Ever dreamt of jetting off to a far-off land, only to be held back by the complexities of the visa process? What if there was a way to make those dreams a reality, with just a few clicks?
That's precisely the vision of Atlys, the trailblazing visa processing startup, which just announced a significant milestone in its journey. Today, Atlys proudly revealed a $20 million boost in Series B funding, signaling an exciting new chapter in its quest to revolutionize how we experience global travel.
Atlys Funding
This impressive investment, co-led by prominent venture capital firms Peak XV Partners and Elevation Capital, brings Atlys' total funding to an impressive $40 million. This new influx of capital will serve as a powerful propellant for Atlys' ambitious expansion plans, allowing the company to:
- Innovate and Evolve: Enhance its technology, streamline processes, and provide an even more user-friendly experience for globetrotters.
- Conquer New Horizons: Expand its reach into new markets, ensuring travelers around the world can benefit from its efficient services.
- Scale with Confidence: Bolster its operational capabilities to support its growing customer base and meet the increasing demand for seamless visa processing.
Empowering Indian Travelers in a Booming Market
With India's outbound tourism witnessing an impressive surge, the need for a hassle-free visa process is more crucial than ever. Atlys is poised to meet this growing demand, particularly from travelers in Tier-II and Tier-III cities who are increasingly seeking international adventures.
"As India's outbound tourism surges, the need for a seamless, on-time visa process is more critical than ever," affirmed Mohak Nahta, founder and CEO of Atlys.
With the company reporting a remarkable 20x growth in the past year alone, it's clear that Atlys is rapidly becoming the go-to solution for Indian travelers.
Riding the Global Travel Wave
The world is embracing travel once again, with a staggering 1.3 billion international tourists taking flight in 2023. This resurgence, fueled by increased international tourism, a growing expatriate population, and the widespread adoption of digital travel tools, is expected to continue driving growth for years to come.
Atlys is strategically positioned to capitalize on this global trend. By automating and simplifying visa applications for over 150 destinations, it is eliminating the barriers that often stand between dreamers and their destinations. The company's impressive ability to reduce processing times to as little as 55 seconds further highlights its commitment to making travel accessible to all.
Beyond Visas: A Vision for a Seamless Travel Experience
Atlys' investors share its ambitious vision for the future. "Travel continues to see strong tailwinds globally, and our thesis is that visas are just the starting point," remarked Shraeyansh Thakur, principal at Peak XV Partners.
"We believe Atlys can go on to become a broader travel services platform for a range of use cases for travelers globally."
With its focus on innovation, customer-centric approach, and unwavering commitment to simplifying travel, Atlys is undoubtedly a rising star in the travel industry. As the world continues to embrace its wanderlust, Atlys is ready to guide travelers on their journeys, transforming dreams of exploration into unforgettable realities.
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