Atlys raises $36 million in Series C round led by Susquehanna Asia VC

Atlys raises $36 million in Series C round led by Susquehanna Asia VC

• Atlys raised $36 million in Series C led by Susquehanna Asia VC
• Atlys processes visas digitally for 120+ destinations
• Funds will help Atlys expand globally and boost AI capabilities

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Visa processing startup Atlys has raised $36 million in a Series C funding round led by Susquehanna Asia VC, with participation from existing investors Elevation Capital, Long Journey Ventures and Peak XV Partners. MakeMyTrip joined the round as a new investor.

Moneycontrol, in December last year, was the first to report that Atlys was nearing a deal to raise $35–40 million (around Rs 310–360 crore) in a fresh funding round from Susquehanna International Group (SIG), and MakeMyTrip (MMT).

The funding comes as the startup sees strong growth in visa processing volumes. The company said it is currently operating at a 700,000+ annual visa run rate and has grown 11 times since its Series B round in 2024.

Founded by Mohak Nahta, Atlys enables travellers to discover, apply for and manage visas digitally across 120+ destinations. Since its last funding round, the company has processed nearly 450,000 visas while expanding across international markets including the UAE, the US, the UK and Australia, which now account for nearly half of its business.

“We are currently on a 700K+ annual visa run rate, and as rising incomes drive a surge in global travel and cross-border experiences, the scale of the opportunity ahead is significant,” said Mohak Nahta, founder and CEO of Atlys. “Our mission at Atlys is simple: remove the barriers that prevent people from exploring the world. Passport strength should never determine someone’s ability to travel.”

The company said it plans to use the fresh capital to expand into new international markets and accelerate its AI roadmap, embedding intelligence across the visa lifecycle—from document verification and eligibility assessment to real-time traveller support.

“For millions of travellers, the visa is the first gate to international travel,” said Sai Araveti, investment advisor to Susquehanna Asia VC. “By automating applications, improving approval outcomes, and bringing transparency to timelines, Atlys is making cross-border travel significantly more reliable.”

Prior to this round, Atlys raised its Series B funding in 2024, led by Peak XV Partners and Elevation Capital. Its earlier funding rounds include a Series A in 2023 led by the same investors, a seed round in 2021 led by Andreessen Horowitz, and an earlier pre-seed round led by South Park Commons.