Travel tech startup Teleport has raised $500,000 in a pre-seed round from investors, including entrepreneurs Kunal Shah, Vidit Aatrey, Kishore Ganji, Appreciate Capital, Superb Capital, 888vc, and FAAD Network.
The Bengaluru-based startup received a $100,000 grant from the PeakXV (Sequoia) Spark program in January of this year. According to a press release from the company, the funding will be vital in advancing Teleport’s mission to ensure hassle-free travel visas and transform how people experience cross-border travel.
Teleport, a company launched in 2022 by Nikita Dresswala, aims to make obtaining travel visas simple and fast by streamlining documentation requirements, providing accurate information, and offering a user-friendly platform to apply.
Over 100 travel agencies and travel businesses reportedly trust the company to help with their business’s visa processing. More than 40 countries can get tourist visas through the platform, which aims to process 100,000 visas by the end of 2023.
The second cohort of the Spark fellowship program, which includes 12 female founders from all over India and Southeast Asia, was announced by Peak XV in January. It focuses on industries and segments like climate tech, healthtech, SaaS, B2B, web3, consumer internet, and D2C.
“Travel visas have always been stressful and time consuming for international travellers. At Teleport, we are on a mission to simplify the process and make it anxiety free using technology. We are super grateful to have a bunch of incredibly supportive investors and mentors onboard at Teleport, guiding us on our goal to make travel borderless,” said Nikita Dresswala, founder, Teleport.
“For many Indians, the excitement of traveling abroad often gets overshadowed by tedious visa formalities. It’s clear that amidst these bureaucratic challenges, there lies a significant opportunity to craft a service grounded in trust and understanding for Indian travellers. Nikita is a sharp operator, and justthe person to lead this change. We are glad to have recognized her potential early on and are backing her and Teleport wholeheartedly,” said Abhishek Agarwal, partner, Appreciate Capital.
