Atlys, a visa applications platform, has raised $12 million in a Series A funding round led by Elevation Capital and Peak XV Partners (formerly Sequoia Capital India), with participation from prominent investors, including Andreessen Horowitz, to revolutionize the visa application process and establish itself as a leader in traveler-centric solutions.
This announcement comes on the heels of Atlys’ earlier seed funding round in 2021, where they raised $4.25 million. With a cumulative funding of $17.25 million to date, Atlys is well-positioned to impact the travel industry significantly.
The round also witnessed participation from existing investors, including Musical Duo Chainsmokers, South Park Commons, and Pinterest Founders. The funding will be utilized to expand the platform’s offerings, attract customers, and bolster the team through talent acquisition.
“Atlys’ commitment to removing visa-related barriers aligns with the growing aspirations of Indians to explore the world. Their strategy to offer a new age visa service that’s economical, risk-free and data-driven will encourage quicker adoption of newer, more efficient procedures,” said Mayank Khanduja, Partner, Elevation Capital.
Streamlining Visa Applications
Launched in 2021 by Mohak Nahta, Atlys aims to simplify the visa application process, enabling travelers to obtain visas quickly and efficiently. The platform boasts over 120,000 successfully processed visa applications for more than 150 destinations, with an average application time of just 4-10 minutes.
“Our USP is to transform a process riddled with anxiety into one with certainty. By leveraging over a million data points, we can predict when you’ll get a visa and reduce visa rejection rates, and we have built the tech to make that happen,” said Mohak Nahta, founder of Atlys.
He added, “We believe every Indian should have the opportunity to travel anywhere without the burden of complex visa processes. Atlys can help Indians get visas on time to over 100 countries and has reduced the time for visa application to under three minutes.”
Atlys has achieved an impressive 99.2 percent on-time visa issuance rate and has partnered with governments to facilitate visas and reduce overstays. The company is capitalizing on the global shift toward e-visas, with over 60 percent of countries already adopting electronic visa systems and more planning to follow suit. Atlys is positioned as a leading player in this transformation, offering a seamless experience for travelers worldwide.
Atlys, a Game-Changer
Beyond visa services, Atlys has plans to address other pain points of international travel. This includes providing solutions for travel credit, remittance, and travel insurance, further solidifying its role as a comprehensive travel platform.
“Travel is a fast-growing category in India that is seeing strong tailwinds post-COVID. Over 10 million new passports are being issued in India annually, adding materially to the base of travel aspirants from India,” said Shraeyansh Thakur, Principal, Peak XV.
Visa is a critical pain point for travelers, and Atlys is building a next-gen platform to transform visa applications for travelers globally and reimagine international travel. We’re very excited to join Mohak and the team on their mission to enable travelers across the globe to travel with more freedom,” added Shraeyansh Thakur.
Atlys is leading the charge in simplifying and streamlining the visa application process. Their commitment to efficiency, transparency, and traveler-centric solutions positions them as a critical player in the evolving landscape of international travel.
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