Mystifly closes $8 million in pre-Series B funding

Mystifly, a Singapore and Bengaluru-based air retailing and payments platform has secured $8 million in its pre-Series B funding round led by Corner Venture Partners Fund (CSVP Fund) and other investors such as RSI Fund I, LLC, Jenfi and Crusade Partners.

Co-founded in 2009 by Rajeev Kumar and Bharat Goyal, Mystifly offers Saas solutions to airline businesses and for new-age e-commerce and travel intermediaries. It offers multi-source shopping that unifies airline offers, order management and payments on a single platform enabling offer discovery, ticket order management, ancillary sales, post-booking services and payments.

The Saas startup claims to have booked and settled over 20 million air travels through the platform and its customers include American Express Leisure Travel, JPMorgan Chase, Paytm, and EaseMyTrip, among others.

It has offices in Singapore, the UK, the US, and India and claims to offer services to 3,000 clients, including 700 airlines, e-commerce platforms, fintech companies, travel management companies, wholesalers, and aggregators.

Mystifly aims to extend the market reach of its SaaS products and services. The company says it is poised for growth and looks forward to delivering even greater value to its customers and partners.

Mystifly had raised $3.3 million in the first tranche of the pre-Series B round from existing investor Recruit Co., Ltd in July 2020. The startup has raised a total of $13 million in funding to date. The startup says it will use the new capital to expand its global footprint, distribution and product offerings and grow its data and technology capabilities.