StampMyVisa Secures Rs 4 Crore in Bridge Funding Led by Unicorn India Ventures
B2B visa processing startup StampMyVisa has raised Rs 4 crore in a bridge round led by Unicorn India Ventures. The funding will support the company's growth, marketing, and integration of recently acquired travel tech platform Teleport. StampMyVisa leverages AI to streamline visa processing for businesses, reporting 4x revenue growth and a 99.5% visa success rate, and aims to enter GCC markets soon.
StampMyVisa, an AI-powered B2B visa processing startup, has raised Rs 4 crore in a bridge funding round led by Unicorn India Ventures, with the capital intended to fuel growth initiatives, strengthen marketing efforts, and support the integration of Teleport, a travel tech platform recently acquired to bolster operations in South India. The company, which specializes in automating and validating visa documentation for over 80 countries, has demonstrated significant growth, achieving a fourfold increase in revenue and maintaining a 99.5% visa success rate. In the past six months alone, StampMyVisa processed more than 75,000 visas. The platform is designed for corporates, travel agents, OTAs, and MICE companies, aiming to virtually eliminate errors in visa documentation and reduce rejection rates. As part of its expansion strategy, StampMyVisa plans to enter GCC (Gulf Cooperation Council) markets and develop fintech infrastructure for SMEs, including embedded credit and payment solutions. The recent acquisition of Teleport, backed by entrepreneurs like Kunal Shah, is expected to enhance its presence in South India. StampMyVisa is also innovating with new products such as SMV Insure, which offers refunds on bookings if a visa is rejected, and SMV Global, providing affordable international eSIM connectivity. Looking ahead, the company is preparing for a larger Series A funding round in the next financial year and aims to process 80% of visa applications within five minutes, significantly faster than the current industry average of two days.
