Online Visa Processing Startup Atlys Secures $12 Million in Series A round led by Peak XV Partners

Peak XV Partners (formerly Sequoia Capital India) and Elevation Capital led a $12 million Series A round for the Indian online visa application platform Atlys.

According to a statement released by Atlys on Sept 20, existing investors Andreessen Horowitz (a16z), the musical duo Chainsmokers, South Park Commons, Pinterest Founders, and others participated in the round.

The funds raised, according to the statement, will be used to expand the platform's product offerings for travellers, attract customers, and strengthen the team through talent acquisition. In 2021, Atlys raised a seed round of $5 million.

In addition to visas, Atlys' goal is to alleviate a variety of other problems associated with international travel. This includes areas such as travel credit, remittance, and travel Insurance.

The world is rapidly moving towards e-visas, according to the statement. Over 60% of countries have already implemented e-visas, and more have announced plans to do so in the near future.

According to the company, Atlys is at the forefront of this shift and provides a world-class experience for travellers all over the world. With Atlys, travellers can apply for visas from anywhere in the world using the digital platform and receive their visas on time.

Mohak Nahta, the founder of Atlys, found the visa process to be tedious, uncertain, and unfriendly to travellers. He realised that the solution had to be digital and set out to build an app, which led to the launch of Atlys.