Atlys Announces First ESOP Buyback to Enhance Employee Liquidity

Atlys, a renowned visa processing platform, has revealed its inaugural ESOP buyback programme valued at Rs 4 crore, aimed at providing liquidity for qualifying employees. This initiative allows employees the opportunity to liquidate up to 25% of their vested stock options. The buyback was accessible to employees across various roles and functions.

Long-Term Ownership Options for Atlys Employees

The company has also introduced a new option enabling employees to increase their long-term ownership in the organisation. Established in 2021 by Mohak Nahta, Atlys offers a digital platform that facilitates visa applications to over 120 destinations worldwide.

Recent Investment and Market Expansion

This announcement follows Atlys’ successful $36 million Series C funding round led by Susquehanna Asia Venture Capital, with contributions from Elevation Capital, Peak XV Partners, Long Journey Ventures, and MakeMyTrip. Presently, Atlys operates at an impressive annual visa run rate exceeding 700,000 and has broadened its footprint into markets such as the UAE, the US, the UK, and Australia.

In the first quarter of 2026, several startups, including BrowserStack, Innovaccer, Unacademy, and CoinDCX, collectively announced buybacks amounting to nearly $220 million.