03 October 2016, India :
Airline ticket aggregator Mystifly has raised undisclosed amount from one of the funds owned by Japanese firm Recruit Holdings, reported ET.
Awarded as “World’s Leading Airline Consolidator” by World Travel Awards 2015, Mystifly is a global airfare marketplace offering consolidator airfares of 900+ airlines including 170+ LCCs from 70+ point of sale countries on a single platform.
Fare types include Ethnic Fares, Web Fares, Marine Fares, Tour Operator Fares, Student Fares, Labour Fares, Military Fares and so on, sourced from a plethora of Consolidator Fares, Market Restricted Fares, Web Fares, Corporate Fares, Published and Private Fares. The money will be utilized to invest in technology, sales and marketing to expand its global presence.
“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,” said chief executive Rajeev Kumar. “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.”
The company has so far been operational in a self-funded model and with a team of 190 employees. Source- ET