Can Binny Bansal-backed Scapia win the travel credit card race?

After spending nine years at e-commerce giant Flipkart during which he led multiple initiatives and programmes, Anil Goteti wanted to build something of his own. He contemplated setting up a ‘millennial-focused’ online travel aggregator (OTA), then a forex debit card, before finally zeroing in on his current offering—a credit card with travel rewards.

This, too, was no straightforward decision. Goteti’s team tested 72 models and conducted countless user interviews with “young, aspirational travellers” before Scapia was launched in June 2023. “We’re a fintech company with a travel commerce platform built-in. From Day One, we’ve built two businesses into one,” Goteti, the CEO and co-founder of Scapia, tells The CapTable. 

Before getting into why Scapia is making a splash lately, with credit card forums buzzing with user queries as well as gripes about unsuccessful card applications, it’s worth noting that India is witnessing one of the biggest post-pandemic travel rebounds in the world.