About Mystifly
Mystifly is a company based in Singapore (Singapore) founded in 2009 by Bharat Goyal and Rajeev Kumar.. Mystifly has raised $16.3 million across 3 funding rounds from investors including Recruit Holdings, Cornerstone Venture Partners Fund and Crusade Partners. The company has 157 employees as of March 30, 2024. Mystifly operates in a competitive market with competitors including Travelzen, Datalex, Airlines Reporting Corporation, TripStack and Radixx, among others.
- Headquarter Singapore, Singapore
- Employees 157 as on 30 Mar, 2024
- Founders Bharat Goyal, Rajeev Kumar
- Stage Minicorn
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Sectors
Travel & Hospitality
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Mystifly Consulting (India) Private Limited
- Date of Incorporation 30 Jul, 2009
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
$36.94 M (USD)140.8as on Mar 31, 2023
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Net Profit
$980.96 K (USD)234.82as on Mar 31, 2023
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EBITDA
$-4.52 M (USD)-34.75as on Mar 31, 2023
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Total Equity Funding
$16.3 M (USD)
in 3 rounds
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Latest Funding Round
$8 M (USD), Series A
Mar 23, 2023
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Investors
Recruit Holdings
& 2 more
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Employee Count
157
as on Mar 30, 2024
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Funding Insights of Mystifly
Mystifly has successfully raised a total of $16.3M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $8 million completed in March 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $8.0M
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First Round
First Round
(03 Oct 2016)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Series A - Mystifly | Valuation | Cornerstone Venture Partners Fund | |
| Jul, 2020 | Amount | Series A - Mystifly | Valuation | Recruit Holdings |
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| Oct, 2016 | Amount | Series A - Mystifly | Valuation | Recruit Holdings |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Mystifly
Mystifly has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Recruit Holdings, Cornerstone Venture Partners Fund and Crusade Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital fund investing in B2B technologies and enterprise solutions in India.
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Founded Year | Domain | Location | |
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Offers venture debt to early and growth-stage technology firms in Asia.
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Founded Year | Domain | Location | |
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Staffing and recruitment services are provided by Recruit Holdings.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Mystifly
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Mystifly
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mystifly Comparisons
Competitors of Mystifly
Mystifly operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Travelzen, Datalex, Airlines Reporting Corporation, TripStack and Radixx, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Booking engine for travel services
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| domain | founded_year | HQ Location |
AI and web-enabled flight ancillary distribution and pricing engine solution provider
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| domain | founded_year | HQ Location |
Secure platform for airline partnerships, transactions, and NDC implementation services.
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| domain | founded_year | HQ Location |
SaaS-based flight distribution and itinerary solutions for OTAs are delivered.
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| domain | founded_year | HQ Location |
Global distribution systems and tech solutions for airlines are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mystifly
Frequently Asked Questions about Mystifly
When was Mystifly founded?
Mystifly was founded in 2009 and raised its 1st funding round 7 years after it was founded.
Where is Mystifly located?
Mystifly is headquartered in Singapore, Singapore.
Who is the current CEO of Mystifly?
Rajeev Kumar is the current CEO of Mystifly. They have also founded this company.
Is Mystifly a funded company?
Mystifly is a funded company, having raised a total of $16.3M across 3 funding rounds to date. The company's 1st funding round was a Series A of $5M, raised on Oct 03, 2016.
How many employees does Mystifly have?
As of Mar 30, 2024, the latest employee count at Mystifly is 157.
What is the annual revenue of Mystifly?
Annual revenue of Mystifly is $36.94M as on Mar 31, 2023.
What does Mystifly do?
Mystifly was founded in 2009 and is headquartered in Singapore. SaaS-enabled technology solutions are delivered to airline ticket booking agencies within the travel technology sector. A B2B platform for global airfare aggregation, consolidation, and fulfillment is operated, supporting ticket distribution. Self-booking tools for corporate users are included, allowing employees to handle multi-itinerary bookings and management. Operations emphasize efficient booking processes across international markets.
Who are the top competitors of Mystifly?
Who are Mystifly's investors?
Mystifly has 3 investors. Key investors include Recruit Holdings, Cornerstone Venture Partners Fund, and Crusade Partners.
What is Mystifly's valuation?
The valuation of Mystifly is $37.52M as of Oct 2016.
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