🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Related News

Visa processing startup Atlys raises $36 Mn in Series C funding

EntrackrEntrackr · 3d ago
Visa processing startup Atlys raises $36 Mn in Series C funding
Medial

Visa processing startup Atlys raises $36 Mn in Series C funding Founded in 2021 by Mohak Nahta, visa processing startup Atlys allows travellers to discover, apply for and manage visas digitally across more than 120 destinations. Atlys has raised $36 million in a Series C funding round led by Susquehanna Asia Venture Capital. Existing investors Elevation Capital, Long Journey Ventures, and Peak XV Partners also participated in the round. Travel platform MakeMyTrip joined the company as a new investor. The company will use the fresh capital to expand into new international markets and advance its AI roadmap. Atlys plans to deploy AI across the visa process including document verification, eligibility checks and traveller support. Since the previous funding round, the startup has processed close to 450,000 visas and expanded its presence across several global markets such as the UAE, the US, the UK and Australia. These international markets now contribute nearly half of the company’s overall business. According to the company, it currently operates at an annual visa run rate of more than 700,000 applications. The firm has recorded 11X growth since its Series B round in 2024. The latest round follows Atlys’ $20 million Series B funding in September 2024 which was co-led by Peak XV Partners and Elevation Capital with participation from DST Global Partners and Headline. Earlier, the startup secured $12 million in a Series A round in September 2023 after it raised $4.25 million in seed funding in October 2021. In February 2025, Atlys also acquired the UK unit of visa services firm Artionis in an all cash deal to expand its presence in Europe and strengthen its visa processing infrastructure. With this expansion and new funding, the company aims to build a global digital visa platform for international travellers.

Evenflow raises bridge round, eyes public listing by 2027

EntrackrEntrackr · 1y ago
Evenflow raises bridge round, eyes public listing by 2027
Medial

E-commerce roll-up platform Evenflow has raised an undisclosed amount in a bridge round from serial entrepreneur Shail Patel and some existing investors as part of its ongoing $5 million Series A round. The funds will be used to expand operations and grow its seven acquired homegrown brands — Xtrim, Yogarise, Rusabl, BabyPro, Trendy Homes, Cinagro, and Frenchware. The company aims to increase these brands’ global presence by entering new markets. This fundraise follows recent efforts to strengthen supply chain, marketplaces, D2C, and quick commerce, with new appointments and the elevation of Shashank Ranjan to co-founder. Evenflow operates in India and the U.S., claiming 350% growth on marketplaces like Amazon, Flipkart, CRED, Zepto, and Instamart. The company has outlined a long-term plan to increase revenue by 10X and profits six-fold by 2027. However, these projections may be challenging to achieve, as many roll-up platforms face scaling difficulties. In a media statement, co-founder and CEO Utsav Agarwal shared that the firm aims to prepare for an IPO by the end of 2027. Ecommerce roll-up companies were hot in 2021 and the space also delivered two unicorns —Mensa and Globalbees in the year along with 10club which raised $40 million in one of India’s largest seed rounds. However, the euphoria subsided with the wind up of global posterboy Tharasio and tougher funding environment. As a result, funding for these firms sharply declined over the past two years, from $540 million in 2021 to $70 million in 2022, $78 million in 2023, and $39 million in the current calendar year. While some, like Mensa, secured additional debt, GlobalBees and Goat Brand Labs took over 24 months to do so. 10club shifted focus to consumer brands, and Powerhouse91 and Upscalio haven’t raised funds in over two years. Amazon aggregator Thrasio faced near bankruptcy but recently emerged from Chapter 11 and appointed Stephanie Fox as its new CEO.

Legal-tech startup SpotDraft raises $8 Mn in Series B extension

EntrackrEntrackr · 1m ago
Legal-tech startup SpotDraft raises $8 Mn in Series B extension
Medial

Legal-tech startup SpotDraft has raised $8 million from Qualcomm Ventures as part of a Series B extension. The funding comes nearly a year after the company raised $54 million in its Series B round in February 2025. Earlier in March 2023, the firm secured $26 million in its Series A funding round. The proceeds will be used to strengthen product and AI capabilities and expand enterprise adoption across the Americas, EMEA, and India. Founded by Shashank Bijapur and Madhav Bhagat, SpotDraft offers an AI-powered contract lifecycle management (CLM) platform focused on privacy-first enterprise use cases. Its AI tools are designed to keep sensitive legal data on-device rather than sending documents to external cloud models. The company reports 100% year-on-year growth in customers, with contract volumes up 173% year-on-year. It currently serves nearly 50,000 monthly active users, processing over one million contracts annually. SpotDraft recently demonstrated its on-device contract review capabilities at Qualcomm’s Snapdragon Summit 2025, where its AI models ran locally on Snapdragon X Elite laptops without cloud connectivity. SpotDraft competes with other legaltech startups like Legistify, Leegality, Sirion, Vakilsearch, and others. Its customers include Apollo.io, Panasonic, Zeplin, and Whatfix. In FY25, SpotDraft’s revenue grew to Rs 121.02 crore from Rs 59.58 crore in FY24, while losses widened to Rs 121.43 crore from Rs 68.36 crore over the same period.

Download the medial app to read full posts, comements and news.