KFC’s India Sahyog program pledges support to 100 businesses in Hyderabad
Hyderabad, 24th September 2024: After successfully supporting 800 local restaurants across Mumbai, Bengaluru, Delhi, Guwahati and Kolkata, KFC’s India Sahyog program is back for the second time in Hyderabad.
As part of the program, having trained 100 restaurants in Hyderabad in 2021, KFC will now work with 100 more local restaurants & food joints in the city, helping them in business growth through training modules in food safety & hygiene, customer service, profitability and more. KFC’s India Sahyog program was launched in 2020; and is conducted in association with the National Restaurant Association of India (NRAI) and the Food Safety and Training Certification (FoSTaC) program of FSSAI; and aims to support 1000 restaurants across India by the end of 2024.
Speaking about the continued effort to augment the growth of the food industry in India, Moksh Chopra, General Manager, KFC India & Partner Countries, said, “The food industry has been going through a dynamic change, and it’s important for food businesses to keep pace with the changing trends, customer preferences, and demands. As part of our India Sahyog program, we have been working with FSSAI & NRAI over the last few years, to support 1000 independent restaurants across the country by 2024. This chapter in Hyderabad is another step in that direction, where we will be training and sharing knowhow with 100 local restaurants in the city.”
Appreciating the efforts of the brand, Sh. R V Karnan, I.A.S, Commissioner of Food Safety Telangana said, “Food consumption patterns have evolved significantly in the past few years. Food safety and hygiene have now become the top priorities for consumers. As local restaurants play a crucial role in the urban economy, it is their responsibility to ensure the highest standards of safety and hygiene. And it is good to see these training modules that have been tailored in a way to reduce the risk of unsafe food consumption and contribute to a healthier, safer dining experience across the state.”
Federation of Telangana Chambers of Commerce and Industry (FTCCI) President, Suresh Singhal also addressed the attendees, offering valuable insights into the broader industry perspective and emphasizing FTCCI’s commitment to supporting various sectors, particularly the retail and food service industries. He underscored the chamber’s dedication to driving excellence and ensuring that businesses are well-prepared to meet the stringent demands of food safety compliance.
The program was further enriched by the presence of key industry association leaders, Sh. Gautam Jain, Director of Legal Compliances at the Retailers Association of India. Their involvement highlighted the importance of a unified approach to elevating food safety practices across the sector.
KFC has been continually making efforts to grow the local food industry in the country. In the past, KFC India and FSSAI have pioneered a street food vendor, training over 1500 street food vendors across 4 states on food safety parameters. Additionally, the brand also undertook a Food Safety Officers capability enhancement program along with the State Food Safety Authorities.
New Relic Names Larissa Crandall Channel Chief and VP of Partners and Alliances
Bangalore, September 24, 2024—New Relic, the Intelligent Observability Platform, announced the appointment of Larissa Crandall as Channel Chief and Group Vice President of Partners and Alliances to further develop and strengthen the company’s partner strategy and channel programs worldwide. In this role, Crandall will grow the partner organization, expand multiple parts of the company’s alliance and partner ecosystem, and help enterprises around the world realize the benefits of New Relic in driving innovation, improving reliability, and delivering more perfect customer experiences.
“With worldwide spending on public cloud services forecasted to double between 2024 and 2028, and AI adoption continuing to rise, the need for intelligent observability has never been greater,” said New Relic Chief Revenue Officer Chris Jones. “As these industry trends continue to drive demand for our platform, engaging our partners on a global scale will be vital to New Relic’s continued success. Larissa is joining the company at a pivotal moment, and I’m thrilled to have her lead our channel and alliances program into its next stage of growth.”
Channel veteran to strengthen and accelerate partnerships globally
Crandall has spent her entire career leading channel and sales teams in the technology sector. She joins New Relic from Veeam, where she held the position of Vice President of Global Channel and Alliances. During her tenure, Crandall successfully built the company’s first global partner program, rebuilt the certification and enablement program, and accelerated partner-initiated revenue. Prior to Veeam, Crandall led the Global Channel and Alliances organization at Gigamon and held senior partner roles at Scalr and Unitrends.
