Atlys: A startup solving visa problems and making international travel easier.
About Atlys: A fast growing startup from travel and tourism space
Atlys, a fast-growing startup, is revolutionizing the visa application process by leveraging technology to simplify and expedite what is often a cumbersome procedure. Founded just three years ago, Atlys recently raised $20 million in its Series B funding round, co-led by Peak XV Partners and Elevation Capital, with participation from prominent investors such as DST Global and Headline. This funding will enable the company to enhance its product and engineering capabilities, expand into new markets, and scale it s global operations to meet growing demand.
Finding multibagger stocks is important for building wealth. Discover potential multibaggers at Sovrenn Discovery
Atlys's tech platform for visa processing
Atlys platform, processes visas for over 150 destinations, aims to reduce rejection rates and dramatically cut processing times to as quick as 55 seconds. Atlys boasts an impressive 20x growth over the past year, facilitating around 30,000 visa applications monthly, with India contributing more than 60% of these applications. The company ’s user-friendly interface allows travelers to complete visa applications in just 4 to 10 minutes, significantly reducing the traditional delays and frustrations associated with the process.
Atlys’ business model targets a growing global market for visa services, capitalizing on the rise in international travel post-pandemic. With outbound tourism from India experiencing rapid growth—especially from tier-II and tier-III cities—the startup is well-positioned to tap into this increasing demand. Furthermore, the company is expanding its operations in key global markets, including the US, UAE, and UK, making it a formidable player in the travel tech space.
The latest funding round highlights the confidence investors have in Atlys' vision of becoming more than just a visa processing platform. As travel services continue to evolve, Atlys aims to expand its offerings and potentially become a one-stop platform for global travelers.
Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at Sovrenn Education
Atlys Revenue model
Atlys operates on a tech-driven revenue model that focuses on simplifying the visa application process for global travelers, generating revenue through service fees. Users pay for the convenience of a fast and reliable visa processing system that significantly cuts down the time and effort required for applications. By offering an all-in-one platform that handles visa applications for over 150 countries, Atlys charges a fee based on the complexity and urgency of the visa process, making it a valuable service for frequent travelers and those navigating challenging visa requirements.
Additionally, Atlys’ future plans include diversifying its offerings into related travel services, such as Forex exchange, travel insurance, and eSIMs, creating additional revenue streams by offering more comprehensive travel solutions on a single platform. This allows the company to monetize not just the visa process, but other aspects of travel, expanding its customer base and increasing user engagement with value-added services.
Atlys benefits from its large-scale operations and growing customer base, particularly in markets like India, which contributes over 60% of the company's visa applications. With continued expansion into key global markets, Atlys is poised to increase its revenue streams through innovative, user-centric travel solutions.
Also Read: Is Vikas Lifecare a Good stock to Buy?
Mohak Nahta: Atlys founder's journey
Mohak Nahta, the founder and CEO of Atlys, created the company to solve a problem he faced personally: the frustrating process of securing visas in a timely manner. A former engineer and product manager at Pinterest, Mohak was no stranger to building products, having previously pursued several entrepreneurial ideas. His frustrations with obtaining visas while traveling for work inspired him to develop Atlys, initially as a side project.
This small idea turned into a startup that rapidly gained traction due to its ability to streamline visa applications. Over the years, Mohak successfully raised multiple rounds of funding, including $12 million in Series A and $20 million in Series B, allowing the company to expand its services globally.
Nahta's entrepreneurial journey is deeply rooted in his passion for problem-solving and his exposure to business early in life, growing up in India in a business family. He has transformed Atlys from a personal solution to an internationally recognized platform that handles thousands of visa applications monthly, making travel simpler for many.
His experience applying for visas as an Indian national, especially while traveling for work, inspired him to create Atlys, a platform designed to simplify the complex visa application process. After graduating from Carnegie Mellon University and working as a senior engineer at Pinterest, Nahta channeled his frustrations with traditional visa processes into building a solution that leverages technology to reduce rejections and speed up applications.
Atlys future business expansion plans
Atlys has ambitious future plans focused on expanding its offerings and global presence. The company aims to grow beyond visa processing by evolving into a comprehensive travel services platform. This includes adding features such as Forex exchange, travel insurance, and eSIMs for international travelers, allowing users to access multiple services from one platform. The idea is to create a seamless travel experience where Atlys handles all the logistical aspects of international trips, starting with visas and extending to other essential services.
In addition to expanding its product offerings, Atlys plans to enter new international markets, particularly targeting regions with high outbound tourism and complex visa requirements. This includes deepening its presence in India, the US, the UK, and the UAE, as well as exploring opportunities in other emerging markets where the demand for efficient visa services is growing rapidly(
By enhancing its product and engineering capabilities, Atlys intends to further reduce visa processing times and increase automation, making the application process even more user-friendly. The company is also looking to strengthen partnerships with travel agents and tour operators, offering its B2B solutions to make visa handling more efficient for larger travel businesses. With its rapid growth and backing from investors, Atlys is poised to become a dominant player in the travel tech industry, focusing on both individual travelers and business clients as it scales globally.
Also Read: List of Green Energy Stocks to Invest in India