(L-R) Mystifly Co-Founders Rajeev Kumar and Bharat Goyal
Singapore-based B2B SaaS and marketplace for the airline industry, Mystifly, has concluded its pre-Series B funding round at US$8 million.
The funding round was led by Cornerstone Venture Partners (CSVP) and joined by earlier investments from RSI Fund I, Jenfi, and Crusade Partners.
Mystifly plans to use the funds to expand its presence in Singapore and enhance its data and technology capabilities.
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Founded in 2009, Mystifly offers multi-source shopping that unifies airline offers, order management, and payments on a single platform. This enables it to provide discovery, ticket order management, ancillary sales, post-booking services and payments for over 700 airlines, including 200+ low-cost airlines, airlines moving to new distribution, and traditional full-service Airlines.
The firm’s products empower over 3,000 clients globally. Its customers include online travel agencies, loyalty programmes, e-commerce platforms, fintech firms, travel management companies, travel agencies, concierge businesses, wholesalers, and aggregators. Some names are Priceline, American Express Leisure Travel, JPMorgan Chase, Travel Perk, Kiwi, MakeMyTrip, Paytm, Agoda, and EaseMyTrip.
Mystifly has offices in Singapore, the UK, the US, and India.
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