Crandall is a highly awarded, collaborative leader with a stellar track record in building and leading high-growth partner programs. Her accolades include recognition by CRN for numerous awards, including top Channel Chiefs, Woman of the Channel, Power 100 – Top Most Powerful Woman in the Channel, and Inclusive Leadership Award. Crandall also serves on the Baptie & Company Channel Advisory Board, a leading global community for individuals running sophisticated channel ecosystems.
“New Relic is a market maker and a pioneer in the observability space. I am excited to join the company as it continues to innovate and lead the sector with a compelling product, business model, and team dedicated to delivering customer success,” said Crandall. “With the amazing partnerships we have developed, I embrace the opportunity to lead the global channel and alliances organization at New Relic as the company enters its next phase of growth.”
New Relic to grow multiple parts of the ecosystem
Crandall will build on New Relic’s channel presence worldwide by working with global and regional partners, MSPs, GSIs, and hyperscalers to strengthen best practices and catalogs for advancing the observability journey and augmenting growth with new partners. She will also focus on empowering the partner ecosystem with resources and tools, and further simplifying doing business with New Relic for partners and customers.
Partnerships and alliances are at the center of New Relic’s growth strategy. Most recently, New Relic formed the Secure Developer Alliance with FOSSA, Gigamon, and Lacework to help secure cloud infrastructure and close the gap between security and engineering teams when shipping code. New Relic also continues to demonstrate its commitment to its partner ecosystem with several key initiatives, including the expansion of New Relic Instant Observability, an open source ecosystem of nearly 800 quickstarts and integrations that help engineers instrument, dashboard, and alert their entire stack. Recent collaborations involve AWS, Microsoft, and NVIDIA.
Fracspace Launches Game-Changing In-App Features for Interiors and Real Estate Enthusiasts in Hyderabad and Bangalore
India, 24 September 2024: Fracspace, a pioneer in real estate innovation, is thrilled to announce the launch of two revolutionary in-app features aimed at enhancing the experience of interiors and real estate enthusiasts in Hyderabad and Bangalore. These new offerings represent a significant step forward in Fracspace’s mission to simplify real estate transactions and interior design processes for users.
The first in-app feature, Interiors & Construction Solutions, offers a robust set of tools tailored to help users design and execute their home or commercial projects. Whether planning a small renovation or a large-scale construction, users can access expert resources and manage projects effortlessly. From selecting materials to managing project timelines, this feature provides end-to-end support, ensuring users can seamlessly create their dream spaces.
The second feature is an In-App Listing of Residential and Commercial Properties across India. This streamlined platform allows users to buy, sell, and lease properties with ease. With a comprehensive listing of properties, Fracspace enables users to explore the real estate market efficiently, facilitating smooth property transactions for everyone—from first-time buyers to experienced investors. The app’s intuitive interface guides users through the process, making property transactions simpler and more transparent.
“With the introduction of these in-app features, Fracspace is empowering users to take full control of their real estate and interior design projects,” said Unnath Reddy, CEO & Founder of Fracspace. “Our app is becoming a one-stop solution for all real estate needs, allowing users to manage everything from property transactions to interior design and construction. These tools make it easier for users to navigate complex processes and turn their ideas into reality.”
Fracspace is also known for its innovative fractional ownership model, which allows users to invest in high-end real estate properties and enjoy luxury vacations while earning a minimum of 8% rental yield annually. The app offers easy exit options, comprehensive property management services, and the ability to build diverse real estate portfolios, making real estate investments more accessible and affordable for everyone.
With these new in-app features, Fracspace continues to evolve as a comprehensive platform for real estate enthusiasts, empowering users to simplify transactions and bring their design visions to life.
U.S. Polo Assn. Partners with Zepto to Boost Quick-Commerce Fashion Offerings
Mumbai, 24th September 2024 — In a landmark move that marks the next phase of the quick-commerce revolution, U.S. Polo Assn. (USPA), the official brand of the United States Polo Association, is collaborating with Zepto operators to bring its exclusive collection to the platform. Zepto, India’s fastest growing consumer internet platform known for its 10-minute delivery promise, is expanding its offering to include premium apparel and fashion, starting with USPA.
