Atlys, an innovative online visa application platform, has successfully raised $20 million in its Series B funding round, spearheaded by Peak XV Partners (formerly Sequoia Capital India) and Elevation Capital. This funding round arrives amidst a resurgence in venture capital investments in India, as investors show renewed interest in backing promising startups with significant financial commitments.
Funding Details and Expansion Plans
The latest funding round also attracted participation from existing investors, including Andreessen Horowitz and South Park Commons, alongside new investors such as DST Global and Headline. Mohak Nahta, Founder and CEO of Atlys, shared with Moneycontrol, “Since our last funding round, we have grown 20X. We will be using funds from this round to continue our expansion strategy both in India and international markets.”
Atlys has utilized this funding to enhance its leadership team and is setting its sights on new revenue streams such as foreign…