Atlys, a leading visa processing platform, has raised $20 million in its Series B funding round. Peak XV Partners (formerly Sequoia Capital India) and Elevation Capital co-led the round.
This new funding marks a pivotal milestone in Atlys’ rapid ascent, with the company experiencing 20x growth over the past year. The platform has expanded its footprint in key global markets, including the US, UAE, and the UK. It has also strengthened its leadership team with top-tier hires in product, engineering, and marketing.
The fresh capital will fuel Atlys’ aggressive expansion strategy, empowering the company to enhance its product and engineering capabilities, enter new markets, and scale operations globally. A core focus remains on meeting the growing needs of travellers, particularly in UAE and India, where international tourism is booming.
The UAE has emerged as Atlys’s second-largest market after India. Atlys, which serves over 100 countries from the UAE, has established an office in western Dubai to support its growing customer base.
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Speaking on the rounding, Mohak Nahta, Founder and CEO of Atlys said, “Atlys has seen extraordinary 20x growth over the last 12 months.
“This investment will enable us to continue scaling globally and ensure that travellers can obtain their visas on time, every time. As outbound tourism surges, the need for a seamless, on-time visa process is more critical than ever. We are one step closer to a world where borders no longer restrict exploration.”
Shraeyansh Thakur, Principal at Peak XV, added, “Travel continues to see strong tailwinds globally and our thesis is that visas are just the starting point. We believe Atlys can go on to become a broader travel services platform for a range of use cases for travellers globally, and we are excited to deepen the partnership with Mohak and the Atlys team on this journey.”
Furthermore, Mayank Khanduja, Partner at Elevation Capital, said, “Atlys is one of the most innovative products to emerge in the travel space in a long time. We believe in their long-term vision and the value they are creating, for global travellers in today’s fast-paced world. This new round of funding is a testament to the progress they’ve made, and we’re excited to support them as they scale into new markets and continue redefining what seamless travel looks like.”
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