This collaboration not only enhances Zepto seller’s portfolio but also signifies a shift in how shoppers can access fashion—from groceries and personal care to now clothing from premium international brands—all within the same rapid delivery window.
On the announcement, Aadit Palicha, co-founder & CEO, Zepto shared, “We’re thrilled about this partnership. USPA, a brand that is synonymous with premium quality and timeless style. This collaboration marks a pivotal moment in our quick-commerce journey as Zepto expands into the fashion and lifestyle space. With USPA on board, our sellers are delivering a new level of convenience to fashion shoppers across India.”
Shailesh Chaturvedi, MD & CEO, Arvind Fashions Limited says “With U.S. Polo Assn.’s sporty coolness and Zepto’s lightning-fast delivery, we are bringing a new level of accessibility and convenience to our customers. That’s such an exciting trend setting solution for modern day needs of our consumers.”
U.S. Polo Assn.’s collection is live on the platform, offering Zepto platform users a curated selection of timeless, stylish apparel. From classic polo shirts to casualwear, Zepto users can now enjoy iconic USPA pieces delivered within minutes.
This collaboration represents a significant leap in quick-commerce, with Zepto sellers expanding from essentials to premium fashion. Whether it’s grabbing a classic polo shirt minutes before an event or ordering casualwear for a spontaneous outing, Zepto’s users can experience the unmatched convenience of fast, high-quality fashion—a true game-changer for those who value both speed and style.
Continental India Collaborates with Amrita Vishwa Vidyapeetham and MathWorks India to Prepare Industry Ready Talent
Bengaluru, September 24, 2024. Continental’s Technical Center India (TCI) has collaborated with Amrita Vishwa Vidyapeetham, Coimbatore and MathWorks to introduce the course titled “Automotive Systems and Layered Architecture” delivering know-how of the automotive industry emphasizing on Automotive Open Source Architecture (AUTOSAR) with an aim to prepare industry-ready talent. The initiative aims to reduce the divide between industry and academia while equipping students with industry experience and practical skills.
Continental signed a Memorandum of Understanding (MoU) with Amrita University in 2022 in order to introduce several academic and research initiatives through curriculum development, research projects, and offer consulting as well as internship opportunities. “The Automotive Systems and Layered Architecture (AUTOSAR)” course signifies a momentous step towards this direction. It will not only equip the students with the necessary skills but help them meet the demands of the evolving industry.
“This partnership is a testament to Continental’s commitment towards fostering an industry-ready talent. We plan to equip students with practical skills and experience they need to excel in the automotive industry by integrating Continental’s industry expertise with academic knowledge. This partnership will create a talent pool that is well informed about state-of-the-art technologies and well prepared to meet the upcoming challenges”, says Latha Chembrakalam, Head of Technical Center India (TCI), Continental.
Prof C. Parameswaran, Principal Director of Corporate & Industry Relations from Amrita Vishwa Vidyapeetham said “We are extremely grateful to have the support and expertise of Continental Automotive and MathWorks for introducing a course that has been curated to provide our students with a comprehensive understanding of AUTOSAR, a technology that has become an industry standard in the automotive sector. This course will be offered through a combination of lecture, hands on workshops and industry relevant case studies. By pursing this course, we expect the students will not only be knowledge, but also adaptable innovative and ready to lead the way in the world of Automotive Engineering.”
“The AUTOSAR course offered by Continental and MathWorks will allow hands-on experience in developing scalable, modular software architecture required for automotive embedded systems. Through the tools offered by MathWorks and the industry expertise of Continental, learners gain practical skills in model-based design, simulation, and testing, aligning with current industry standards for efficient and reliable automotive software development”, added by Dr. Sasangan Ramanathan, Dean – Academics, Amrita Vishwa Vidyapeetham.
Sunil Motwani, Country Manager – MathWorks India said, “We are thrilled to partner with Continental India to develop a comprehensive course for Amrita Vishwa Vidyapeetham, Coimbatore. MathWorks is uniquely positioned with deep roots in education and extensive collaboration with the industry, giving us a clear understanding of the skills needed in the workforce. The course is designed to help students learn about various aspects of automotive product development including architecture, embedded systems and standards like AUTOSAR through the Model-Based Design framework. We believe that this course will prepare the students for jobs in the automobile world.”
