Visa processing platform Atlys raises $20million funding co-led by Peak XV Partners and Elevation Capital

Visa processing platform Atlys has raised $20 million in its Series B funding round, the company said in a statement today, September 24.

Existing investors alongwith new investors such as DST Global and Headline also took part in the round.

Shraeyansh Thakur, Principal at Peak XV, commented, "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.”

"Atlys is one of the most innovative products to emerge in the travel space in a long time—a space where many have focused on transaction revenue without addressing the real pain points of global travellers. 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," said Mayank Khanduja, Partner at Elevation Capital.

The fresh funding comes just after a year when the startup had raised $12 million in its Series A round co-led by Peak XV Partners and Elevation Capital. 

Founded in 2021 by Mohak Nahta, Atlys simplifies visa processing and global travel. Through its intuitive platform, even first-time travellers can confidently navigate visa applications. Driven by the mission to enable every person to travel freely, Atlys is paving the way for a world where borders are no longer a barrier to exploration.

"This investment will enable us to continue scaling globally and ensure that travellers can obtain their visas on time, every time. As India’s 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," said Mohak Nahta, Founder and CEO of Atlys.