25, Sep 2024
Nitin Gadkari Gets Candid on Jaanemann Podcast with Dr. Jai Madaan

Mumbai, 25 September 2024: In a captivating conversation on the latest episode of the Jaanemann podcast, renowned motivational speaker Dr. Jai Madaan sat down with Nitin Gadkari, Minister of Road Transport and Highways, to uncover some personal stories from his childhood, his love for food, and even a glimpse into his unique road-building innovations. Gadkari’s candid chat offered a fresh perspective on the minister, often seen as a no-nonsense leader, but here he revealed his lighter side, full of nostalgic memories and culinary adventures.

Dr. Jai Madaan and Nitin Gadkari

One of the highlights of the conversation was Gadkari sharing his fondness for food and how it became an integral part of his personal journey. He fondly recalled his love for the spicy vada pav from Pune’s famous Prabhat Hotel, revealing that the secret lies in how the flavours are balanced without overpowering the dish. He shared his own version of the recipe, describing how finely chopped chili, coriander, lemon, a pinch of turmeric, sugar, black salt and lemon are the key ingredients to perfecting the popular street food. “The owner applies the chili chutney so perfectly, it makes it incredibly tasty,” Gadkari said, adding a charming touch of authenticity to his story.

Beyond the kitchen, Gadkari also shared cherished memories from his school days. At the age of 13, during a school seminar celebrating 25 years of India’s independence, he witnessed a fellow student struggle to speak during a presentation. Gadkari admitted to making fun of her nervousness at the time, saying “Paani pee”, but was quickly reprimanded by the headmaster. The headmaster’s words—that the girl at least had the courage to speak—became a turning point for him. This moment inspired Gadkari to participate in debates and elocution competitions, shaping his confidence as a speaker. He credits his headmaster for playing a significant role in nurturing his public speaking abilities.

In another light-hearted moment, Gadkari reflected on how the COVID-19 lockdown gave him rare free time to indulge in cooking. He spoke about visiting a paan stall in Nagpur, where he observed people enjoying their paan, which later inspired him to make pav bhaji for his family. Following a YouTube recipe, he prepared the dish so well that his family joked that it tasted even better than what his wife made. This playful anecdote offered listeners a glimpse into Gadkari’s domestic life, showing his love for food and family.

A man of many talents, Gadkari also discussed his innovative approach to using waste materials for road construction. He described how his work at the Ministry of Road Transport allowed him to combine his passion for science with practical solutions for infrastructure development. Gadkari collaborated with scientists to repurpose waste into road-building materials, reducing environmental impact while creating something beneficial for society. His initiative not only helped in waste management but also promoted sustainable development.

The conversation between Dr. Jai Madaan and Nitin Gadkari on the Jaanemann podcast was a delightful mix of nostalgia, humour, and inspiration, highlighting Gadkari’s multifaceted personality. From childhood memories to his culinary experiments and his innovative contributions to India’s infrastructure, the episode provided a refreshing and insightful look at the leader beyond his political career.

25, Sep 2024
Techno India Group Hosts POSIFLY – Winds Of Hope

Kolkata, 25thSeptember, 2024:Techno India Group, one of the premium education institutions in Eastern India, in collaboration with Ecole Intuit Lab (Kolkata) and Techno Main Salt Lake, hosted POSIFLY – Winds of Hope, an event where students express their creativity and positivity by crafting beautiful kites and flying them together. This uplifting initiative represents the spirit of hope and resilience, with each kite soaring as a symbol of strength and optimism.

techno india

“Throw your dreams into space like a kite, and you donot know what it will bring back, a new life a new friend a new love a new country. POSIFLY – Winds of Hope is more than just an event. It is a collective effort by our students to spread hope and positivity in a world that often faces uncertainty. Through their art and creativity, these students remind us that hope, much like a kite, can help fly us higher, and together, we can soar above any challenges. As the kites soar into the sky, I want us all to remember that just like the wind helps lift the kites, our positive attitudes and unity can uplift us through any situation. Today, we celebrate not only the beauty of the kites but also the beautiful energy of togetherness and optimism that binds us all.”said Prof Manoshi Roychowdhury, Co-Chairperson, Techno India Group.

