StampMyVisa, a cutting-edge business-to-business (B2B) visa platform, has secured Rs 6.6 crore in its pre-Series A funding round, with Unicorn India Ventures leading the investment. The company plans to use the fresh capital to fuel its rapid expansion, enhance its artificial intelligence (AI) capabilities, and introduce innovative services that will redefine how businesses manage international travel and visa processes.
Founded by Rahul Borude and Pravin Wadekar, StampMyVisa leverages AI to simplify the often-complicated visa application process for businesses. Specializing in B2B travel, the platform offers solutions for corporates, travel agents, MICE (Meetings, Incentives, Conferences, and Exhibitions) companies, and Online Travel Agencies (OTAs). By automating and streamlining visa processing, StampMyVisa ensures faster approvals, fewer errors, and improved global compliance. Its scalable, user-friendly technology is designed to empower businesses to navigate international travel documentation seamlessly, ultimately helping them scale globally with ease.
The platform’s success is underlined by its impressive growth. Over the last 12 months, StampMyVisa has increased its operations sevenfold, processing hundreds of visas daily while adhering to global regulatory requirements. The company aims to process one million visas annually within the next 12 to 18 months, further solidifying its position as a key player in the B2B travel industry.
In addition to visa services, StampMyVisa plans to expand its offerings to create a comprehensive one-stop solution for international travel needs, including travel insurance and eSIMs. This expansion aligns with the broader growth of the global e-visa market, which is expected to grow at a compound annual growth rate (CAGR) of 11.1%, reaching $2.4 billion by 2032.
Unicorn India Ventures, which has previously supported notable companies like SmartCoin, Open Bank, Sequretek, and Pharmarack, is backing StampMyVisa through its Rs 1,000 crore Fund III. The venture capital firm is focused on supporting the next generation of digital platforms, and this investment aligns with its strategy to back innovative tech-driven solutions.
As StampMyVisa continues to expand and enhance its offerings, it is poised to play a pivotal role in transforming how businesses manage international travel and visa processing, delivering greater efficiency and ease to a global market.
