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.[1] Mystifly is headquartered in Singapore, with offices in the USA (New Jersey), UK (Middlesex) and India (Bangalore).[citation needed]
| Company type | Private |
|---|---|
| Industry | Travel Industry |
| Founded | 2009 in Bangalore, India |
| Founder | Rajeev Kumar |
| Headquarters | Singapore |
| Products | ASR Hub1.0, C2, MyFareBox, xClusive, MystiPay, Mystifly Universe |
| Website | www |
History
editMystifly 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 Nov, 2019 Mystifly launched travel industry’s first API for guaranteed & automated Voids, Refunds and Cancellation for flight tickets.[5] Followed by that, in Feb, 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 investor, Recruit Co. Ltd.[7]
Products
edit- 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.
- xClusive - A simplfied travel API along with customer service for non-travel business
- MystiPay - A Payment and Settlement solution for Airlines and Travel businesses.
- Mystifly Universe - A flight Cache API
Awards
edit| Year | Awards | Category | Result | Ref. |
|---|---|---|---|---|
| 2015 | World Travel Awards | World's Leading Airline Consolidator | Won | [8] |
| 2016 | World Travel Awards | World's Leading Airline Consolidator | Won | [9][10] |
| 2017 | World Travel Awards | World's Leading Airline Consolidator | Won | [11] |
| 2018 | World Travel Awards | World's Leading Airline Consolidator | Won | [12] |
| 2019 | World Travel Awards | World's Leading Airline Consolidator | Won | [13] |
References
edit- ^ "Mystifly provides access to lowest consolidator global airfares – The Magazine for Tech & Business Professionals". Retrieved 2018-01-19.
- ^ a b "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.
- ^ a b "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
- ^ Mystifly lands $3.3M to further develop airline retailing platform
- ^ "World's Leading Airline Consolidator 2015". World Travel Awards.
- ^ "World's Leading Airline Consolidator 2016". World Travel Awards.
- ^ "Mystifly defends World's Leading Airline Consolidator title at World Travel Awards". Song Of The Week. December 6, 2016. Retrieved March 14, 2021.
- ^ "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.