Leading travel fintech platform Scapia has secured $40 million in Series B funding, marking a significant milestone in its mission to redefine travel and financial experiences for Gen Z and millennial consumers in India. The round was led by Peak XV Partners, with continued support from existing investors Elevation Capital, Z47, and 3STATE Capital.
This fresh infusion of capital will empower Scapia to strengthen its workforce, enhance its AI-powered travel and credit solutions, and fast-track its product development roadmap. The funding highlights growing consumer enthusiasm for Scapia’s co-branded credit card, which has rapidly gained popularity for its travel-first features and seamless digital experience.
Building the Future of Travel Fintech for Gen Z and Millennials
“Over the past three years, we’ve focused on creating exceptional travel products, forging key banking partnerships, and assembling a top-tier team,” said Anil Goteti, Founder & CEO of Scapia. “This funding round enables us to scale faster and innovate more deeply for our core audience of Gen Z and millennials.”
Scapia’s standout offering—its co-branded credit card—caters to the evolving demands of digital-first Indian travelers with:
- Zero joining and annual fees
- No forex markup
- Airport privileges
- High-value travel rewards
Investor Confidence in a Booming Market
Tejeshwi Sharma, MD of Peak XV Partners, noted, “Millennials and Gen Z are reshaping India’s travel landscape into a guilt-free, all-pleasure experience. Scapia merges the booming travel industry with an untapped credit card segment, delivering a truly unique offering. We’re excited to support this next-gen consumer internet company.”
Mridul Arora, Partner at Elevation Capital, added, “With Gen Z and millennials now accounting for 50% of all credit card issuance in India, we’re looking at an $80–100 billion annual opportunity by 2030. Scapia’s product-market fit makes it a top contender to dominate this space.”
Vikram Vaidyanathan, MD of Z47, echoed this optimism: “Scapia is transforming the way young Indians travel. From offering buses and trains on its full-service platform to pioneering travel perks like Airport Privileges, they’ve built a highly compliant and consumer-centric fintech brand. We’re proud to deepen our investment and welcome Peak XV to the journey.”
Positioned for Scalable, Sustainable Growth
This Series B round reflects Scapia’s strong momentum in India’s evolving travel fintech landscape, where experience-driven, mobile-first financial solutions are gaining rapid traction. With a clear focus on innovation, user delight, and compliance, Scapia is poised to become the go-to brand for India’s young, travel-hungry population.