Visa processing platform Atlys raises $ 20 million in its Series B funding round which is co-led by Peak XV Partners and Elevation Capital. The round saw participation from its investors, alongside new investors such as DST Global and Headline.

The fresh capital will add Atlys’s expansion plans to enhance the product and engineer new capabilities, enter new markets and scale operations globally.
The three-year old startup aims to make visa-related processes easier. Its tech, the company claims can reduce visa rejection rates, and streamline processing times to as quick as 55 seconds. The platform covers more than 150 destinations and with an average time of just over 4-10 minutes spent to apply for a visa.

Atlys has expanded its footprints in key global markets, including the US,,b> UAE, and the UK. It has also bolstered its leadership across product, engineering, and marketing departments.

As per sources, Atlys facilitates around 30,000 visa applications per month and India contributes more than 60% (20,000) visa applications.
While Atlys did not disclose its revenue and other metrics, it claims to have grown 20x over the past year.

Founder Mohak Nahta said the capital will be used to drive the company’s expansion, enhance its product and engineering capabilities, build a strong leadership team and scale global operations. Atlys has already set its sights on the Middle East as its next focus market.

Atlys, founded in the year 2021 by Nahta , a former Pinterest engineer,/b>, streamlines visa processing for travellers. The platform claims to cut visa processing times to just 55 seconds for more than 150 destinations, while also reducing rejection rates.