travel booking, co-branded credit cards and UPI-linked payments; it plans to use the cash to expand products and hire more AI-focused engineering and product staff.
India's travel-focused fintech market is drawing heavier competition from local players such as Niyo and Ixigo, while global firms including Revolut are also targeting the country.
With India's booming digital payments and outbound travel, could Scapia become the go-to platform for young Indians seeking seamless global travel experiences?
Can Scapia’s AI-driven approach help it outpace rivals as credit card underwriting tightens and travel fintech competition intensifies in India?