AI-powered visa processing startup StampMyVisa has raised Rs 4 crore in a bridge funding round led by its existing investor Unicorn India Ventures. The company plans to use the funds to accelerate growth, strengthen marketing initiatives, and complete the integration of its recent acquisition, Teleport.
This latest infusion comes less than a year after StampMyVisa secured Rs 6.6 crore in November 2024, also led by Unicorn India Ventures. The Mumbai-based startup is now preparing for its Series A round as it continues to expand its footprint within the travel and technology sectors.
The new investment, according to the company, supports its strategic goal of expanding into new markets, especially in southern India following the Teleport acquisition. StampMyVisa claims the move has already led to a fourfold increase in revenue over the past year.
Visa Startup StampMyVisa
The startup’s proprietary AI-driven software, called Nucleus, has become central to its operations. Built in-house, Nucleus is designed to streamline visa documentation processes and minimize human errors. According to the company, this technology has helped reach an approval success rate of 99.5 percent while processing more than 75,000 visa applications over the past six months.
“India’s economic growth is driving outbound travel for work, studies, and leisure. While technology has disrupted most sectors, visa processing remains largely manual,” said Rahul Borude, Co-founder and CEO of StampMyVisa. He added that automation can dramatically reduce errors, a persistent cause of rejections in visa applications.
StampMyVisa’s platform currently enables travel agents, corporate clients, online travel agencies (OTAs), and MICE operators to process visas for more than 80 destination countries. The company is also exploring entry into the Gulf Cooperation Council (GCC) region to expand its service coverage.
Focus on Customer Offerings
In a move to diversify its services, StampMyVisa has also introduced new premium offerings targeted at travelers. These include SMV Insure, a trip protection feature that refunds booking expenses if a visa is rejected, and SMV Global, an international eSIM solution providing affordable and uninterrupted internet connectivity during travel. The company states that its eSIM service is 40 percent cheaper than standard international roaming options.
As outbound travel among Indians continues to rise, such complementary services are expected to enhance the travel experience and build customer loyalty. By positioning itself as an AI-enabled facilitator in a largely manual segment, the startup hopes to consolidate its competitive advantage in the growing travel technology market.
The company’s approach underscores a broader trend of digitization in visa and documentation services, a sector where speed, accuracy, and reliability are crucial to user satisfaction.
Investor Confidence
Unicorn India Ventures, one of the early investors in StampMyVisa, continues to back the company’s next growth phase. “Visa processing is stressful for travelers, and a significant portion of rejections stem from human error,” said Anil Joshi, Managing Partner, Unicorn India Ventures. “StampMyVisa’s use of AI addresses that gap effectively and adds measurable value to thousands of customers. Having seen their consistent milestones, we are confident in extending our support as they plan for a larger funding round.”
Analysts note that the company’s AI-first approach aligns with a broader industry trend, as automation continues to transform back-end processes in travel operations. The increased investor interest reflects confidence in StampMyVisa’s ability to capture new business across both B2B and consumer segments.
With travel volumes continuing to rebound post-pandemic, technology-driven visa services like StampMyVisa are expected to play an increasingly critical role in supporting seamless international movement. The latest funding boost positions the company well to capitalize on that opportunity and pursue its Series A ambitions in the coming months.