The event showcased kites designed by students from Techno Kids school,Techno India University, Ecole Intuit Lab,Kolkata and Techno Main Saltlake, who have put their heart and soul into creating vibrant, unique pieces. Each kite represented dreams and aspirations, offering a colorful metaphor for overcoming adversity with grace and determination.

25, Sep 2024
Mumbai’s GCCs at the Forefront of Tech Innovation, AI and Cybersecurity: TeamLease Digital Findings

Mumbai, September 25, 2024: TeamLease Digital, a leading tech staffing and learning solutions provider, announced the state-wise distribution of Global Capability Centers (GCCs) across India for FY25. The data, based on TeamLease Digital’s findings, reveals key insights into the regional concentration of GCCs and the industries driving their growth.

As per the findings, Mumbai/Pune region accounts for 31% of TeamLease Digital’s GCC partnerships. The high-tech and automotive sectors are the most significant in this region, with the high-tech industry making up 33% and the automotive sector contributing 22% of the headcount. Pune, in particular, is emerging as a driver in the Automotive sector. This region is also notable for its involvement in the capital markets, a sector that is only served by Mumbai/Pune and Delhi NCR, highlighting critical skills in data mining, predictive analytics, and big data frameworks.

The findings also showed Bengaluru as a prominent hub for GCCs, hosting 36% of TeamLease Digital’s total client base. This city is notably characterised by its dominance in the Hi-Tech industry, which comprises 37% of the talent concentration. Professional Services, which includes BFSI and Consulting companies, follows with 21% of the headcount. The Manufacturing sector is also emerging as a significant player, contributing 10% to the total headcount, with automotive and electronics manufacturing leading this growth. High-Tech as an industry focused on the leveraging of modern technologies across sectors like Electronics, Healthcare, E-Commerce, Semiconductor, EVs, Aviation & Defence, and ER&D.

The findings also showed Hyderabad accounts for 14% of TeamLease Digital’s client base for the first two quarters of FY25. The city excels in the High-Tech industry, which contributes 45% to the GCC headcount. Hyderabad’s GCCs are at the cutting edge of digital transformation, leveraging advancements in Cloud computing, AI, cybersecurity, blockchain, and Data Analytics to enhance global operations. The focus on automation and emerging technologies like robotics and blockchain underlines Hyderabad’s role as a leader in tech innovation.

Further, Delhi-NCR contributes 22% to the overall GCC headcount, with Software & Platform and High Tech each representing 20% of the headcount. This region is unique in its substantial contribution to the Oil & Gas industry, comprising 6.5% of the GCC headcount. Key skills in demand include AWS, Azure, Data Modelling, and IoT platforms, reflecting the sector’s emphasis on advanced digital solutions.

Elaborating on the findings Neeti Sharma, Chief Executive Officer, TeamLease Digital said, “Over the past few years, Global Capability Centres (GCCs) have emerged as powerhouses of innovation and job creation across industries, especially in Mumbai and Pune where High-Tech and Automotive industries are thriving the most. As GCCs continue to evolve, we are increasingly partnering with them across Mumbai/Pune and other locations to address their demand for niche skills, while also co-creating new job functions.

“Sectors like Healthcare, BFSI, and Retail have shown remarkable growth. Between 2021 and 2023, these sectors recorded cumulative compound annual growth rates (CAGR) exceeding 30%. This growth is particularly notable, given that during the same period, the broader IT industry was experiencing a downturn. In contrast, the GCC Software & Internet sector maintained steady progress and is projected to reach a CAGR of 6.2% by 2027. Even more promising is the Retail & E-commerce GCC sector, which is expected to see the strongest growth at 8.4% CAGR, followed closely by Healthcare at 7.5%.

“These upward trends signal a dynamic shift in the global workforce, and TeamLease Digital is well-poised to facilitate this growth by connecting GCCs with the best-suited tech staffing + learning solutions that’ll ensure the organization’s readiness to tackle competitive yet niche growth opportunities presented by emerging technologies or newer markets.”

