Visa processing platform Atlys has raised $20 million in its Series B funding round, co-led by Peak XV Partners and Elevation Capital. New investors such as DST Global and Headline participated alongside existing investors.

Expansion and Product Development

• The new funding will fuel Atlys' global expansion, enhance product and engineering capabilities, and support market entry initiatives.
• Atlys simplifies visa-related processes, reducing rejection rates and speeding up processing times to as quick as 55 seconds.
• The platform covers over 150 destinations, with the average application time ranging from 4-10 minutes.

Key Markets and Operations

• Atlys has expanded to markets including the US, UAE, and UK.
• The platform facilitates around 30,000 visa applications per month, with India contributing 60% (20,000 applications).

Leadership and Vision

• Mohak Nahta, Founder and CEO, highlighted Atlys' 20x growth over the past year, stressing the critical need for seamless visa processing as India’s outbound tourism surges.

"We are one step closer to a world where borders no longer restrict exploration."

Investor Insights

• Shraeyansh Thakur, Principal at Peak XV, noted that Atlys could evolve into a broader travel services platform.

"Visas are just the starting point for Atlys."

• Mayank Khanduja, Partner at Elevation Capital, praised Atlys for addressing real pain points in global travel.

"Atlys is one of the most innovative products to emerge in the travel space."

Source: Press Trust Of India