Tag: Investors

  • Atlys Funding: Visa Processing Startup Raises $36M Series C to Expand AI Globally

    Atlys Funding: Visa Processing Startup Raises $36M Series C to Expand AI Globally

    Atlys is a visa processing startup that lets travellers discover, apply for, and manage visas digitally, and it has now raised $36 million in Series C funding. The pitch is simple: getting a visa is still weirdly manual, slow, and stressful even though almost every other part of travel has gone online. Founded in 2021 by Mohak Nahta, Atlys plans to use the fresh capital to expand globally and push deeper into AI across the full visa journey.

    That matters because Atlys isn’t selling a dreamy travel app. It’s trying to clean up one of the ugliest parts of international mobility.

    The company is now running at more than 700,000 visas annually and has grown 11x since its 2024 Series B. Since that last round, it has processed nearly 450,000 visas. Markets including the UAE, the US, the UK, and Australia now make up almost half of the business.

    What is Atlys and how does this visa processing startup work?

    Atlys takes the standard visa workflow — reading country rules, gathering documents, filling forms, chasing timelines, and wondering if you missed something — and turns it into a guided digital flow. On its enterprise product, users answer a few prompts and upload documents once. The platform then auto-fills applications, stores reusable files, and generates a real-time risk report before submission. It also handles extras like itineraries and cover letters. Hotel and flight documents are included too, along with secure passport logistics in some cases.

    A lot of the value is in the small stuff people hate. Atlys says its system can reuse stored documents and support bulk applications. It also integrates with HR systems so business travellers don’t have to chase payslips or company letters every single time. For travel agents, it supports group uploads and a single dashboard for managing large batches of applicants.

    Then there’s the AI layer. Atlys has rolled out tools for visa-photo correction and passport-scan quality checks. It also offers pre-qualification across 100+ visa types, and a support bot called BOLO that already handles 38% of customer interactions while cutting resolution time to 3.4 minutes. Another feature gives applicants real-time guidance on exact document requirements and timelines based on their profile instead of dumping them into generic FAQ hell.

    That’s the real before-and-after here. The old model is embassy websites, opaque agents, and repeated uploads. The Atlys model is closer to a consumer software product — faster intake, live tracking, prediction, and a cleaner interface. But it’s still bound by government rules, appointment availability, and final visa decisions, so software can reduce friction without fully removing the state from the loop.

    Who founded Atlys and why did they start it?

    The founding story

    Atlys was founded in 2021 by Mohak Nahta, who still runs the company as CEO. His starting point was pretty personal: he’s said the visa process felt tedious, uncertain, and not at all traveller-friendly, especially for people carrying passports that don’t open doors as easily as American or European ones. That frustration became the company’s core thesis — visa access shouldn’t depend on how good you are at bureaucracy.

    Nahta has framed the company in broader terms too. In the latest funding announcement, he said Atlys wants to “remove the barriers that prevent people from exploring the world” and argued that passport strength shouldn’t decide someone’s ability to travel.

    Why Mohak Nahta made sense for this problem

    He wasn’t coming at it as a travel agent. Nahta previously worked at Pinterest in San Francisco as an engineer, which shows up clearly in the product-first shape of Atlys. He’s also a Carnegie Mellon graduate. The company’s bias toward automation, prediction, and workflow design doesn’t feel accidental.

    By early 2025, the company had moved beyond direct-to-consumer visa applications into B2B services and a government-facing product called Skylane, which digitises backend visa systems and builds structured risk profiles for consular review. That expansion suggests Nahta isn’t just fixing a user interface problem — he’s trying to own more of the underlying visa infrastructure stack.

    Traction, funding history, and what investors are buying

    Susquehanna Asia VC led this Series C. Existing backers Elevation Capital, Long Journey Ventures, and Peak XV Partners also participated, while MakeMyTrip came in as a new investor. Before this, Atlys raised a Series B in 2024 led by Peak XV Partners and Elevation Capital, a Series A in 2023 led by the same two firms, a 2021 seed round led by Andreessen Horowitz, and an earlier pre-seed round led by South Park Commons.