Phased Approach to Build Industry-Ready Talent
This collective effort has been executed in three phases. Phase 1 comprises of designing a curriculum that aligns with industry standards which leveraging industry expertise, university ecosystem, and simulation technology in hand. Phase 2 aims at collective growth through collaboration, which includes Faculty Development Programs (FDP) and monthly expert sessions at the university campus, culminating in an industry readiness examination at the end of the semester. Phase 3 is the execution phase which aims to bring the vision to reality through active and effective delivery of course with university bodies and simulation partners.
The AUTOSAR course, with its extensive approach to industry-academia integration will work towards creating a stronger talent pool in India. It will further help contribute to the overall growth of the automotive industry in the country and innovation in future.
technical Center India’s (TCI) Academic Associations
Technical Centre India (TCI) was set up in 2009 and has grown substantially as of Continental’s in-house R&D locations. With a strength of more than 6,000 engineers, it is one of the company’s major R&D locations organized under the Software and Central Technologies (SCT). TCI supports both global and local R&D for the company’s Automotive group sector. TCI has in the past and is currently collaborating with a host of premier institutions across the country.
Continental develops pioneering technologies and services for sustainable and connected mobility of people and their goods. Founded in 1871, the technology company offers safe, efficient, intelligent and affordable solutions for vehicles, machines, traffic and transportation. In 2023, Continental generated sales of €41.4 billion and currently employs around 200,000 people in 56 countries and markets.
The company has been present in India for close to 50 years through technology partnerships (Continental Tires since 1974) and joint ventures for its various businesses. Today, the tier 1 automotive supplier, tire manufacturer, and industrial partner operate across India – with about 10,000 employees across 12 locations, including six plants that cater to the Indian market and a Technical Center that supports Continental’s global R&D activities.
Sustainiam to Manage End-to-End I-REC Process for Brookfield’s Renewable Assets
24th September 2024 — Sustainiam, a climate tech startup, India’s fastest-growing carbon management solutions, has successfully onboarded a massive portfolio of 400 MW renewable assets from Brookfield, a global renewable energy powerhouse, for the registration, issuance, and trading of International Renewable Energy Certificates (I-REC). This portfolio primarily consists of wind assets, underscoring Brookfield’s commitment to expanding its renewable energy capabilities in India and beyond.
The 400 MW portfolio, now being processed for I-REC registration through Sustainiam’s issuance and trading platform , will enable Brookfield to tap into the growing demand for renewable energy certificates, ensuring their assets generate verified and tradable I-RECs. This is a crucial step for Brookfield as it expands its operations in India, where it currently oversees more than 25 GW of wind and solar assets, with ambitious plans to scale its renewable energy footprint further.
Sapna Nijhawan, Founder & CEO of Sustainiam, commented on the partnership saying “We are thrilled to collaborate with Brookfield on this significant project. As one of the leading global players in renewable energy, Brookfield’s commitment to sustainability aligns perfectly with Sustainiam’s mission to accelerate decarbonization through cutting-edge technology. The onboarding of this portfolio is a testament to our platform’s capability in streamlining the complex process of I-REC registration and trading, ensuring Brookfield’s renewable energy assets are fully optimized for carbon markets.” With Sustainiam’s platform, Brookfield gains access to real-time tracking and trading of I-RECs, further solidifying their leadership in the renewable energy sector.
Brookfield, known for its focus on renewable assets globally, recently acquired a controlling stake in Leap Green Energy, a prominent player in India’s renewable energy market. The partnership between Brookfield and Sustainiam aims to streamline the carbon credit certification process, making it easier for Brookfield to achieve its decarbonization goals while contributing to global renewable energy transitions.
Sustainiam has already built partnerships with major brands, including Sheraton Hotels & Resorts, ITC Responsible Luxury, WelcomHotel, Cargill, Radisson and Coca-Cola, offering them real-time insights and streamlined solutions for managing and trading renewable energy certificates. The addition of Brookfield to its client portfolio further strengthens Sustainiam’s leadership in the carbon management space.
