Travel-fintech startup Scapia has secured $63 million in a funding round led by General Catalyst, alongside Peak XV Partners and Z47.
The fresh capital injection pushes the company's valuation past $500 million, more than doubling its worth over the past year.
Scapia operates a closed-loop ecosystem where users earn rewards via co-branded credit cards and UPI, which are then redeemed for in-app travel bookings.
The startup aims to deploy the funds to expand its AI-native product suite, scale its user base across Tier-2 and Tier-3 cities, and potentially launch short-term travel lending products.
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