    The company currently processes visas for 120+ destinations. And the recent growth numbers are sharp enough to get attention: a 700,000+ annual visa run rate and 11x growth since the Series B. It has also processed nearly 450,000 visas since that last round. The international mix matters too. Almost half the business now comes from markets outside India, including the UAE, US, UK, and Australia.

    How does this visa processing startup compare with VFS and agents?

    Atlys isn’t really competing against one startup. It’s competing against an entire old stack.

    At the top of that stack are giant outsourcing firms like VFS Global, which operates in 166 countries and has processed more than 528 million transactions since 2001. Beneath that are companies such as BLS International and digital visa intermediaries like VisaHQ or iVisa. Then there’s the long tail of offline travel agents who still run applications through phone calls, PDFs, courier packets, and spreadsheet tracking.

    That’s why Atlys’s pitch feels different. VFS and similar firms are built around government contracts, application centres, and compliance-heavy logistics. Atlys is built like a consumer product first. It focuses on faster form filling and reusable documents. ETA prediction, approval-probability checks, better support, and cleaner digital onboarding are part of the pitch too. In plain English: incumbents help governments process volume, while Atlys is trying to make the applicant experience feel less punishing.

    There’s also a speed angle. Atlys has said parts of its platform can cut application time to under 5 minutes for some flows, and its government-facing Skylane system is aimed at shrinking approval windows from days to hours. Investors are likely backing that wedge — software on top of a massive, ugly, operational market that has historically rewarded scale more than user experience.

    Why does Atlys’ $36 million round matter?

    Because this round isn’t just growth capital. It’s product capital.

    Atlys says the money will go toward entering new international markets and accelerating its AI roadmap across the entire visa lifecycle — from document verification and eligibility assessment to real-time traveller support. The company is betting better automation can do more than cut costs. It can improve approval outcomes, reduce drop-offs, and make timelines feel less random for travellers.

    MakeMyTrip joining the cap table stands out too. A travel platform investing in visa infrastructure makes strategic sense — visas are often the first hard blocker in international travel, especially for Indian travellers. If Atlys becomes the default visa layer sitting underneath trip planning, that’s a stronger business than being “just an app for forms.”

    Susquehanna Asia VC’s involvement also says something about investor appetite here. This isn’t a flashy market on the surface. It’s paperwork. But it’s also recurring, global, and deeply fragmented. If Atlys keeps automating the messy middle while expanding its reach, this round could mark the point where it stops looking like a niche travel utility and starts looking more like mobility infrastructure.

    How big is the digital visa market in 2026?

    The macro timing is pretty friendly.

    UN Tourism said international tourist arrivals reached 1.4 billion in 2024, up 11% from 2023 and back to 99% of pre-pandemic levels. More travel means more visa demand.

    There’s also a structural digitisation trend underneath that rebound. Nahta said in 2023 that more than 60% of countries had already moved to e-visa systems, and he expected almost every country Indians travel to over the next five years to adopt e-visas. That doesn’t mean the process gets simple by itself. It means the paperwork moves online — which often creates a new kind of confusion that software companies like Atlys can turn into a cleaner experience.

    Market researchers estimate the global visa outsourcing services market was worth about $2.97 billion in 2024 and could reach roughly $5.49 billion by 2031. VFS still dominates much of the category, which tells you two things at once: the incumbents are huge, and there’s still room for challengers that come in through software, speed, and consumer UX instead of just physical centers and government contracts.

    Atlys now has the capital to test whether that thesis holds across geographies, not just within one fast-growing traveler base.

    Atlys looks like more than another visa processing startup chasing a travel rebound. It’s betting that visas — boring, bureaucratic, and deeply hated — can become a software category people actually choose. The next milestone isn’t just growth. It’s whether this new funding turns Atlys from a strong application layer into something governments, travel platforms, and enterprises can’t easily route around.

    Read how BambooBox raised $6.6 million in funding led by Peak XV Surge and why its AI-powered ABM platform is standing out to enterprise buyers and investors.

    FAQ

    What funding did Atlys raise?

    Atlys raised $36 million in a Series C round. Susquehanna Asia VC led the deal, existing investors Elevation Capital, Long Journey Ventures, and Peak XV Partners joined in, and MakeMyTrip came on board as a new investor.

    How does Atlys work for travellers? 

