StampMyVisa raises Rs 6.6 crore from Unicorn India Ventures to transform B2B travel sector

StampMyVisa, an AI-powered platform aiming to rework the B2B journey sector, has raised Rs 6.6 crore (or US$782,000) in a pre-Sequence A funding spherical from Unicorn India Ventures.

The startup plans to make use of the raised capital to assist its fast enlargement, improve its AI capabilities, and introduce modern providers that can redefine how companies handle worldwide journey and visa processes for Indians travelling overseas.

What does StampMyVisa do?

StampMyVisa operates an AI-powered platform that simplifies the advanced visa utility course of for companies.

Specialising in B2B journey, the platform helps corporates, journey brokers, MICE firms, and OTAs streamline and automate visa processing, guaranteeing quicker approvals, diminished errors, and enhanced international compliance.

It claims to have achieved spectacular progress, scaling 7X. Moreover, the startup is on monitor to hit 1,000,000 visas yearly within the subsequent 12–18 months.

Increasing geographical footprint

StampMyVisa may even give attention to its geographical footprint throughout India, improve its AI-driven expertise, and launch next-generation merchandise, together with SMV Shield Insurance coverage (a novel providing that refunds visa charges in case of rejection) and Journey eSIMs, offering additional worth to the platform’s clients.

“The journey sector is on the cusp of a significant shift. We’re seeing a quickly rising center class in India with an rising urge for food for international experiences. AI will revolutionise the best way Indians handle visas whereas serving to companies scale effortlessly and empowering hundreds of thousands of latest travellers to discover the world. We’re not simply constructing a platform for right this moment’s wants; we’re creating the infrastructure that can assist the following wave of world journey,” mentioned Rahul Borude, Co-founder & CEO of StampMyVisa.

International e-Visa market progress potential

The worldwide e-Visa market is projected to develop at a CAGR of 11.1% from $1,030.5 million in 2024 to $2,395.2 million by 2032.

With its modern use of AI to automate visa submissions, improve compliance, and cut back processing errors, StampMyVisa goals to seize important a market share on this rising market. 

“Indian travellers are venturing overseas like by no means earlier than, and the necessity for seamless, scalable, and digitised options in visa processing is vital. StampMyVisa is filling a significant hole within the fragmented B2B market by providing a clear, environment friendly, and future-proof platform,” mentioned Anil Joshi, Managing Accomplice, Unicorn India Ventures.

“We imagine the corporate’s AI-powered strategy will redefine how companies handle international mobility, and we’re excited to again them of their journey and assist visa utility course of easy and human error free,” Joshi added.