GENERAL CATALYST LEADS $63M ROUND IN INDIA TRAVEL PAYMENTS

Scapia operates at the intersection of travel and fintech, offering users an integrated platform for booking trips while accessing specialized payment solutions through co-branded credit cards and digital wallets. The $63 million Series B round positions the startup to expand its footprint in India's travel payments market, a segment seeing increased competition as digital payment adoption accelerates across the country. General Catalyst's lead investment signals confidence in Scapia's business model, which targets the growing segment of Indian travelers seeking seamless booking and payment experiences. The funding round roughly doubles the company's valuation, marking a significant milestone in its growth trajectory. India's travel sector has seen sustained growth despite recent headwinds, with digital payment infrastructure improvements creating opportunities for fintech-focused startups. Scapia's combination of travel booking and payments aims to capture value across both categories.