TBM Staff - Mumbai
StampMyVisa has raised INR 6.6 crore in a pre-Series A funding round led by Unicorn India Ventures. This investment will support StampMyVisa’s expansion plans, enhance its AI capabilities, and introduce new services to simplify visa applications for B2B clients, including travel agencies, MICE companies, OTAs, and corporate travel departments. By streamlining the visa process, the platform reduces errors and ensures compliance, offering a scalable solution for businesses.
In the past year, StampMyVisa’s daily visa processing volume has grown from 50 to 350, a sevenfold increase. With this momentum, the company aims to process one million visas annually within the next 12-18 months, establishing itself as a leader in India’s visa processing industry. Plans include expanding to tier-II and tier-III cities across India, catering to a growing demand for accessible and efficient visa services.
The funding will also enable the company to introduce SMV Protect Insurance, which refunds visa fees in case of rejection, and a travel eSIM feature, enhancing the platform’s offerings for clients and end-users. Rahul Borude, CEO highlighted India’s expanding middle class and growing interest in global travel, noting, “AI will transform how Indians manage visas, empowering new travelers to explore the world.”
Anil Joshi, managing partner at Unicorn India Ventures, emphasised the platform’s potential to redefine global mobility management through AI, creating a seamless and error-free visa application experience for businesses and travelers alike.
