Airline ticket aggregator “Mystifly” raises undisclosed seed funding from Japanese firm Recruit Holdings

Mystifly provides B2B technology solutions for airline ticket booking agencies

Bengaluru - Oct 4, 2016. RedNewswire/-

Mystifly has raised undisclosed seed funding from one of the funds owned by Japanese private equity firm Recruit Holdings.

My FareBox, the B2B global airfare market place owned by Mystifly, will use the money to invest in technology, sales and marketing to expand its global presence.

The Japanese fund will acquire a minority stake in the company.

Rajeev Kumar,chief executive, said..

“The fresh funds will help us in actualising our next vision of simplifying airfare pricing, revenue management and transforming our marketplace into value hubs that benefit our ecosystem of suppliers and customers."“We are expecting to grow our transactions multi-fold and to invest more on our core technology , sales and marketing to grow our global footprint." he added.

The company has a team of 190 employees and claims to have 2,500+ clients, in over 70+ countries with 900+ airlines covered.

The company has products like -

  • MyFareBox -A B2B global airfare aggregation, consolidation and fulfillment technology platform offering ticket-able and bookable content from 900+ airlines across 70+ point of sale countries on a single platform.
  • OnePoint - An API for booking agencies to source lowest global airfares.
  • XClusive - allows travel companies to manage their staff and registered sub agents and manage their bookings.
  • 247 TravelDesk - is an approval and self booking tool for corporates which can be used by employees to book and manage their multi-itinerary bookings.

Source:PTI

Featured image source

Contributors: