Visa-processing startup Atlys has successfully secured $36 million in a Series C funding round to enhance its global operations. The investment was led by Susquehanna Asia VC and saw participation from new investor MakeMyTrip alongside existing partners. This capital injection arrives as the company aims to further streamline cross-border travel amid a significant rebound in international tourism.
Fueling Global Expansion and AI Innovation
The fresh capital is earmarked for aggressive expansion into new international markets and accelerating the company's AI development. Atlys plans to embed advanced intelligence across the entire visa lifecycle, from document verification to real-time traveler support. This technological push aims to create a more automated and user-friendly application process for its growing customer base.
Since its previous funding round, Atlys has demonstrated remarkable growth, processing nearly 450,000 visas for travelers. The company is now operating at an annual run rate of over 700,000 applications, reflecting a strong market demand. Its expansion into the U.S., U.K., and UAE now constitutes almost half of its total business.
Strategic Investor Confidence
The funding round highlights strong confidence from both new and existing investors in the company's vision and execution. Susquehanna Asia VC led the investment, with online travel giant MakeMyTrip joining as a strategic new partner. Continued support from prominent firms like Peak XV Partners and Elevation Capital underscores Atlys's established market position.
Sai Araveti of Susquehanna Asia VC emphasized that the visa is the first critical gate to international travel for millions. By automating applications and improving approval outcomes, Atlys is making the journey significantly more reliable and transparent. This digitization is seen as a key step in building a larger infrastructure for global mobility and identity.
Addressing a Growing Market Need
Atlys's rapid ascent coincides with a robust recovery in the global tourism sector, which has returned to pre-pandemic levels. The increasing demand for simplified travel solutions positions the company to capitalize on the surge in cross-border movement. Its digital platform addresses a critical pain point for travelers navigating complex and often opaque visa requirements.
Founder and CEO Mohak Nahta stated that the company's core mission is to remove barriers that prevent people from exploring the world. He believes that a person's ability to travel should not be determined by the strength of their passport. This vision drives the company's commitment to making international journeys more accessible and friction-free for everyone.
This $36 million Series C funding round marks a pivotal moment for Atlys, solidifying its leadership in the travel technology landscape. With enhanced financial backing and strategic partnerships, the company is well-equipped to expand its global footprint and advance its AI capabilities. Ultimately, Atlys is poised to fundamentally reshape the visa application experience for millions of travelers worldwide.