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Events / Atlys Raises $36M Series C Funding
Business Series C funding

Atlys Raises $36M Series C Funding

Analysis based on 9 articles · First reported Mar 16, 2026 · Last updated Mar 17, 2026

Sentiment
60
Attention
4
Articles
9
Market Impact
Direct
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Market Impact

The successful Series C funding round for Atlys, led by Susquehanna Asia Venture Capital and joined by MakeMyTrip, signals strong investor confidence in the travel technology sector. This investment is expected to drive innovation in visa processing through AI, potentially streamlining international travel and boosting related industries.

Travel Financial services Software
Event Summary

Atlys, a visa processing startup founded by Mohak Nahta in 2021, has successfully raised $36 million in a Series C funding round. The round was led by Susquehanna Asia Venture Capital, with participation from existing investors Elevation Capital, Long Journey Ventures, and Peak XV Partners. MakeMyTrip joined as a new investor. Atlys plans to utilize the fresh capital to expand into new international markets, strengthen its presence in existing regions like the UAE, US, UK, and Australia, and significantly invest in advancing its artificial intelligence capabilities across the visa lifecycle. The company, which processes over 700,000 visas annually, has seen an 11-fold growth since its previous funding round and aims to simplify visa processes and reduce barriers to global travel. This funding follows earlier rounds including a Series B in 2024 and investments from Andreessen Horowitz and South Park Commons.

Key Actions
100 Atlys raised Series C funding
90 Susquehanna Asia Venture Capital led Series C funding round Atlys
80 Atlys expanded into new international markets
80 Atlys invested in advancing artificial intelligence capabilities
70 MakeMyTrip joined as new investor in Series C funding round Atlys
60 Elevation Capital participated in Series C funding round Atlys
60 Peak XV Partners participated in Series C funding round Atlys
50 Long Journey Ventures participated in Series C funding round Atlys
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Entities Involved
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Atlys
Atlys successfully raised $36 million in Series C funding, which will be used to expand into new markets, strengthen its presence in existing regions, and advance its artificial intelligence capabilities. This funding round signifies strong investor confidence in its growth potential and technology-led approach to visa processing.
Importance 100 Sentiment 70
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Susquehanna Asia Venture Capital
Susquehanna Asia Venture Capital led the Series C funding round for Atlys, demonstrating its investment in a technology-led approach to digitize the visa process. This investment aligns with their strategy to support companies with significant growth potential in global mobility.
Importance 90 Sentiment 50
per
Mohak Nahta
Mohak Nahta, founder and CEO of Atlys, successfully secured $36 million in Series C funding, demonstrating his leadership and vision for the company's expansion and technological innovation. His mission to remove barriers to international travel is being supported by significant investment.
Importance 80 Sentiment 60
stock
MakeMyTrip
MakeMyTrip joined Atlys' Series C funding round as a new investor, signaling a strategic interest in the visa processing sector and potential synergies with its travel platform. This investment could enhance MakeMyTrip's offerings and market reach.
Importance 70 Sentiment 20
priv
Elevation Capital
Elevation Capital participated as an existing investor in Atlys' Series C funding round, indicating continued confidence in the company's growth and market position. Their repeated investment reinforces the perceived value and potential of Atlys.
Importance 60 Sentiment 30
priv
Peak XV Partners
Peak XV Partners, formerly Sequoia Capital India, participated as an existing investor in Atlys' Series C funding round, reaffirming their commitment to the company's vision and growth trajectory. Their continued investment highlights the perceived long-term value of Atlys.
Importance 60 Sentiment 30
priv
Long Journey Ventures
Long Journey Ventures participated as an existing investor in Atlys' Series C funding round, showing ongoing support for the company's expansion and technological advancements. This participation reflects their belief in Atlys' mission to simplify international travel.
Importance 50 Sentiment 30
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Relationships
Mohak Nahta related ↔ Atlys
Sai Araveti related ↔ Susquehanna Asia Venture Capital
Atlys related ↔ Susquehanna Asia Venture Capital
Atlys related ↔ MakeMyTrip
Susquehanna Asia Venture Capital related ↔ MakeMyTrip
Mohak Nahta related ↔ Susquehanna Asia Venture Capital
Mohak Nahta related ↔ MakeMyTrip
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