Puravankara announces ‘Purva NRI Home Fest’ in Dubai – A premier event for NRIs seeking luxury homes in India
Mumbai – Puravankara Limited, one of India’s leading real estate companies, has announced the ‘Purva NRI Home Fest,’ a special event designed to showcase its projects to Non-Resident Indians (NRIs) in Dubai. The two-day event will take place at the Shangri-La Dubai, from 10:00 AM to 8:00 PM on Saturday, 28th September, and Sunday, 29th September 2024.
The Purva NRI Home Fest presents an opportunity for NRIs to explore over 4,000 homes across 20+ prestigious projects in five major Indian cities—Bengaluru, Chennai, Kochi, Mumbai, and Pune. This event will showcase an array of luxury apartments, world-class villas, and villa plots, providing potential buyers with diverse property options to suit their investment needs.
Purva’s NRI Home Fest will showcase a comprehensive range of property options. Prospective buyers will have the opportunity to explore a diverse portfolio that includes 1-5 BHK apartments, penthouses, villas and villa plots, with sizes ranging from approximately 600 sq. ft. to 5,000 sq. ft.
Abhishek Kapoor, Group CEO of Puravankara Limited, said, “Post Covid, there is a definite interest among NRIs in purchasing a property back home that they can return to. This is evident in the numbers as money flowing into NRIs’ deposits rose by 84.4 per cent from $6.40 billion to $11.8 billion between April 2023 and February 2024. The Purva NRI Home Fest is a chance for them to experience our ‘YOU’ Philosophy, which puts the customer at the heart of everything we do. We will ensure that every NRI home buyer feels confident and supported in their journey towards owning a home in India.”
From premium luxury apartments like Purva Windermere (Chennai), Purva Clermont (Mumbai) and Purva Park Hill (Bengaluru) to the innovative Worldhome Collection projects such as Purva Somerset House (Chennai) and Purva Orient Grand (Bengaluru), there is something to match every taste and preference. For those seeking the ultimate in luxury, the Presidential Villas at the Purva Sound of Water in Bengaluru provide an unmatched living experience. Additionally, villa plots in projects such as Vanam, Raagam, and Soukhyam under the Purva Land brand offer ideal opportunities for buyers looking to build custom homes.
To ensure a smooth transition from purchase to occupancy, Puravankara offers comprehensive post-sales support. This includes assistance with loan facilitation, ensuring buyers can access financing options easily. Through Purva Streaks, buyers can also avail of customised interior design services, allowing them to tailor their new homes to their specifications. Additionally, the company provides CRM support to manage agreements and documentation. This holistic support system reaffirms Puravankara’s commitment to delivering a stress-free experience for NRIs investing in India.
Puravankara has also curated exclusive offers for this event to enhance the purchasing experience. Buyers who book during the event can take advantage of vouchers by Purva Streaks, the interior design arm of the company, ranging between Rs 1 lakh to Rs 10 lakhs.
With over 4,000 homes on display and exclusive benefits, the Purva NRI Home Fest is a must-attend event for NRIs looking to invest in India’s finest real estate offerings.
Bayu Buana Travel Services reinvest in customer service and innovation with a renewed partnership with Amadeus
24th September 2024 – One of the leading travel agencies in Indonesia is doubling down on its commitment to technology, innovation, and customer service by expanding its partnership with Amadeus.
With access to the Amadeus Travel Platform, Bayu Buana will be able to give its customers a huge array of travel options including NDC content from airlines, as well as offers from hotels, cruise ships, transfer companies and in-destination content from around the world to ensure a fully personalized trip and a great deal every time.
Moreover, with Amadeus’ leading technology solutions, including advanced APIs, incredible travel search capabilities, AI powered solutions, and next-generation payment technology, Bayu Buana travel agents will be able to work more efficiently to focus on providing the best customer service to its customers.
Founded in 1972, Bayu Buana was the first travel agency listed on the Jakarta Stock Exchange. It has 500 employees spread across 22 branches throughout the country and is one of the most established and ambitious travel agencies in Indonesia.