25, Sep 2024
UFlex’s Ashok Chaturvedi Named ‘Business Leader of the Decade’ at Indo-US Economic Summit

New Delhi, September 25, 2024: Mr. Ashok Chaturvedi, Founder, Chairman and Managing Director, UFlex Limited, India’s largest multinational flexible packaging solutions company, was honoured with the prestigious “Business Leader of the Decade” award at the 21st Indo-US Economic Summit, themed “Building Bridges, Shaping Futures: Pioneering Pathways for 21st Century Growth”, held earlier today.

The award recognizes Mr. Chaturvedi’s exemplary contribution to the global flexible packaging industry and his visionary leadership in driving innovation and sustainability in the sector. His vision and commitment to advancing packaging solutions that meet market demands and promote environmental stewardship have positioned UFlex as a leader in the flexible packaging sector.

Mr. Ashok Chaturvedi, Founder, CMD, UFlex Limited Being Awarded Business leader of the Decade by Mr. Jorgan K. Andrews, Deputy Chief of Mission at the US Embassy

During the summit, Mr. Chaturvedi delivered an insightful address on the critical role that flexible packaging plays in India’s exports to the US. He also highlighted the role of flexible packaging across the entire spectrum of food security and accessibility. He made a strong submission to IACC member organizations and Mr. Jorgan K. Andrews, Deputy Chief of Mission at the US embassy to take the lead and pledge to make the planet clean while highlighting the need for adequate recycling infrastructure supported by a stronger waste collection ecosystem, biodegradable polymers and innovative flexible packaging materials. He stated, “The flexible packaging industry has the potential to drive economic growth, enhance food security, ensure accessibility, and promote sustainability. UFlex remains committed to shaping the future of the industry and delivering on these critical goals. ” He added, “Being conferred the Business Leader award is truly humbling, and I am sincerely grateful for the honour.”

The event included a panel discussion on the role of Environmental, Social, and Governance (ESG) in addressing Climate Change featuring Mr. Jeevaraj G. Pillai, Director – Sustainability and President – Flexible Packaging and New Product Development, UFlex Limited, who shared insights into the company’s sustainability initiatives. Mr. Pillai highlighted UFlex’s commitment to sustainability through the development of recyclable multi-layered packaging and other initiatives aimed at reducing carbon footprint. He commented, ” As ESG principles reshape global business strategies, UFlex is committed to aligning all its operations with these goals. We are constantly innovating to ensure our packaging solutions are not only efficient but also environmentally responsible while supporting an ethical supply chain that prioritizes sustainability and social responsibility.”

The summit was graced by the presence of Mr. Jorgan K. Andrews, Deputy Chief of Mission at the US Embassy, guest of honour, who delivered a special address, highlighting the importance of Indo-US collaboration.

25, Sep 2024
University of Leeds and TERI SAS University Sign MoU to Foster Academic Cooperation and Research Collaboration

New Delhi September 25, 2024: The University of Leeds (UoL) and TERI School of Advanced Studies have signed a Memorandum of Understanding (MoU) during an official visit by a UoL delegation to the institute. This strategic agreement aims to enhance academic cooperation and establish a long-term collaborative partnership between the two institutions.

Under the MoU, the partnership will focus on developing collaborative research projects, organising joint academic activities such as courses, conferences, and seminars, facilitating the exchange of research and teaching personnel, and creating opportunities for student placements and exchanges. The exchange of publications and other materials of common interest will further enrich the partnership. A key area of focus will be collaboration with the University of Leeds’ School of Politics and International Studies (POLIS), ensuring a vibrant exchange of expertise and thought leadership.

University of Leeds delegation with TERI SAS University team

Professor Adam Tyson, Pro-Dean International for the Faculty of Social Sciences, University of Leeds, highlighted the significance of the agreement and said, “We are excited to formalise this collaboration with TERI School of Advanced Studies, which represents a pivotal step in broadening our international academic and research networks. This MoU underscores our commitment to fostering cross-border partnerships that contribute to addressing global challenges. By combining the strengths of TERI SAS and the School of Politics and International Studies at the University of Leeds, we will work together on innovative research and education initiatives that advance understanding in key areas such as sustainability, governance, and international relations. This partnership is not only a platform for academic exchange but also a means to contribute meaningfully to the solutions needed for the future. We look forward to the mutual learning and transformative impact this collaboration will bring.”

