Traveltech startup Teleport secured $500K Pre-seed funding from multiple investors
Investors including businessman Kunal Shah, Vidit Aatrey, Kishore Ganji, Appreciate Capital, Superb Capital, 888vc, and FAAD network contributed to the $500K pre-seed round raised by a startup in the traveltech sector.
Earlier this year in January, the Bengaluru-based startup received a $100,000 grant from the PeakXV (Sequoia) Spark program. According to a press release from the company, the funding will be crucial in advancing Teleport’s mission to guarantee hassle-free travel visas and transform how people experience cross-border travel.
Teleport, a company started in 2022 by Nikita Dresswala, aims to make obtaining travel visas quick and easy 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 obtain tourist visas through the platform, which aims to process 100,000 visas by the end of 2023.
Twelve female founders from India and Southeast Asia made up the second cohort of the Spark fellowship program, which Peak XV announced in January. It focuses on industries and sectors like D2C, SaaS, B2B, web3, consumer internet, and climate technology.