Agustinus Pake Seko, President Director, Bayu Buana Travel Services says, “Indonesians have trusted us for more than five decades because Bayu Buana is committed to customer service and providing the best experience for travelers every time they come to us. We are proud of this longstanding legacy. With this new partnership with Amadeus, we are protecting our hard-won reputation by ensuring that we can give travelers even more options, and even better customer service well into the future.
With this partnership, Bayu Buana is committed to protecting its longstanding reputation as one of the best agencies in the country by having unrivaled travel technology at its fingertips to service its customers.
Javier Laforgue, Executive Vice President, Travel Unit & Managing Director, Asia Pacific says, “Much like Bayu Buana, Amadeus knows that excellent customer service requires a constant commitment to innovation and collaboration. We are proud to be chosen as a trusted partner by a company as well established as Bayu Buana. At Amadeus, we continue to invest in some of the best travel technology on the market to make travel easier, more personalized and enjoyable than ever before.”
NAREDCO Maharashtra Prepares for India’s Biggest Real Estate Expo, ‘Homethon 2024’
September 24, 2024, MUMBAI: The National Real Estate Development Council (NAREDCO) Maharashtra is all set to present the third edition of the HOMETHON Property Expo 2024, India’s largest real estate property expo at the JIO World Convention Centre, BKC, Mumbai from October 4 to 6, 2024. The previous year’s phenomenal success attracted 55000 visitors, generating INR 1050 crore committed sales. This year’s event is expected to surpass last year’s figures with an even greater participation across all stakeholders.
Bollywood’s popular and versatile star-couple, Riteish and Genelia Deshmukh are the brand ambassadors for the upcoming third edition of National Real Estate Development Council (NAREDCO) Maharashtra’s ‘HOMETHON Property Expo 2024’.
The HOMETHON Expo 2024 will showcase over 1000 top notch projects from Maharashtra‘s leading developers. Home buyers will get to choose from an array of properties across segments; be it affordable or luxury housing. These include properties from across Mumbai and MMR as well as Thane, Kalyan, Navi Mumbai, Panvel, Raigad, Mira Road, Vasai, Virar etc. In addition, properties from Pune, Nashik and Nagpur along with second home projects and plotted schemes will also be on display.
Top housing finance companies will showcase attractive home loan offers for potential buyers at this three-day property extravaganza, which will also feature premier real estate brands from across the state.
Property prices on offer will range from Rs. 19 lakhs to 9 crores, providing home buyers with a wide array of options to help them realize their dream of home ownership. To make the process even more appealing, developers are offering incentives such as no stamp duty or registration charges, no GST, no processing fees, immediate benefits, and other festive promotions on selected units.
Commenting on the HOMETHON Property Expo, Mr. Prashant Sharma, President, NAREDCO Maharashtra, says, “We are witnessing an unprecedented surge in home buyer enthusiasm, which is driving a remarkable increase in housing demand. We are excited to host the HOMETHON Property Expo 2024, where we anticipate a substantial boost in home sales. This year’s event will showcase exclusive discounts and Dussehra specials tailored by developers, offering a unique opportunity for buyers to find their ideal homes at exceptional values. I encourage all prospective homebuyers to seize this chance and explore the excellent deals available at HOMETHON Property Expo 2024.”
Dr. Niranjan Hiranandani, Chairman, NAREDCO says, “The housing market is currently experiencing a vibrant surge, fueled by greater job stability, increased disposable incomes, and rising aspirations. Against this backdrop, and with the added excitement of the festive season, this property exhibition is uniquely positioned to help home buyers achieve their long-cherished dream of owning a home.”
Mr. Rajan Bandelkar, Vice Chairman, NAREDCO says, “NAREDCO Maharashtra is dedicated to creating a robust ecosystem marked by trust and transparency, which has significantly bolstered home buyer confidence. This property expo offers an exceptional opportunity for developers to showcase their premium projects and connect with prospective buyers. With exclusive discounted rates and a wide range of options, this event is designed to make the home-buying process more accessible and rewarding for all. We are excited to facilitate this vital connection and support our vision of making home ownership a reality for many.”
Mr. Rajesh Doshi, Secretary, NAREDCO Maharashtra says, “This property expo is poised to drive a significant increase in housing demand. By bringing together developers, home buyers, and key stakeholders under one roof, we aim to streamline the home buying process and enhance the overall experience for everyone involved.”
