Visa processing startup Atlys has raised $36 million in funding led by Susquehanna Asia VC, with participation from existing investors Elevation Capital, Long Journey Ventures and Peak XV Partners, while travel platform MakeMyTrip joined the round as a new investor.
The Bengaluru-based startup said it has processed nearly 450,000 visas since its last funding round and recorded 11x growth since its Series B in 2024. The company is currently operating at a 700,000 annual visa processing run rate, founder and chief executive Mohak Nahta said.
Since its Series B, Atlys has expanded beyond India into international markets, including the UAE, the US, the UK and Australia, which now contribute nearly half of its business.
âAtlys is on a 700K+ annual visa run rate, and as rising incomes drive a surge in global travel and cross-border experiences, the scale of the opportunity ahead is significant,â Nahta said. âOur mission is simple: remove the barriers that prevent people from exploring the world.â
The fresh capital will be used to expand into new international markets and accelerate the companyâs AI roadmap, including automating document verification, eligibility assessment and traveller support across the visa lifecycle.
âAtlys is digitising a workflow that has historically been manual and opaque,â said Sai Araveti, investment advisor to Susquehanna Asia VC. âOver time, the data layer the company is building around traveller identity and eligibility could become foundational infrastructure for global mobility.â
The Bengaluru-based startup said it has processed nearly 450,000 visas since its last funding round and recorded 11x growth since its Series B in 2024. The company is currently operating at a 700,000 annual visa processing run rate, founder and chief executive Mohak Nahta said.
Since its Series B, Atlys has expanded beyond India into international markets, including the UAE, the US, the UK and Australia, which now contribute nearly half of its business.
âAtlys is on a 700K+ annual visa run rate, and as rising incomes drive a surge in global travel and cross-border experiences, the scale of the opportunity ahead is significant,â Nahta said. âOur mission is simple: remove the barriers that prevent people from exploring the world.â
The fresh capital will be used to expand into new international markets and accelerate the companyâs AI roadmap, including automating document verification, eligibility assessment and traveller support across the visa lifecycle.
âAtlys is digitising a workflow that has historically been manual and opaque,â said Sai Araveti, investment advisor to Susquehanna Asia VC. âOver time, the data layer the company is building around traveller identity and eligibility could become foundational infrastructure for global mobility.â
Meridiano
