Travel Tech Startup Mystifly Raises $8 Million In Funding From Cornerstone Venture Partners, Others

Singapore-based travel tech startup Mystifly on Thursday announced that it has raised funds from CSVP (Cornerstone Venture Partners), concluding its pre-series B funding at $8 million, which includes earlier investments from RSI Fund (a subsidiary of Recruit), Jenfi & Crusade Partners, among others.Mystifly offers SaaS and marketplace platform for the travel distribution sector. It enables online travel agencies and travel intermediaries to access the inventory of airfares (with or without commercial agreements with airlines).The startup also offers airlines an alternative distribution and payments reconciliation and settlement platform, it said in a press statement. It claims to have booked and settled over 20 million air travels through the platform.Mystifly will use fresh funds to speed up the growth of its data and technology capabilities and expand its global footprint, distribution and product offerings."We are excited to welcome CSVP as an investor alongside our earlier investor RSI, and Jenfi & Crusade Partners as we expand Mystifly's reach. We've rebuilt the digital plumbing lines for airlines & intermediaries, enabling them to adapt to today's e-commerce world," said Rajeev Kumar, founder and CEO, Mystifly.Discover the stories of your interestBlockchain5 StoriesCyber-safety7 StoriesFintech9 StoriesE-comm9 StoriesML8 StoriesEdtech6 StoriesMystifly plans to extend the market reach of its SaaS products and services, the startup said