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Total amount raised
$135 Million
Latest funding date
2026-05-20
Location
Scapia has successfully raised funds over four rounds, with the latest being a $63 million round led by General Catalyst in May 2026 that valued the company at over $500 million. The company is backed by seven investors, including notable names like Z47, 3STATE Ventures, Peak XV Partners, and General Catalyst.
What Is Scapia?
Scapia Technology Private Limited, based in Bangalore, Karnataka, India, offers a credit card tailored for travelers. The company operates in the financial services industry, focusing on credit cards and travel-related benefits.
Founded with the mission to help consumers manage their travel expenses, Scapia has grown to employ between 101 and 250 people. The company has raised funds over four rounds, most recently a $63 million round in May 2026 led by General Catalyst at a post-money valuation of over $500 million.
Scapia's credit card provides numerous benefits, including zero joining fees, zero annual fees, and zero forex fees, making it an attractive option for frequent travelers. The card also offers rewards on every spend, which can be redeemed instantly for travel services through the Scapia app.
How Much Funding Has Scapia Raised?
- Seed Round
- Amount Raised: USD 9,000,000
- Date: June 28, 2023
- Lead Investors: Matrix Partners India (now Z47)
- Participants: Tanglin Venture Partners, 3STATE Ventures, Keki Mistry (angel)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish initial growth, develop partnerships, and launch product offerings.
- Series A Round
- Amount Raised: USD 23,000,000
- Date: November 21, 2023
- Lead Investors: Elevation Capital, 3STATE Ventures
- Participants: Matrix Partners India (Z47), Tanglin Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To grow the customer base, add banking partners, and enhance product offerings.
- Series B Round
- Amount Raised: USD 40,000,000
- Date: April 3, 2025
- Lead Investors: Peak XV Partners
- Participants: Elevation Capital, Z47, 3STATE Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand market reach.
- Undisclosed Round
- Amount Raised: USD 63,000,000
- Date: May 20, 2026
- Lead Investors: General Catalyst
- Participants: Peak XV Partners, Z47
- Valuation at Round: Over USD 500,000,000 post-money
- Motivation Behind the Round: To continue scaling the travel credit card business after more than doubling its valuation in a year.
Total Amount Raised: USD 135,000,000 based on disclosed funding. Current Valuation: Over USD 500,000,000 post-money as of May 2026. As of September 2026, the company's latest disclosed round is its May 2026 undisclosed round of USD 63,000,000.
Key Investors
- General Catalyst
- Details: General Catalyst led Scapia's $63 million round in May 2026, which valued the company at over $500 million post-money.
- Investment Focus Areas: Technology, consumer internet, fintech.
- Notable Investments: Not publicly disclosed.
- Peak XV Partners
- Details: Peak XV Partners is a prominent venture capital firm that led Scapia's Series B round, investing approximately $25.6 million of the $40 million raised, and participated again in the $63 million round in May 2026.
- Investment Focus Areas: Technology, consumer internet, healthcare.
- Notable Investments: Not publicly disclosed.
- Matrix Partners India (Z47)
- Details: Matrix Partners India, now rebranded as Z47, led Scapia's $9 million seed round in June 2023 and continued as a participant in subsequent rounds, including the $63 million round in May 2026. Vikram Vaidyanathan from Z47 is actively involved with Scapia.
- Investment Focus Areas: Technology, consumer internet, fintech.
- Notable Investments: Not publicly disclosed.
- 3STATE Ventures
- Details: 3STATE Ventures is an investment firm led by Binny Bansal, co-founder of Flipkart. They co-led Scapia's Series A and participated in the seed and Series B rounds.
- Investment Focus Areas: Technology, e-commerce, consumer services.
- Notable Investments: Acko, Curefit, BlackBuck.
- Elevation Capital
- Details: Elevation Capital is a leading venture capital firm that co-led Scapia's Series A round and participated in the Series B round, investing approximately $7.3 million in the latter.
- Investment Focus Areas: Consumer internet, SaaS, fintech, healthcare.
- Notable Investments: Paytm, Swiggy, UrbanClap.
- Tanglin Venture Partners
- Details: Tanglin Venture Partners participated in Scapia's seed and Series A rounds as a supporting investor.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
What's Next for Scapia?
Scapia raised $63 million in May 2026 in a round led by General Catalyst, with existing backers Peak XV Partners and Z47 joining. The round set a post-money valuation of over $500 million, more than double the company's valuation a year earlier, and brought disclosed funding to $135 million across four rounds. The capital follows the $40 million Series B of April 2025, which was earmarked for scaling operations and expanding market reach.
The company continues to build its travel credit card business in India, where its card carries zero joining fees, zero annual fees, and zero forex fees, with rewards redeemable for travel through the Scapia app. Scapia will still need to contend with competition from other fintech companies, regulatory requirements around card issuance and bank partnerships, and the pace of product development required to keep growing.
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