Friday, June 14, 2024
Outlook.com
Outlook India
Outlook Business

Atlys raises $12 Million From Sequoia and Accel: Report

Founded by former Pinterest engineer Mohak Nahta, Atlys aims to simplify the visa application process for users by using phone cameras to scan documents and providing step-by-step guidance throughout the entire process

Atlys raises $12 Million From Sequoia and Accel: Report

Outlook Start-Up Desk

POSTED ON March 17, 2023 9:51 AM

Atlys, an online visa application platform, has raised $12 million in funding from Sequoia Capital and Accel Partners in its first funding round of 2023, as per Entrackr. The start-up plans to use the fresh investments to expand its coverage in India and other countries, as well as to build out its team.

Founded by former Pinterest engineer Mohak Nahta, Atlys aims to simplify the visa application process for users by using phone cameras to scan documents and providing step-by-step guidance throughout the entire process. The company's mobile app also helps users track appointments, take passport photos at home, and securely store travel documents and information for future use.

According to the company's website, Atlys has facilitated over 120,000 visa applications across more than 150 destinations, with an average application time of just over four to ten minutes.

Atlys' main competitor is Gurugram-based Visa2Fly, which raised $414,000 in a pre-seed round last year and has partnered with several travel firms, including SpiceJet and Ixigo, to further boost distribution and reach.

This funding round brings Atlys' total funding to over $16 million, after it raised $4.25 million in a seed round led by Andreessen Horowitz in October 2021. The seed round also saw the participation of Pinterest co-founders Ben Silbermann and Evan Sharp.
 

  • Related Articles

    As per LinkedIn, Vivek Gambhir joined boAt in February 2021 from Godrej Consumers Products, where he served as managing director and CEO of the company for more than seven years

    boAt Elevates Vivek Gambhir As Chairman, Co-Founder Sameer Mehta Named As CEO

    During a Twitter live session, Chandrasekhar said he heard that over $200 million of start-ups' deposits have been transferred to GIFT City bank

    MoS IT Estimates Over $1 Billion Exposure Of Indian Start-Ups To SVB

    The teams will first use the QNX Software Development Platform (SDP) evaluation hardware and software to design and accelerate the development of systems that are safe, secure and offer real-time...

    BlackBerry Announces New ‘IoT Centre of Excellence’ In Hyderabad