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Atlys, a visa processing platform, has raised $20 million in Series B funding co-led by Peak XV Partners and Elevation Capital.
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The funding will be used to expand Atlys’ global operations, enhance product and engineering capabilities, and meet growing demand for seamless visa processing.
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Atlys has seen 20x growth in the last 12 months, driven by India’s booming outbound tourism, with 30 million travellers venturing abroad in 2022.
Atlys, a leading visa processing platform, has secured $20 million in Series B funding to fuel its aggressive expansion strategy. The funding round was co-led by existing investors Peak XV Partners and Elevation Capital, with participation from DST Global and Headline. This investment will enable Atlys to enhance its product and engineering capabilities, enter new markets, and scale operations globally.
Atlys has witnessed remarkable growth, with a 20x increase in the last 12 months, driven by India’s surging outbound tourism. The company aims to capitalize on this trend, particularly in Tier II and Tier III cities, which contributed 43% of India’s outbound travel. Founder and CEO Mohak Nahta stated, “This investment will enable us to continue scaling globally and ensure that travellers can obtain their visas on time, every time.”
The funding will also support Atlys’ plans to expand its leadership team and strengthen its presence in key markets, including the US, UAE, and UK. Shraeyansh Thakur, Principal at Peak XV, noted, “We believe Atlys can become a broader travel services platform for a range of use cases for travellers globally.” With this investment, Atlys is poised to simplify visa processing and global travel for millions of travellers.
Founded in 2021, Atlys has raised funding from prominent investors, including Andreessen Horowitz (A16Z) and South Park Commons. The company’s mission is to make global travel seamless and accessible, starting with visa processing.
