TBM Staff - Mumbai
Atlys has raised USD 20 million in its Series B funding round, co-led by Peak XV Partners and Elevation Capital, with participation from existing and new investors such as DST Global and Headline. This round marks a significant milestone for Atlys, which has experienced 20x growth over the past year, expanding its presence in key global markets like the US, UAE, and the UK.
The fresh capital will support Atlys’ aggressive expansion plans, focusing on enhancing product and engineering capabilities, scaling operations, and entering new markets. With a core emphasis on addressing the rising demand from travellers, particularly in India, the company aims to simplify the visa process and ensure on-time approvals as international tourism surges.
Mohak Nahta, Founder and CEO, highlighted the importance of this funding in enabling Atlys to meet the growing needs of global travellers. Atlys has streamlined visa applications for over 150 destinations, reducing rejections and cutting processing times to as fast as 55 seconds, providing both convenience and security for users.
Investors from Peak XV Partners and Elevation Capital expressed confidence in Atlys’ long-term vision to become a broader travel services platform. They see Atlys as a key player in transforming the travel industry, addressing real pain points for global travellers, and driving seamless travel experiences through innovation.