    Atlys turns visa applications into a guided digital workflow. Users upload documents, get forms auto-filled, receive document guidance and timing estimates, and can track application status live. The company has also added AI features for passport scans, visa photos, and customer support.

    Who is Mohak Nahta, the founder of Atlys? 

    Mohak Nahta founded Atlys in 2021 and serves as CEO. Before starting the company, he worked as an engineer at Pinterest in San Francisco after graduating from Carnegie Mellon, and he built Atlys after dealing with the friction of visa applications himself.

    What market category is Atlys in?

    Atlys sits in digital visa processing and visa outsourcing, with overlap across travel tech, mobility infrastructure, and enterprise travel operations. That category is growing alongside the rebound in global travel and the shift toward e-visas, with the wider visa outsourcing market estimated at nearly $3 billion in 2024.

  • nailinit ₹2.5-3 Crore Pre-Seed Funding: Why Gruhas Backed This Mumbai D2C Beauty Startup

    nailinit ₹2.5-3 Crore Pre-Seed Funding: Why Gruhas Backed This Mumbai D2C Beauty Startup

    Startup funding headlines don’t surprise anyone anymore.
    Another Mumbai D2C startup.
    Another pre-seed round.
    Another ₹3 crore cheque.

    But nailinit ₹3 crore pre-seed funding isn’t just another entry in India’s startup funding cycle.

    In 2024, the Mumbai-based D2C beauty startup raised ₹2.5–3 crore in a pre-seed funding round led by Gruhas Collective Consumer Fund (backed by Nikhil Kamath), along with Marsshot VC.

    What makes this nailinit funding round worth decoding isn’t just the capital raised. It’s the sequencing, execution discipline, and founder-market alignment behind it.

    nailinit Pre-Seed Funding Round Details

    Here’s a snapshot of the nailinit pre-seed funding round:

    • Funding Stage: Pre-Seed
    • Amount Raised: ₹2.5–3 crore
    • Lead Investors: Gruhas Collective Consumer Fund, Marsshot VC
    • Sector: D2C Beauty (Press-On Nails)
    • Location: Mumbai
    • Founded: 2024

    For a category-specific D2C beauty startup, this is a tightly structured early-stage funding round — not an inflated vanity raise.

    What Is nailinit? Inside the Fast-Growing Press-On Nails Startup

    nailinit is a Mumbai-based D2C beauty startup focused on premium press-on nails.

    Strategically, the brand sits at the intersection of:

    • Beauty and personal care
    • Creator economy
    • Social-first commerce
    • Convenience-led buying behaviour

    Product Highlights

    • Salon-quality press-on nails
    • 5-minute application
    • 40+ design options
    • ₹499–₹999 price range
    • Tagline: “Peel. Press. Pose.”

    India’s nail care category remains under penetrated compared to skincare and makeup. nailinit is building a press-on nails startup designed around frequency, experimentation, and impulse purchases — especially via quick commerce platforms.That repeat purchase behaviour strengthens the nailinit funding thesis.

    Who Invested in nailinit Pre-Seed Funding Round? Inside Gruhas Collective Consumer Fund’s Bet

    The nailinit funding round was led by Gruhas Collective Consumer Fund, a consumer-focused VC fund.

    The cap table also includes:

    • Shashank Kumar, Co-founder of Razorpay
    • Angels connected to Accel
    • Consumer startup ecosystem operators

    When operators invest at the pre-seed stage, they’re typically backing execution capability, not just projections.

    Distribution Before Dilution: Execution That Attracted Investors

    Before raising the ₹3 crore pre-seed funding, nailinit had already:

    • Secured listings on Zepto
    • Secured listings on Blinkit
    • Launched on Amazon
    • Opened a kiosk at Jio World Drive, Bandra
    • Announced expansion to Instamart

    They didn’t raise capital first and then chase distribution.
    They secured distribution first — and raised funding to accelerate.For a consumer-focused VC like Gruhas Collective Consumer Fund, this reduces go-to-market risk significantly.

    Founder-Market Fit: The Creator-Led Advantage

    nailinit founders bring strong ecosystem leverage.

