Atlys, a visa processing platform, has raised USD 20 million in a Series B funding round led by Peak XV Partners and Elevation Capital. This funding will help the company enhance its product and engineering capabilities and expand its presence in key global markets like the United States, UAE, and UK.
The round also saw participation from existing investors and new backers, including DST Global and Headline.
Simplifying Visa Processes
Founded in 2021 by Mohak Nahta, Atlys aims to simplify the often complex visa application process. The platform is designed to be user-friendly, making it easy even for first-time travelers to navigate visa applications.
Atlys’s technology enables users to complete visa applications quickly, in 4–10 minutes, and reduces visa rejection rates. Their advanced system can process applications in as little as 55 seconds, and the platform currently serves over 150 destinations.
Massive Growth and Future Plans
According to Mohak Nahta, CEO of Atlys, the company has seen tremendous growth, with 20x growth over the past year. This new investment will allow Atlys to continue scaling globally and meet the increasing demand for seamless visa processing, particularly as India’s outbound tourism continues to grow.
Nahta said, “We are one step closer to a world where borders no longer restrict exploration.”
Broadening Atlys’s Services
This latest round of funding follows a successful Series A round of USD 12 million in September 2023 and a seed round of USD 4.25 million in October 2021. The company aims to evolve beyond visa processing into a broader travel services platform.
Shraeyansh Thakur, Principal at Peak XV Partners, highlighted that visas are just the beginning for Atlys. He believes that the platform can offer a wide range of travel services to travelers globally.
Mayank Khanduja, Partner at Elevation Capital, echoed this sentiment, noting that Atlys is addressing key pain points for travelers and is poised for significant growth as it enters new markets.
