Z47-backed Scapia Raises $40M Series B led by Peak XV

At Z47, we back bold, mission-driven builders. We’re thrilled to share that Scapia has raised $40 million in Series B funding, led by Peak XV Partners, with continued support from Elevation Capital, 3STATE Capital, and Z47. The funds will accelerate product development in travel and financial services, AI, and team expansion - fuel for Scapia’s mission to reimagine travel and finance for modern Indians.

Founder & CEO, Anil Goteti has built an extraordinary business. His vision wasn’t just to create another travel credit card—it was to build joy into the journey itself. Whether it’s making airport lounge access feel less like a luxury and more like a default, or offering zero forex markup for globe-trotting millennials and Gen-Z. With their consumer focus and relentless innovation, Anil and the Scapia team are defining what it means to be a travel fintech in India.

On the series B, Anil Goteti, Founder & CEO of Scapia:
"Over the past three years, we have focused on creating exceptional travel products, forging strong banking partnerships, and building a talented team. This has rapidly positioned Scapia as the preferred co-branded card and travel platform for Gen-Z and Millennials in India. With the support of Peak XV and our existing investors, we are poised to accelerate our product roadmap and deliver innovative solutions to travellers faster than ever before."

“Scapia is transforming how the next generation of Indians travel and spend on experiences. Anil and team have crafted delightful user journeys through industry-first innovations like Airport Privileges, while providing a full-service travel platform including buses and trains. Throughout this journey, they have also built a highly compliant fintech model with the Scapia co-branded credit card. We are privileged to be their earliest backers and are delighted to double-down on our investment here. We welcome Peak XV to the partnership and to Scapia’s continued scaling journey.” said Vikram Vaidyanathan, Investor & MD, Z47

The Scapia travel credit card (developed in partnership with Federal Bank) has been a game-changer, offering:

• Zero joining/annual fees
• Unlimited domestic lounge access
• No forex markup
• Up to 20% rewards on travel bookings

With features like “Scapia Unmapped” experiences, train and bus bookings, travel visas, and “Travel Now, Pay Later” options, Scapia transformed a fragmented experience into one smooth, rewarding ride. Over the last year, Scapia cardholders have traveled to 100+ countries. The launch of their new RuPay variant, will bring the Scapia travel experience to an even broader audience across India’s UPI-powered economy.

"Millennials and Gen Z are turning travel into a guilt-free, all-pleasure experience, which is setting the stage for rapid growth in the travel industry in India. Scapia is uniquely positioned to fuel this revolution by merging a booming travel market with an untapped credit card market to offer a unique and delightful experience to this customer base. We are thrilled to partner with Anil and the team as they build an experience-led consumer internet company for the next decade." said Tejeshwi Sharma, MD, Peak XV Partners 

‍"The travel fintech space represents a significant opportunity, especially considering that Gen Z and millennials now account for 50% of all credit card issuance in India—pointing to a rapidly growing, digital-first consumer base that will fuel an $80–100 billion annual revenue opportunity by 2030. Scapia's product-market fit positions them perfectly to capture an outsized share of this growing segment. Their co-branded card has tapped into exactly what the consumers want—zero joining & annual fees, no forex markup, and meaningful rewards that enhance the travel experience. We're confident in Scapia's continued momentum and pleased to strengthen our partnership with Anil and the team” said Mridul Arora, Partner, Elevation Capital

From the early days, we knew Scapia was different—not just because of the tech or the TAM, but because of the team. Anil’s clarity of vision, his pace of execution, and his care for the user experience have been nothing short of world-class. With more Indians traveling than ever before, Scapia’s journey is only getting started, and we’re looking forward to the next destination.

Check out one of our early conversations with Anil, on building a travel fintech company

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About Scapia
Scapia is a travel fintech company built on the belief that the world and humanity get richer when people travel. The brand offers financial products and travel services for young millennials & Gen-Z through their co-branded credit cards. Connecting travellers with millions of merchants across the globe, the card is accepted in India and over 150 countries.

‍About Z47
‍Z47 is a “founders-first” venture capital firm with an AUM of $3.5 billion, spanning over 100 investments since 2006. Our commitment is to founders who are determined to lead India to its destiny as a developed nation by 2047. Z47’s investment focus includes FinTech, Consumer Brands & Tech, B2B Commerce & Manufacturing, and Enterprise & AI. We are proud partners to Ola, Ola Electric, Krutrim, Razorpay, Dailyhunt, Neysa Networks, Five Star Business Finance, MoEngage, Atomicwork, Country Delight, and OfBusiness, among others. Z47 has offices in Mumbai, Delhi and Bangalore. For more information, visit www.z47.com or write to newsroom@z47.com.

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