Atlys Secures $36 Million in Series C Funding with MakeMyTrip’s Investment, ETTravelWorld

Atlys has raised USD 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, and the addition of MakeMyTrip as a new investor.

The funding comes as Atlys continues to scale its global operations, having processed nearly 450,000 visas since its previous round while recording 11x growth. The company is currently operating at a run rate of over 700,000 visas annually.

Since its Series B in 2024, Atlys has expanded into key international markets including the UAE, the US, the UK and Australia, which now contribute nearly half of its overall business. The company’s growth aligns with broader global travel trends, with international tourism witnessing a strong recovery in recent years.

“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 plans to use the funding to expand into new international markets while strengthening its presence in existing regions. A key focus area will be accelerating its artificial intelligence roadmap, embedding AI capabilities across the visa lifecycle, including document verification, eligibility assessment and real-time traveller support.

Atlys is also working to build an AI-driven mobility infrastructure aimed at reducing friction in cross-border travel. The investment will further support regulatory integrations and partnerships designed to improve the speed and reliability of visa processing globally.

Sai Araveti, Investment Advisor to Susquehanna Asia VC, said, “For millions of travellers, the visa is the first gate to international travel. Mohak and the team have taken a deeply product and technology first approach to digitising a workflow that has historically been manual, opaque, and unpredictable. By automating applications, improving approval outcomes, and bringing transparency to timelines, Atlys is making cross border travel significantly more reliable. Over time, the data layer the company is building around traveler identity and eligibility can become foundational infrastructure for global mobility.”

Prior to this round, Atlys raised its Series B in 2024 led by Peak XV Partners and Elevation Capital, following earlier funding rounds backed by global investors including Andreessen Horowitz and South Park Commons.