Mystifly
| Private | |
| ISIN | 🆔 |
| Industry | Travel Industry |
| Founded 📆 | 2009 in Bangalore, India |
| Founder 👔 | Rajeev Kumar |
| Headquarters 🏙️ | Singapore |
Area served 🗺️ | |
| Products 📟 | ASR Hub1.0, C2, MyFareBox |
| Members | |
Number of employees | |
| 🌐 Website | www.mystifly.com |
| 📇 Address | |
| 📞 telephone | |
Mystifly is an airfare distribution and payments settlement marketplace platform that consolidates global consolidators and airlines. It allows travel businesses to source airfares from global distribution systems (GDS), airlines and other airfare suppliers.[1] Mystifly is headquartered in Singapore, with offices in USA (New Jersey), UK (Middlesex) and India (Bangalore).
History
Mystifly was founded in 2009 by Rajeev Kumar. He first got into global airfare consolidation as an idea in 2006 while he was looking for a London–India fare. The fare that Indian travel agencies quoted was much higher than it would be if he had bought it in London, and that’s when he realised how the industry worked. Further research and a few months of technology and process consulting helped solidify the idea, and gave birth to Mystifly.[2]
Mystifly launched its application programming interface (API) at the WIT Conference in 2011.[2]
Mystifly raised $5 million in Series A funding round led by RSI I Fund LLC, operated by Japanese private equity firm Recruit Holdings Co. Ltd. With this, the Japanese investor has a minority stake in the company.[3][4]
In November 2019, Mystifly launched travel industry’s first API for guaranteed & automated Voids, Refunds and Cancellation for flight tickets.[5] Following that, in February 2020, Mystifly announced the launch of New Generation Airline Retailing & Shopping API Platform ASR Hub 1.0 with branded fares feature.[6] Recently, the company has managed to raise a Pre-Series B round of US$3.3 million from its existing investors - Recruit Co. Ltd., [7]
Products
MyFareBox: A One-stop web-based travel Booking UI for all ticketing requirements – Search, Ticket and Post-Ticketing Services. [4]
ASR Hub 1.0: An XML web service solution for Global flights retailing that helps travel companies ticket through an API integration.
C2: API solution based on Natural language processing and Machine learning model for guaranteed & automated Voids, Changes and Cancellation of flight tickets.
Awards
Mystifly is awarded as World's Leading Airline Consolidator by World Travel Awards in 2015,[8] 2016,[9] 2017,[10] 2018,[11] and 2019.[12]
References
- ↑ "Mystifly provides access to lowest consolidator global airfares – The Magazine for Tech & Business Professionals". Retrieved 2018-01-19.
- ↑ 2.0 2.1 "Mystifly's B2B meta play pays off big in 2015 - WIT". WIT. 2015-03-04. Retrieved 2018-01-19.
- ↑ Sengupta, Devina (2016-10-04). "Japanese firm invests Rs 33 crore in Mystifly". The Economic Times. Retrieved 2018-01-19.
- ↑ 4.0 4.1 "Mystifly Owned Global Airfare Marketplace MyFareBox Raises $5 Mn From Recruit Holdings - Inc42 Media". inc42.com. Retrieved 2017-10-31.
- ↑ Mystifly Launches C2 at Phocuswright Conference
- ↑ Mystifly Announces Launch of New Generation Airline Retailing & Shopping API Platform ASR Hub 1.0
- ↑ [1]
- ↑ "World's Leading Airline Consolidator 2015". World Travel Awards.
- ↑ "World's Leading Airline Consolidator 2016". World Travel Awards.
- ↑ "World's Leading Airline Consolidator 2017". World Travel Awards.
- ↑ "World's Leading Airline Consolidator 2018". World Travel Awards.
- ↑ "World's Leading Airline Consolidator 2019". World Travel Awards.
External links
This article "Mystifly" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Mystifly. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
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