The HOMETHON Property Expo 2024 will feature a business lounge and networking centers where attendees can engage with industry experts and leaders. To facilitate ease of access, transportation from major locations in Mumbai to the exhibition venue will be provided. Additionally, visitors will benefit from free parking and will have numerous chances to win exciting lucky draw prizes.
Prominent developers scheduled to participate in this event include Hiranandani Group, Godrej Properties, L&T Realty, Runwal Developer, Raunak Group, K Raheja Corp, Raymond Realty, MICL Group, Prestige Group, Transcon Developers, J P Infra, Dynamix Group, ID Group, Atul Projects, Sugee, Kanakia, Srishti Group, GHP Corp, A P Realty, Ajmera Cityscapes, Suraj Estates, Atharva Lifestyles, Platinum Corp, Paradise Group, Roha Group, Raghav Group, Spenta Corp and many others. Housing Finance Companies like State Bank Of India, Tata Capital HFC, ICICI Bank, IDBI Bank, Aditya Birla Capital among others to facilitate home loans at the event.
Atlys secures USD 20 million funding Co-led by Peak XV Partners and Elevation Capital
National, 24th September 2024: Atlys, the leading visa processing platform, has raised $20 million in its Series B funding round, co-led by Peak XV Partners (formerly Sequoia Capital India) and Elevation Capital. The round saw strong participation from all existing investors, alongside new investors such as DST Global and Headline.
This new funding marks a pivotal milestone in Atlys’ rapid ascent, with the company experiencing 20x growth over the past year. The platform has expanded its footprint in key global markets, including the US, UAE, and the UK, while strengthening its leadership team with top-tier hires in product, engineering, and marketing.
The fresh capital will fuel Atlys’ aggressive expansion strategy, empowering the company to enhance its product and engineering capabilities, enter new markets, and scale operations globally. A core focus remains on meeting the growing needs of travellers, particularly in India, where international tourism is booming.
“Atlys has seen extraordinary 20x growth over the last 12 months,” said Mohak Nahta, Founder and CEO of Atlys. “This investment will enable us to continue scaling globally and ensure that travellers can obtain their visas on time, every time. As India’s outbound tourism surges, the need for a seamless, on-time visa process is more critical than ever. We are one step closer to a world where borders no longer restrict exploration.”
In 2023, global outbound international tourists totalled 1.3 billion, fueled by rising international tourism, expanding expatriate communities, and the increasing adoption of digital travel solutions. With these drivers, the market is expected to grow at a CAGR of 10.5% over the next decade. In India, 30 million travellers ventured abroad, marking a 20% year-on-year increase, largely propelled by a growing middle class and greater access to affordable travel options. A significant portion of this growth came from Tier 2 and Tier 3 cities, which contributed to 43% of the country’s outbound travel, reflecting a broader shift beyond metro-driven demand. (as per a report by UNWTO)
Atlys is at the forefront of this transformation, leveraging cutting-edge automation to streamline visa applications for over 150 destinations. It has been successful in reducing rejections, and cutting processing times to as fast as 55 seconds. With a user-friendly interface and strong data encryption, Atlys ensures both convenience and security for global travellers.
Shraeyansh Thakur, Principal at Peak XV, added, “Travel continues to see strong tailwinds globally and our thesis is that visas are just the starting point. We believe Atlys can go on to become a broader travel services platform for a range of use cases for travellers globally, and we are excited to deepen the partnership with Mohak and the Atlys team on this journey.”
Mayank Khanduja, Partner at Elevation Capital, said, “Atlys is one of the most innovative products to emerge in the travel space in a long time—a space where many have focused on transaction revenue without addressing the real pain points of global travellers. We believe in their long-term vision and the value they are creating, for global travellers in today’s fast-paced world. This new round of funding is a testament to the progress they’ve made, and we’re excited to support them as they scale into new markets and continue redefining what seamless travel looks like. ”
Atlys last raised Series A funding in 2023 from Peak XV partners, Elevation Capital, a seed round led by Andreessen Horowitz (A16Z) in 2021 and a pre-seed round led by South Park Commons.