The funding round was led by Susquehanna Asia VC, with participation from MakeMyTrip
Atlys plans to use the fresh capital to enter new international markets while expanding its presence in existing geographies
Prior to this round, the Delhi NCR-based startup raised $20 Mn in 2024, to improve product and engineering capabilities, enter new markets, and scale operations globally
Visa processing platform Atlys has secured $36 Mn (₹331.8 Cr) in a Series C funding round led by Susquehanna Asia VC, with participation from MakeMyTrip. Existing investors Elevation Capital, Long Journey Ventures, and Peak XV Partners also participated in the round.
Atlys plans to use the fresh capital to enter new international markets while expanding its presence in existing geographies. A portion of the capital will go into embedding intelligence across the entire visa lifecycle as well as strengthen regulatory integrations and global partnerships.
Founded by Mohak Nahta in 2020, Atlys is an online visa platform that claims to ensure on-time delivery of visas. It facilitates e-visa applications for more than 120 countries from India, including destinations like the UAE, Australia, Japan, Malaysia, Argentina, Russia, and Sri Lanka.
Besides visa service, Atlys also offers other global travel solutions, including eSIMs, forex, and travel insurance.
“We are currently on an over 7 Lakh annual visa run rate, and as rising incomes drive a surge in global travel and cross-border experiences, the scale of the opportunity ahead is significant,” Nahta said.
Prior to this round, the Delhi NCR-based startup raised $20 Mn in 2024to improve product and engineering capabilities, enter new markets, and scale operations globally. Shortly afterwards, it acquired visa service company Artionis’ UK subsidiary in an all-cash deal to expand overseas in February 2025.
Overall, the travel tech startup has raised over $73 Mn since its inception from investors like South Park Commons, Andreessen Horowitz (A16Z), DST Global, Headline,among others.
The development comes at a time when international travel is going through a rather tough patch with mounting global geopolitical uncertainties. The ongoing war in West Asia has posed significant risks to the operations of travel tech players. Multiple flight cancellations and changes in schedule have continued to affect the tourists traffic and reservations.
In this light, investors are cautious in the startups they back in this space. Instead of backing startups operating in the international travel market, VCs have been doubling down on investments in travel solution providers. Startups like BillionE Mobility, Carrum, Pumpumpum, to name a few, have raised fresh equity funding this year.
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