India, May 21 -- Travel-focused fintech startup Scapia has raised $63 Mn (around Rs.600 Cr) in a fresh funding round led by General Catalyst, with participation from existing investors Peak XV Partners and Z47.

A significant portion of the fresh funds will be deployed towards brand building. Scapia said it also plans to deploy the funds to accelerate its AI-first approach for building products and teams while increasing the customer base across India.

The Bengaluru-based startup plans to deploy a part of the capital to strengthen its product suite, founder and CEO Anil Goteti said.

Founded in 2022 by Goteti, Scapia offers co-branded credit cards in partnership with Federal Bank and Bank of Baroda, tailored for Gen Z and millennial trav...