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AI-powered B2B visa processing platform StampMyVisa (SMV) has raised a bridge round of INR 4 lakh crore, led by Unicorn India Ventures (UIV). This investment represents an ongoing commitment from UIV, which had previously led the company’s seed round with an investment of INR 6.6 lakh crore last year.
The interim funding round will help StampMyVisa consolidate its recent milestones as it prepares for a larger Series A raise in the next fiscal year. The fresh capital will be deployed towards future growth, marketing and integration initiatives with Teleport, the Kunal Shah-backed travel technology platform that SMV recently acquired to strengthen its operations in South India.
StampMyVisa has seen sharp 4x revenue growth over the past six months, fueled by its proprietary AI-driven software ‘Nucleus’, which automates and optimizes the visa documentation and approval process. The company advertises a 99.5% visa success rate, having processed more than 75,000 applications in just six months.
Commenting on the fundraiser, Rahul Borud, Co-Founder and CEO, StampMyVisa said, “India’s economic growth is driving travel abroad for business, study and pleasure. Although there has been technological change in every aspect of traveling abroad, visa processing is still largely a manual process. We see this as a last-mile gap that needs to be addressed. With the help of AI, visa documents can be made almost error-free, reducing the chances of rejection to a large extent. Our platform enables For travel agents, corporates, OTAs and meetings, incentives, conferences and exhibitions to process visas for over 80 countries, and as we continue to improve our offering, we will also enter the GCC countries.
The company’s growth trajectory also depends on its focus on creating a seamless digital experience for travelers through premium offers. These include SMV Insure, a trip protection insurance plan that refunds a booking in the event of a visa refusal, and SMV Global, a proprietary eSIM product that offers global travelers uninterrupted and affordable connectivity – around 40 per cent cheaper than traditional international roaming services.
According to Anil Joshi, Managing Partner, Unicorn India Ventures, “We invested in SMV last year and watched Rahul and his team build a truly world-class product made in India. Visa processing is an extremely cumbersome process and more than 35 percent of rejections are due to human error. Paperwork, timelines and reliance on manual processes have too often played a spoilsport in the travel planning of many professionals, students and even leisure travelers. SMV understands this issue through intelligent use. We helped streamline the entire process, and after seeing them achieve one milestone after another, we decided to continue our investment round in the company as we prepare for an accelerated growth trajectory and a larger round on the horizon.
StampMyVisa’s AI-led automation dramatically reduces processing times, now allowing 80 percent of visa applications to be processed within five minutes of submission – a significant improvement over the industry standard of two days. The company’s algorithms also provide applicants with a probability score of visa approval, which is especially useful for high-scrutiny destinations like the United States and Europe.
Looking ahead, SMV plans to expand its AI visa technology infrastructure to GCC countries, in line with the growing demand for travel between India and the Middle East. Over the next 12 to 18 months, it will also venture into fintech infrastructure, offering payment solutions and integrated credit products aimed at supporting SME business travel and global mobility.
The company currently facilitates visa processing for more than 80 countries each month, and continues to build on its commitment to speed, accuracy and transparency. Its mission, as defined by the leadership, is to make visa processing as easy and reliable as booking a flight or hotel – an area that still has not been addressed by major travel technology players.
StampMyVisa’s strategy reflects the broader trend of digital transformation in India’s travel ecosystem, where automation and artificial intelligence are increasingly redefining user experiences and operational efficiencies. As the company accelerates its next phase of growth, its focus remains on enhancing travel broker confidence, improving customer confidence, and ensuring global travelers have more seamless journeys powered by precise technology.