Professor Suman Kumar Dhar, Vice Chancellor of the TERI School of Advanced Studies, expressed his delight about the partnership, stating, “This collaboration with the University of Leeds marks a significant step toward enhancing our academic and research activities. TERI SAS is dedicated to advancing knowledge and understanding through collaboration with esteemed institutions worldwide. This MoU will enable us to combine our resources and expertise, fostering innovative research and actionable insights into sustainable development. By working together, we can develop impactful solutions that address critical environmental and social issues on a global scale.

I would like to congratulate the faculty members of the School of Politics and International Studies at the University of Leeds and the Department of Policy and Management Studies at TERI SAS for jointly facilitating an innovative academic course titled ‘International Collaborative Studio on Public Policy’ as part of the Master’s Programme in Public Policy and Sustainable Development at TERI SAS. We look forward to many more collaborative academic and research initiatives between the two collaborative institutions.”

The strategic goals of both organisations to advance diverse research and expand their global networks are aligned with the newly formed relationship. The University of Leeds and TERI School of Advanced Studies are certain that their collaboration will produce innovative discoveries and impact society for a very long time.

25, Sep 2024
The Catalyst Effect, a self-awareness session held

Hyderabad, September 25, 2024…….You don’t just work hard, but work harder on yourself, for your personal effectiveness which ultimately leads to your success said Darpan Vasudev, the most sought-after self-awareness expert while talking to a gathering of 100-plus industrialists, professionals and successful businessmen at a session titled ‘The Catalyst Effect’. It was organised by The Federation of Telangana Chambers of Commerce and Industry (FTCCI).

RAKHI KANKARIA_SURESH SINGHAL DARPAN VASUDEV AND KK MAHESHWARI

The speaker dealt with Who you are, why you think, what you think, discovering yourself etc in a fifty-minute engaging session.

Talent alone is not important. Competency is not just sufficient. If you want to thrive at something, it requires more than just being talented. It requires grit, perseverance, passion, work ethic and more self-aware he said.

The formula of success is not being intelligent, or smart, but there is much more to it. It is more by being a people’s man, managing people. You must positively impact people, he said.

Clean up negativity in you every day. Bounce back from failures. Love your heart, look at your business as an art and become an artist, and then magic starts. Raj Kapoor made Mera Naam Joker, which was a box office disaster and almost bankrupted his film production studio. But he hit back with Bobby, starring his son Rishi Kapoor, in his first leading role, opposite Dimple Kapadia and the film became a blockbuster securing the position of highest-grossing Indian film of that year. Remove negativity, give a fresh approach to life and you will see things work in your favour, he said.

He gave examples from the lives of many effective people such as Mahatma Gandhi, VK Krishna Menon, Josef Rudolf Mengele, a German officer and physician during World War II and Raj Kapoor,

Giving his opening remarks, Suresh Kumar Singhal, President of FTCCI said, the session organised by the Tourism Hospitality Media MICE Entertainment Committee of FTCCI was centred on personal development and transformation, which aligns perfectly with our committee’s vision.

Speaking further he added that by investing in the personal growth of our industry professionals, we can significantly elevate the quality of service and experience, he said and added that the speaker’s insights will undoubtedly contribute to a more self-aware, empathetic and effective workforce.

The Tourism Committee Chairperson Rakhi Kankaria said his session was not just about understanding strategies or tactics, but about unlocking the deeper layers in mind, identifying internal blocks, uncovering unexplored ideas and overcoming resistance to change.

KK Maheshwari, Vice President of FTCCI while proposing a vote of thanks said ‘Let us be a catalyst for a positive change: KK Maheshwari’. It was an enlightening and inspiring session. The speaker’s expertise and practical wisdom served as a catalyst. And the session goes a long way in knowing about oneself and increasing personal effectiveness.

24, Sep 2024
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.

autosar

 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.

24, Sep 2024
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.

24, Sep 2024
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.”

24, Sep 2024
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.

mohak nahta

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.