Funding · Commerce & Consumer Brands

Atlys raises $36 million in Series C funding

By Startup Enthusiast · 14 March 2026

What they do

Atlys is a visa processing platform helping travelers apply for visas from over 120 countries

The company secured $36 million led by Susquehanna Asia VC with new investment from MakeMyTrip

Funds will support expansion into new international markets and enhance AI-driven verification services

Atlys has secured $36 million in a Series C funding round.
Susquehanna Asia VC led the investment round for the Indian startup.
MakeMyTrip joined as a new investor taking a minority stake in the company.
Existing investors Elevation Capital, Long Journey Ventures, and Peak XV Partners participated in the round.
This brings the total capital raised by Atlys to over $73 million since inception.
The company plans to use the funds to enter new international markets.
Atlys intends to expand its AI roadmap for document verification and eligibility checks.
The startup previously acquired its UK subsidiary Artionis in an all-cash deal in February 2025.

Atlys processes over 7 lakh visa applications annually from India.
Visa volume grew 11 times since its Series B round in 2024.
Nearly half of the business revenue comes from international markets.
The company has processed approximately 450,000 visas since its previous funding round.

Atlys operates a digital platform for visa processing across more than 120 countries.
The service allows users to apply for visas directly from India.
Additional services include eSIMs, foreign exchange, and travel insurance.
The company serves both domestic Indian travelers and international customers.
Revenue is significantly driven by international market contributions.
The business model relies on high-volume application processing fees.
Technology plays a key role in automating document verification and support.
The company expanded its footprint through the acquisition of Artionis UK.
Growth metrics show rapid scaling in application volumes year over year.

Susquehanna Asia VC (lead) — Asia Venture Capital firm leading the Series C round.
MakeMyTrip (new investor) — Travel company taking a minority stake in Atlys.
Elevation Capital (existing) — Existing investor participating in the current round.
Long Journey Ventures (existing) — Existing investor participating in the current round.
Peak XV Partners (existing) — Existing investor participating in the current round.

Product: Digital platform facilitating visa applications, eSIMs, forex, and travel insurance for multiple international destinations
Customers: Individual travellers seeking simplified visa application and travel services across multiple countries
How it makes money: B2C SaaS platform providing visa processing services with embedded financial services (forex, travel insurance)
What sets it apart: Ensures on-time visa delivery with AI-assisted document verification, eligibility checks, and traveller support