Singapore-based Mystifly, a leading vertical SaaS & marketplace provider for the airline industry, has raised Pre Series B funding of S$8 million (US$6 million) from CSVP (Cornerstone Venture Partners) along with earlier investments from RSI Fund I (a subsidiary of Recruit Co), Jenfi and Crusade Partners among others.
With this Pre-series B funding, Mystifly plans to extend the market reach of its SaaS products and services. This investment will help speed up the growth of Mystifly’s data and technology capabilities and expand Mystifly’s global footprint, distribution & product offerings.
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 for travellers. Shopping based on attributes helps airlines position themselves better and empowers customers to make more informed decisions.
“We’ve rebuilt the digital plumbing lines for airlines & intermediaries, enabling them to adapt to today’s e-commerce world,” said Rajeev Kumar, founder and CEO of Mystifly.