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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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.
| 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 |
Investments & Acquisitions by Mystifly
Financial Statements - Mystifly
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.
| 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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Frequently Asked Questions about Mystifly
Mystifly was founded in 2009 and raised its 1st funding round 7 years after it was founded.
Mystifly is headquartered in Singapore, Singapore.
Rajeev Kumar is the current CEO of Mystifly. They have also founded this 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.
As of Mar 30, 2024, the latest employee count at Mystifly is 157.
Annual revenue of Mystifly is $36.94M as on Mar 31, 2023.
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.
Mystifly has 3 investors. Key investors include Recruit Holdings, Cornerstone Venture Partners Fund, and Crusade Partners.
The valuation of Mystifly is $37.52M as of Oct 2016.