StampMyVisa Acquires Teleport to Boost Digital Visa Services
• StampMyVisa acquires travel-tech startup Teleport to expand digital-first visa solutions.
• SMV processed 50,000+ visas with 4X revenue growth in eight months.
• Teleport backed by top founders including Kunal Shah, Vidit Aatrey, and Phanindra Sama.
Business-to-business (B2B) visa solutions company StampMyVisa has made a significant acquisition in Teleport, a South India travel-tech startup supported by marquee Indian entrepreneurs such as Kunal Shah (CRED), Vidit Aatrey (Meesho), and Phanindra Sama (RedBus).
The acquisition is a critical milestone in StampMyVisa's effort to democratize and scale up visa services in India and Southeast Asia by combining Teleport's youth, digital-first travel product experience with SMV's operational expertise and extensive B2B network.
Established in 2023 by Pravin Wadekar, Rahul Borude, and Amey Anekar, StampMyVisa serves travel agents, corporates, OTAs, and MICE companies to help process visas for more than 60 countries, with a 99.5% success rate. The firm processed over 50,000 visas within six months and has attained 4X revenue growth in eight months. SMV is also in the advanced stages of negotiations to raise $3 million to fuel its next phase of growth.
Co-founder & CEO Rahul Borude, an ex-CRED employee, stated, "This feels like coming full circle from being a part of CRED's founding team to now acquiring a startup that has Kunal Shah's backing. Teleport has amassed a loyal customer base among young Indian travelers. Together, we bring their consumer innovation with our scalable visa infrastructure."
Teleport was established in 2022 by Nikita Dresswala and is headquartered in Mumbai. Teleport specializes in making travel visa application simpler, providing end-to-end services from submission to approval. It has secured $507K of seed financing from Angel List and others.
StampMyVisa has also built an API-based infrastructure for processing visas through its developer platform Konveyor, allowing travel platforms, banks, OTAs, and fintechs to integrate visa services directly into their own platforms.
