Scapia Raises $40M in Series B to Scale AI-Driven Travel Fintech Solutions
Scapia, in collaboration with Federal Bank, offers a co-branded credit card with no joining or annual fees, zero forex markup, airport lounge access, 10 percent rewards on spends, and 20 percent rewards on travel bookings made through the Scapia app.
Bengaluru-based travel fintech startup Scapia has raised $40 million in Series B funding, led by Peak XV Partners, with continued support from existing investors Elevation Capital, Z47, and 3STATE Capital.
The newly raised capital will be used to enhance product development, expand the team, and integrate artificial intelligence into Scapia’s travel and financial services ecosystem.
“This isn’t just funding—it’s a strong validation of our vision that travel should be an essential part of a fulfilling life, not an occasional indulgence,” said Anil Goteti, founder and CEO of Scapia. “With Peak XV and our existing partners, we’re set to deliver game-changing travel solutions faster than ever.”
Scapia, in collaboration with Federal Bank, offers a co-branded credit card with no joining or annual fees, zero forex markup, airport lounge access, 10 percent rewards on spends, and 20 percent rewards on travel bookings made through the Scapia app.
“Millennials and Gen Z are embracing travel like never before, making it a priority rather than a luxury,” said Tejeshwi Sharma, managing director at Peak XV Partners. “Scapia is perfectly positioned to power this shift.”
The Scapia app allows users to book flights, hotels, visas, and transport, while earning and redeeming rewards. With features like “Travel Now, Pay Later” and a recently launched RuPay version of its card, Scapia is expanding its reach in India’s digital payments ecosystem.
So far, Scapia’s customers have used its offerings to travel to over 100 countries, and the company aims to scale its presence further across the Indian market.
