Visa2Fly Nets $2 Mn To Boost Automation In Visa Processing

Traveltech startup Visa2Fly has secured $2 Mn (around INR 17 Cr) in a seed funding round led by M Venture Partners, along with participation from Flipkart Ventures, FinSight Ventures and Thinkuvate. 

The Gurgugram-based startup is planning to deploy the fresh proceeds to boost tech-enabled verification tools, improve automation in visa processing and strengthen partnerships with travel platforms.

Founded in 2022 by Vijayendra Bawa and Dhruv Kumar, Visa2Fly is an AI-powered visa application platform that leverages automation, real-time tracking, and smart document verification. 

It offers visa services in more than 70 locations including UAE, Singapore, Vietnam, Egypt, the UK and several European countries. The startup claims to have processed nearly 1.5 Lakh visa applications so far.

“With this investment, we’re doubling down on our mission to solve this global challenge once and for all. By further automating key processes, integrating AI-driven verification mechanisms, and enhancing accessibility, we aim to eliminate inefficiencies that have plagued travellers for decades,” said Bawa. 

The startup has partnered with travel brands including ixigo, Acko, NiyoGlobal, SpiceJet and WeGo, embedding its visa solutions directly into their platforms, it claims. 

The development comes at a time when India’s traveltech space is booming with increased travel activity both nationally as well as internationally. Startups in this industry are also attracting considerable investment which reflects renewed interest from venture capitalists and other investors. 

For instance, traveltech startup The Hosteller raised INR 32 Cr in a funding round led by V Cube Ventures SA in September last year. 

The sector also counts a few unicorns, including OYO, MakeMyTrip and Easemytrip. 

The traveltech industry is also evolving with technological shifts by automating their operations and moving past manual bookings. 

Last month, Nasdaq-listed Indian travel tech giant MakeMyTrip launched a GenAI-powered feature, Collections, on its platform for smarter hotel and homestay discovery. The new feature leverages AI and deep traveller insights to find accommodations to match customer needs and preferences.

Besides, Oyo Hotels is expediting its initial public offering (IPO) plans to get a public listing by late 2025 or early next year. Oyo has streamlined its cap table ahead of its IPO push and restructured debt to reduce costs. 

The traveltech market is estimated to reach $ 31.38 Bn by 2030, with a CAGR of 10.5% from 2025 to 2030, as per a market research company Mordor Intelligence report. Besides the aforementioned companies, it also counts prominent players like Yatra and Cleartrip.