Atlys
Overview
Atlys is an online platform that streamlines the visa application process for travelers. Founded in 2021 by Mohak Nahta, the company is headquartered in New Delhi, India. Atlys has raised substantial funding from notable investors, including Peak XV Partners (formerly Sequoia Capital India) and Elevation Capital. The company focuses on automating and simplifying visa applications, ensuring quick and reliable visa processing for over 150 destinations worldwide.
Recent Developments
- Series B Funding (2024): Atlys raised $20 million in Series B funding co-led by Peak XV Partners and Elevation Capital. Other participants included DST Global and Headline.
- Series A Funding (2023): Atlys secured $12 million in Series A funding from Peak XV Partners and Elevation Capital.
- Seed Funding (2021): Atlys raised $4.25 million in a seed funding round led by Andreessen Horowitz.
- Growth Trajectory (2023-2024): The company has reported a 20x growth in users over the past year, leveraging a 99.5% on-time delivery rate for visa processing.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2021 |
| Headquarters | New Delhi, India |
| Founders | Mohak Nahta |
| Revenue | $182.8K (2023) |
| Profits | Not specified |
| Key Investors | Peak XV Partners (formerly Sequoia Capital India), Elevation Capital, Andreessen Horowitz |
| Industry | Travel, Technology |
| Number of Employees | 181 (as of 2023) |
Early History
Atlys was founded in 2021 by Mohak Nahta, a former engineer at Pinterest. Nahta conceived Atlys to address the cumbersome and often frustrating process of visa applications. His vision was to create a platform that simplifies this process through automation and innovative technology, making international travel more accessible and less stressful for users.
Company Profile and Achievements
Atlys operates as a travel tech startup focusing on automating visa applications for international travelers. The platform simplifies the application process by scanning documents and providing step-by-step guidance, thus reducing processing times and rejection rates. Significant milestones include:
- 2021: Raised $4.25 million in seed funding led by Andreessen Horowitz.
- 2023: Secured $12 million in Series A funding from Peak XV Partners and Elevation Capital.
- 2024: Raised $20 million in Series B funding, co-led by Peak XV Partners and Elevation Capital.
- Expansion: Scaled its operations to serve key international markets, including the U.S., UAE, and the UK.
- Technology: Leveraged advanced automation to reduce visa processing times to as little as 55 seconds for over 150 destinations.
Current Operations and Market Position
Atlys is a leading player in the digital visa processing industry. The platform boasts a 99.5% on-time delivery rate for over 150 destinations. With a robust growth trajectory, the company aims to enhance its product and engineering capabilities, enter new markets, and scale its operations globally. Atlys competes with other visa processing startups like Visa2Fly but differentiates itself through advanced technology and strategic partnerships with governments.
Conclusion
Atlys has quickly established itself as an innovative leader in the travel tech industry by simplifying and automating the visa application process. With substantial funding and a rapidly growing user base, the company is well-positioned to continue its expansion and impact the global travel ecosystem positively.