    • Tanishq Ambegaokar previously built The Indian Startup Community (TISC), a 20,000+ founder-investor network.
    • Co-founder Shubham Singhal built Dot Media, an influencer management company that handled ₹100+ crore in creator transactions.

    This background translates into:

    • Strong creator relationships
    • Efficient influencer-led brand amplification
    • Deep content-to-commerce understanding
    • Community-driven product launches

    For investors evaluating pre-seed funding opportunities, this kind of founder-market alignment reduces execution uncertainty.

    The 200-Creator Launch Strategy That Accelerated Growth

    Instead of overspending on paid ads, nailinit hosted a large-scale creator launch event in Mumbai with 200+ influencers.

    The event generated:

    • Instant brand visibility
    • Organic Instagram traction
    • High social proof
    • Rapid brand recall among Gen Z consumers

    For a culture-led fund like Gruhas Collective Consumer Fund, this creator-native execution directly aligns with its consumer investment thesis.

    Why Gruhas Backed nailinit ₹3 Crore Pre-Seed Funding

    The investment thesis behind nailinit funding likely included:

    • An underpenetrated nail care market in India
    • Higher repeat purchase potential vs salon dependency
    • Quick commerce compatibility
    • Built-in creator amplification engine
    • Distribution secured before fundraising

     Press-on nails increase usage frequency compared to traditional salon visits.
    Frequency drives repeat revenue.
    Repeat revenue builds scalable consumer brands.

    That’s what makes this ₹3 crore pre-seed funding strategically significant.

    How nailinit Will Use the ₹3 Crore Pre-Seed Funding

    The ₹3 crore funding will be deployed toward:

    • Quick commerce expansion (Zepto, Blinkit, Instamart)
    • Strengthening its D2C website and online channel
    • Expanding product designs and SKUs
    • Scaling offline and online distribution

    Instead of spreading capital across risky experiments, nailinit is doubling down on distribution and category expansion.

    In early-stage startup funding, that’s a strong signal: traction already exists.

    Final Take: What nailinit ₹3 Crore Funding Signals for India’s D2C Ecosystem

    nailinit ₹3 crore pre-seed funding wasn’t capital for experimentation.

    It reflects a broader shift in how modern D2C beauty startups in India are being built.

    This funding round highlights:

    • Network compound interest
    • Distribution before dilution
    • Strong founder-market alignment
    • Strategic investor fit
    • Creator-native brand building

    In India’s evolving startup ecosystem, capital is increasingly raised to accelerate proven traction — not to discover it.

    nailinit funding story isn’t about the ₹3 crore cheque.
    It’s about the sequencing behind it.
    And in early-stage startup funding, sequencing is a strategy.

    FAQs About nailinit Funding

    Q. How much funding did nailinit raise?
    nailinit raised approximately ₹2.5–3 crore in a pre-seed funding round in 2024.

    Q. Who invested in nailinit?
    The round was led by Gruhas Collective Consumer Fund, along with Marsshot VC and several angel investors.

    Q. What does nailinit sell?
    nailinit is a Mumbai-based D2C beauty startup selling premium press-on nails designed for fast, at-home application.

  • How to Find Angel Investors for Startups in India: A Practical Guide

    How to Find Angel Investors for Startups in India: A Practical Guide

    How to find Angel Investors in India – This is a question that I often get from founders. 

    Angel Investors in India are a boon for startup founders. They back you when you are at a very early stage of your startup journey—you might have an MVP and some traction, and you need funds to further build your product, get more customers, and hire your initial set of employees.

    Angel Investors, as the name suggests, are Angels for startups. Angel Investors in India give you money from 5 lakhs to up to 5 cr in exchange for 5-15% equity in your company, depending upon the stage you are in. Before trying to understand how to find Angel Investors for Startups in India, let’s try to understand these Angel Investors.

    Find Angel Investors for Startups in India: Who are Angel Investors? 

    Angel investors are basically high-net-worth individuals who invest their personal funds in startups in an individual capacity, in exchange for equity or convertible debt in the startup. They could be startup founders, CXOs, top management professionals of the company with an excess of wealth, who choose to invest in startups. 

    They come at a very early stage in the startup journey and give higher freedom to startup founders to experiment and grow.

