Atlys, a visa processing platform, has successfully raised $20 million in a Series B funding round. This round was co-led by Peak XV Partners (formerly Sequoia Capital India) and Elevation Capital, with participation from existing investors such as DST Global and Headline. The company plans to use the new capital to expand its global operations, enhance its product and engineering capabilities, and explore new markets. Over the past year, Atlys has experienced 20x growth, largely driven by its innovative solutions like its predictive visa processing engine, which reduces uncertainty for travelers.
Atlys, founded by Mohak Nahta, is also looking to expand its offerings beyond visas, potentially adding services like travel insurance, Forex, and eSIMs to create a more comprehensive travel platform. The company’s growth is aligned with the increasing demand for international travel, particularly from markets like India
