Mystifly secures $3.3mn in pre-Series B round led by Recruit
The Bengaluru based start-up will use the capital to strengthen the infrastructure of its airfare distribution technology and product.
Air retailing and payments platform Mystifly raised $3.3 million in a pre-Series B round led by Japan based Recruit Holdings Co.
The Bengaluru based start-up will use the capital to strengthen the infrastructure of its airfare distribution technology and product. Mystifly will also use the fund to further develop its machine learning and data science capabilities, as well as address the inefficiencies in airline payment systems.
Mystifly offers SaaS solutions to automate airline ticketing distribution, fulfilment, and payments technology for both offline travel agents and online travel aggregators (OTAs). The start-up also has an office in Singapore, with around 140 employees.
Rajeev Kumar, Co-founder, Mystifly said, “We work with a combination of small and large airlines globally and we also wholesale supply networks who provide us with airfare inventory in bulk. But today as we grow, we are partnering directly with airline operators instead, and enabling a far higher retailing capability for airline brands with our tools, when compared to their existing capability.”