General Catalyst just led a $63M bet on India’s travel payments market
Scapia, an Indian startup focused on travel payments, has secured $63 million in a funding round led by General Catalyst. This investment values the company at over $500 million, significantly increasing its worth since April 2025. The startup aims to capitalize on the growing demand for integrated travel and payment solutions among younger consumers in India.
- ▪Scapia raised $63 million in a funding round led by General Catalyst.
- ▪The startup's valuation has more than doubled from around $200 million in April 2025 to over $500 million now.
- ▪Scapia's platform has seen significant growth in flight and hotel bookings, increasing nearly sixfold and eightfold respectively over the past year.
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Scapia, an Indian startup that combines travel booking with co-branded credit cards and mobile payments, has raised $63 million in a funding round led by General Catalyst, with existing investors Peak XV Partners and Z47 also participating. The deal comes despite a broader slowdown in fintech dealmaking. The all-equity round values assigns the startup a post-money valuation of more than $500 million, according to a source familiar with the matter, more than doubling its valuation from around $200 million in April 2025. The four-year-old outfit has raised $126 million to date from investors. That General Catalyst, one of the most prominent U.S. venture firms, is leading the round suggests that India’s travel-focused fintech market is drawing serious attention well beyond its home region.
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