Overview
- Scapia secured $63 million in an all-equity round led by General Catalyst on Thursday, May 21, 2026, with participation from existing backers Peak XV Partners and Z47.
- Industry sources quoted by coverage report a post-money valuation of more than $500 million, a jump from about $200 million in April 2025, though the valuation and some details come from unnamed sources.
- The Bengaluru startup says it will use the funds to expand its brand presence, hire engineering and product talent focused on AI, and broaden its travel and payments products.
- Company-reported metrics show rapid user growth—flight bookings up about five- to sixfold, hotel bookings about eightfold and customer counts rising roughly sevenfold—but those figures have not been independently verified.
- Scapia bundles UPI payments, travel bookings and dual-network co-branded cards issued with Federal Bank and Bank of Baroda, a model that draws U.S. investor attention as larger fintech rounds narrow the pool of funded companies and intensify competition from players like Niyo, Ixigo and Revolut.