Mystifly
Open-knowledge reference entry
Mystifly is an airfare distribution and payments settlement marketplace platform. It allows travel businesses to source airfares from global distribution systems (GDS), airlines and other airfare suppliers. Mystifly is headquartered in Singapore, with offices in the 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.
Mystifly launched its application programming interface (API) at the WIT Conference in 2011.
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.
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This entry incorporates text from “Mystifly” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.