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

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

The startup plans to use the raised capital to support its rapid expansion, enhance its AI capabilities, and introduce innovative services that will redefine how businesses manage international travel and visa processes for Indians travelling abroad.

What does StampMyVisa do?

StampMyVisa operates an AI-powered platform that simplifies the complex visa application process for businesses.

Specialising in B2B travel, the platform helps corporates, travel agents, MICE companies, and OTAs streamline and automate visa processing, ensuring faster approvals, reduced errors, and enhanced global compliance.

It claims to have achieved impressive growth, scaling 7X. Additionally, the startup is on track to hit a million visas annually in the next 12–18 months.

Expanding geographical footprint

StampMyVisa will also focus on its geographical footprint across India, enhance its AI-driven technology, and launch next-generation products, including SMV Protect Insurance (a unique offering that refunds visa fees in case of rejection) and Travel eSIMs, providing further value to the platform's customers.

“The travel sector is on the cusp of a major shift. We’re seeing a rapidly growing middle class in India with an increasing appetite for global experiences. AI will revolutionise the way Indians manage visas while helping businesses scale effortlessly and empowering millions of new travellers to explore the world. We’re not just building a platform for today’s needs; we’re creating the infrastructure that will support the next wave of global travel," said Rahul Borude, Co-founder & CEO of StampMyVisa.

Global e-Visa market growth potential

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

With its innovative use of AI to automate visa submissions, enhance compliance, and reduce processing errors, StampMyVisa aims to capture significant a market share in this growing market. 

“Indian travellers are venturing abroad like never before, and the need for seamless, scalable, and digitised solutions in visa processing is critical. StampMyVisa is filling a major gap in the fragmented B2B market by offering a transparent, efficient, and future-proof platform," said Anil Joshi, Managing Partner, Unicorn India Ventures.

"We believe the company’s AI-powered approach will redefine how businesses manage global mobility, and we are excited to back them in their journey and help visa application process simple and human error free,” Joshi added.