 "Atlys secures million funding amidst explosive growth, revolutionizing visa processing for millions of travelers, especially from India.")
Atlys, a visa processing platform, has successfully raised $20 million in its Series B funding round, co-led by Peak XV Partners and Elevation Capital. This new investment brings Atlys’ total funding to $40 million and comes as the company has experienced remarkable 20x growth in the past year. The funds will support Atlys’ expansion into key global markets like the US, UAE, and UK, while improving its product and engineering capabilities. With international tourism on the rise, especially among Indian travelers, Atlys aims to streamline the visa application process, reducing rejections and processing times significantly. The company is well-positioned to address the growing demands of modern travelers and enhance their overall travel experience.
Visa processing platform Atlys has successfully raised $20 million in its Series B funding round, co-led by Peak XV Partners and Elevation Capital, along with contributions from new investors like DST Global and Headline. This brings the total funding raised by Atlys to $40 million to date, signaling significant growth for the company.
Over the past year, Atlys has experienced remarkable growth, achieving a 20x increase in its services and expanding its presence in crucial markets such as the US, UAE, and the UK. The new funding will be instrumental in enhancing Atlys’ product and engineering capabilities, allowing the company to explore new markets and scale operations worldwide.
Mohak Nahta, the CEO and founder of Atlys, expressed enthusiasm about the funding, noting the pressing demand for efficient visa services as international tourism continues to rise. With 30 million Indian travelers venturing abroad last year—a 20 percent increase—Atlys aims to streamline the visa application process, reduce rejections, and drastically cut processing times to as little as 55 seconds.
Atlys utilizes automation to simplify visa applications for over 150 destinations, addressing a critical pain point for global travelers. Investors see potential in Atlys as it evolves from a visa processing tool to a comprehensive travel services platform.
As the international travel sector experiences robust growth, Atlys is well-positioned to meet the increasing needs of travelers, especially in India, where a booming middle class is driving demand for seamless travel experiences.
For more updates on travel technology and related innovations, stay tuned.
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What is Atlys?
Atlys is a platform that helps people apply for visas more easily and quickly. -
Why did Atlys raise $20 million?
Atlys raised $20 million in Series B funding to improve their services and expand their team. -
How does Atlys help with visa applications?
Atlys provides guidance and tools to simplify the visa application process and reduce mistakes. -
Who can use Atlys?
Atlys is for anyone who needs to apply for a visa, whether for travel, work, or study. - What can we expect from Atlys after this funding?
With the new funding, Atlys plans to enhance their technology and offer more features to users.
