Atlys is an online visa application platform planning to raise $15 to $18 million in a Series-B round from  Peak XV partners. Entrackr reported that this Mumbai and San Francisco-based startup plans to raise  its series-B round. Last year, the startup raised $12 million in a series A round led by Peak XV partners  and Elevation Capital. The company has raised more than $17 million in all its funding round to date. 

A person close to this deal told Entrackr that Peak XV partners will lead the round and after this round, Atlys is expected to have a valuation of more than $70 million. Founded by Mohak Nahta this startup  claims to be a trusted global platform with 99.5% on-time delivery for more than 150 destinations. The  company provides an online platform to make the process of getting a visa easy, fast, and secure. The  platform can be accessed from anywhere, with a simple click of photo, and scanning of documents this  app allows its user to complete online visa applications in minutes.  

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Entrackr reported that the platform proceeds more than 30,000 Visa applications per month, with  India’s contribution being more than 60 percent. The startup recently launched a feature to provide  financial security to return the money in case the visa application gets rejected. The CEO and founder  of Atlys, Mohak Nahta told entrackr that the company is not engaging in any fundraising activity at  present. According to the source, this series B funding round will be led by Peak XV and may close in  two months.  

The startup claims to have processed more than 5 lakh visas and enabled e0visa applications for more  than 100 countries including India, UAE, Japan, Australia, Russia, and Argentina. The latest feature  allows users to refund up to Rs 8,000 if the visa gets rejected. The global e-visa market is predicted to  grow and reach the size of $4.03 billion by 2031. Atlys competes with other B2B and B2C companies  including VisaHQ, Visa2Fly, and stampThePassport, among others. 

Conclusion: 

An e-visa-providing platform startup, Atlys plans to raise $15-18 million in its series B round with the  help of Peak XV partners. Last year, the startup raised $12 million in a series A round led by Peak XV  partners and Elevation Capital. The company provides an online platform to make the process of  getting a visa easy, fast, and secure. The platform can be accessed from anywhere, with a simple click  of photo, and scanning of documents this app allows its user to complete online visa applications in  minutes. The latest feature allows users to refund up to Rs 8,000 if the visa gets rejected. After the  series B funding round and after this round, Atlys is expected to have a valuation of more than $70  million. The CEO and founder of Atlys, Mohak Nahta told entrackr that the company is not engaging in  any fundraising activity at present.