Get All Access for $5/mo

Traveltech Startup Teleport Raises $500,000 In Pre-Seed Funding The capital infusion will be utilized to further develop Teleport's cutting-edge technology, assemble a dynamic team, and drive effective distribution strategies

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company handout

Traveltech startup Teleport has announced the closure of its pre-Seed funding round, securing a substantial $500,000 in equity funding, adding to the $100,000 grant it received from PeakXV (Sequoia) Spark program in early 2023. As per the platform, the funding will be instrumental in fuelling Teleport's mission to ensure hassle-free travel visas and revolutionize the way people experience cross-border travel.

It also said, this capital infusion will be strategically utilized to further develop Teleport's cutting-edge technology, assemble a dynamic team, and drive effective distribution strategies.

"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.

Teleport empowers travellers with a streamlined visa application process that features automated flows, easy guided steps, and data-led decisions to maximize visa approval rates. The company said it targets to process 1,00,000 visas within the year 2023.

"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 just the 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.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Leadership

Visionaries or Vague Promises? Why Companies Fail Without Leaders Who See Beyond the Bottom Line

Visionary leaders turn bold ideas into lasting impact by building resilience, clarity and future-ready teams.

Business News

Former Steve Jobs Intern Says This Is How He Would Have Approached AI

The former intern is now the CEO of AI and data company DataStax.

Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.

Science & Technology

5 Automation Strategies Every Small Business Should Follow

It's time we make IT automation work for us: streamline processes, boost efficiency and drive growth with the right tools and strategy.

Marketing

5 Critical Mistakes to Avoid When Giving a Presentation

Are you tired of enduring dull presentations? Over the years, I have compiled a list of common presentation mistakes and how to avoid them. Here are my top five tips.

Green Entrepreneur®

How Global Business Leaders Can Build a Sustainable Supply Chain

Businesses can build sustainable supply chains by leveraging technology to reduce environmental impact, optimize resources and track emissions while balancing operational efficiency and sustainability goals.