Online visa application platform Atlys on Thursday said it has raised $12 million in a Series A funding round led by Peak XV Partners and Elevation Capital.
The round also saw participation from existing investors Andreessen Horowitz (a16z), Musical Duo Chainsmokers, South Park Commons, Pinterest Founders, and other investors.
Launched in 2021, Atlys is a visa mobile application that claims its users can apply for a visa from anywhere in the world and complete their applications in minutes. It provides step-by-step guidance throughout the process that helps even first-time visa applicants, the company mentions on its website.
“Our USP is to transform a process riddled with anxiety into one with certainty. By leveraging over a million data points, we’re able to predict when you’re going to get a visa, reduce visa rejection rates, and we have built the tech to make that happen,” Mohak Nahta, founder, Atlys said.
The company competes with Visa2Fly, which raised $414,000 in a pre-seed round led by ODX last year.
“Travel is a fast-growing category in India that is seeing strong tailwinds post-COVID. Over 10 million new passports are being issued in India every year, adding materially to the base of travel aspirants from India. Visa is a critical pain point for travellers, and Atlys is building a next-gen platform to transform visa applications for travellers globally and reimagine international travel.” Shraeyansh Thakur, Principal, Peak XV.
Atlys previously scored $4.25 million in a seed round led by Andreessen Horowitz (a16z) in October 2021. The round also saw the participation of Pinterest co-founders Ben Silbermann and Evan Sharp.
Atlys said it aims to introduce other services such as credit for travel, remittance, and travel insurance as well.