Visa application platform Atlys raises $12 Mn led by Elevation and Peak XV

Online visa application platform Atlys has raised $12 million in a Series A round led by Elevation Capital and Peak XV Partners (formerly Sequoia Capital India). The round also saw participation from existing investors Andreessen Horowitz (a16z), Musical Duo Chainsmokers, South Park Commons, Pinterest Founders and other investors.

Entrackr had exclusively reported about Atlys’ upcoming round in March.

Atlys will use the proceeds to expand the platform’s product offerings for travellers, attract customers, and further strengthen the team through talent acquisition, the company said in a press release.

Atlys had previously raised a $4.25 million seed round in 2021 and has a cumulative funding of $17.25 million to date.

Launched in 2021 by Mohak Nahta, Atlys is building a digital platform to make the visa process visa-related process easier in a quick time. As per its website, Atlys has facilitated over 120,000 visa applications, covering over 150 destinations and with an average time of just over 4-10 minutes spent to apply for a visa.

Atlys claims that so far, 99.2% visas come on time. It has also partnered with governments to facilitate visas and help them reduce overstays.

According to Atlys, over 60% of countries have already adopted e-visas, and more have announced their plans to move to e-visas in the near future and the firm is at the forefront of this shift and offers a world-class experience for travellers across the globe.

In addition to visas, it aims to solve other pain points of international travellers such as credit for travel, remittance and travel insurance.

Atlys competes with Gurugram-based Visa2Fly, which has also tied up with SpiceJet, Ixigo, and many other travel firms.