    Venture Capitalists, on the other hand, come at a later stage when the company has established a product-market fit and is looking to scale. VCs tend to put in a larger amount of money, get a higher stake in the company, and have control over the operations of the company. 

    What are the ways to find Angel Investors for Startups in India?

    Raising funds from angel investors for startups in India requires three major parts –

    1. Finalising the business plan and deciding on the ask amount
    2. Creating an email cover letter and pitch deck mentioning relevant details about your startup 
    3. Listing down angels and reaching out to them 

    We will cover what the different parameters are, based on which angels decide to fund your startup, but let us see different ways to reach out to angel investors for startups in India. 

    1. Angel Funds

    Angel funds are funds of a network of angels managed by a group of angels. These are some angel funds:

    1. Indian Angel Network (IAN): IAN is India’s largest network, investing across diverse sectors. They invest from 50 lakhs to up to 50 cr in startups. They have invested in more than 225 companies. You can read more about them on their website: https://iangroup.vc/
    2. Mumbai Angels: Mumbai Angels is a network of 700+ angel investors and has invested in 200+ companies so far. To pitch your startup to Mumbai angels, all you need to do is submit your business plan here: https://www.mumbaiangels.com/founder
    3. LetsVenture: LetsVenture is an early-stage fund that invests in startups at various stages – POC/Beta/Early Stage. Their ticket size varies from $100,000 to $ 1 M.
      Visit their website: https://app.letsventure.com/join/startup to pitch your startup
    4. AngelList India: AngelList provides a platform for investors as well as founders to connect. This platform lets you create a detailed startup profile, pitch your business, and connect directly with investors interested in your sector.

    2. Angel Listing Platforms

    You can Google it out – List of Angels in India, and you will find different platforms that list top angels of India along with their email IDs, but the catch here is that it only lists angels that are quite known in the circuit. However, there are lots of angels who keep it low profile and would love to invest in your startup. No worries, you can use the next method to reach out to such angel investors

    3. Social Media and Professional Networks

    LinkedIn is one of the most powerful tools for connecting with the right people, you just need to know how to leverage it in the right way. You need to start searching for Angel Investors on LinkedIn, and eventually, you will start getting suggestions from LinkedIn. Make sure to do a thorough research on the investor and her/his past investments and accordingly frame a small write-up and send a connection request. Do not spam the investors, and make sure to follow a very professional tone. The more clarity you provide in your short message about you and what you are trying to achieve, the higher will be chance of a response from the investor. 

    4. Startup Events, Meetups, and Conferences

    There are lots of startup events happening in India, you can track these events through different portals. Just Google “Start-up Events in Your city” and you will see lots of events. There are some annual events of TIE, Yourstory, and Startup Mahakumbh as well. Being part of these events, you can learn a lot and also connect with lots of angels. Make sure to do well research before going to the event and have your 1-minute pitch ready, as highly likely there will be other founders like you who are there to pitch their startup. Also, make sure to carry your card, and try to get Angel’s contact to share your pitch deck after the meeting. 

    5. Referrals and Warm Introductions

    Like I mentioned previously, there are lots of angel investors for startups in India, hidden in plain sight, and are a little difficult to reach out to. The best way to reach out to such investors is through referrals. You can get referrals from your friends, family, colleagues, or your college alumni network. You can also reach out to founders on LinkedIn and ask for referrals. 

    What Indian Angel Investors Look For before Investing in Startups 

    Before approaching an angel investor for funding your startup, it’s important to understand what makes them sign a cheque:

    • Founder: This is the most important factor for investors, as they are betting on founders since they are investing at such an early stage. They invest in founders who have strong knowledge of the industry and a clear vision of what they want to build. Founders should have a learning attitude and not get offended when provided feedback
    • Early Traction: Angel investors look for some validation of your idea/product before making an investment. It is easy to get an idea, and it’s difficult for angel investors to invest just on the basis of the idea. Hence, it is important to show some traction to show validation of the idea. 
    • Market Opportunity: They look for ideas that can be started small but have the potential to be a billion-dollar business going ahead. Any idea has to start small, but going ahead, you should have a vision to make the business big, hence, it is important to have a big market. 
    • Product Differentiation: It is very important to include a slide of competition analysis and clearly mention your USPs over competitors in the deck.