Comments
Mystifly, a vertical SaaS and marketplace provider for the airline industry has raised Pre Series B funding of $8 million from CSVP (Cornerstone Venture Partners) along with earlier investments from RSI Fund I. LLC (a subsidiary of Recruit Co Ltd), Jenfi & Crusade Partners among others.
With this Pre-series B funding, Mystifly plans to extend the market reach of its SaaS products and services.
Founded in 2009, the Singapore-based vertical B2B SaaS player envisioned to bring a difference in the experience that its travel intermediary customers provide to their end travelers.
On a single platform, the company unifies airline offers, order management, and payments with multi-source shopping. For over 700 airlines, including 200 low-cost carriers, airlines moving into new distribution, and traditional full-service airlines, the company enables discovery of offers, ticket ordering, ancillary sales, post-booking services, and payments.
Rajeev Kumar, Founder, and CEO of Mystifly said, “We are excited to welcome CSVP as an investor alongside our earlier investor RSI, and Jenfi & Crusade Partners as we expand Mystifly’s reach. The pandemic has made us more resilient, and our investment in multi-source search, servicing, and payment platforms has resulted in a self-onboarding enterprise-level air travel platform for airlines and travel intermediaries.”
Kumar added, “We’ve rebuilt the digital plumbing lines for airlines & intermediaries, enabling them to adapt to today’s e-commerce world.”
The platform enables its B2B customers to offer personalised travel, changing the competitive parameters to way beyond price creating an industry-transforming air retailing experience to travelers. Shopping based on attributes helps airlines position themselves better and empowers customers to make more informed decisions.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.