Airfare consolidator Mystifly has raised Series A funding, but has declined to disclose the amount.
The Series A investment round is led by RSI I Fund, one of the funds managed by Tokyo-based firm Recruit Holdings, whose various funds have also invested in the online travel agency Loco Partners and the metasearch site Tripping.
The fund gets a minority stake in the company.
Bangalore-based Mystifly, which is four years old and has 190 employees, has built MyFareBox, a business-to-business airfare marketplace that caters primarily to air and tour operators.
The platform has processed half-a-million B2B transactions in 60 countries, with customers including travel resellers, travel management companies, tour operators, and corporates.
Mystifly, which has more than 2,500 customers, says it will use the fresh investment to expand the presence of MyFareBox.
For a broader, strategic viewpoint by Rajeev Kumar, CEO and managing director for Mystifly, read his opinion piece published today: "Travel resellers: how tech savvy must you get?"