Mystifly, a platform for air shopping and payments, has raised $8 million in a pre-Series B fundraising round that was overseen by Corner Venture Partners and included contributions from RSI Fund I, LLC, Jenfi, and Crusade Partners.
Recruit Co., Ltd., an existing investor, provided $3.3 million to Mystifly in the first installment of the pre-Series B financing in July 2020. According to a press statement from Mystifly, the additional funds will be utilized to expand data and technological capabilities, as well as to diversify distribution channels and increase product options.
Mystifly, which Rajeev Kumar and Bharat Goyal co-founded in 2009, provides a full-stack API platform to established travel companies as well as to modern e-commerce and travel middlemen. The market penetration of Mystifly’s SaaS goods and services is a goal. The business is ready to expand and anticipates providing its clients and partners with even more value.
The platform, which is situated in Singapore and Bengaluru, promises to provide a variety of solutions for several stakeholders during the pandemic time, demonstrating that it is an anti-fragile business that is well positioned to expand moving forward.
According to Mystify, the platform has been used to book and settle more than 20 million air travel transactions. Among its clients are Priceline, American Express Leisure Travel, JPMorgan Bank, MakeMyTrip, Paytm, Agoda, and EaseMyTrip.