Travel technology startup Mystifly raised $8 million in funding from Cornerstone Venture Partners and other investors. This latest round of funding brings the company’s total funding to $12.6 million.
Mystifly was founded in 2009 by Rajeev Kumar, a travel industry veteran with over 25 years of experience. The company offers an innovative airfare consolidation platform that allows travel agents, tour operators, and other travel businesses to access and compare airfares from over 900 airlines across the world.
The new funding will be used to expand Mystifly’s global reach and invest in new technologies to improve the company’s airfare consolidation platform. The company also plans to use the funds to strengthen its sales and marketing efforts and hire new talent.
“We are thrilled to have the support of Cornerstone Venture Partners and other investors as we continue to grow and expand our business,” said Rajeev Kumar, CEO of Mystifly. “This funding will allow us to invest in new technologies and expand our global reach, helping us to better serve our customers and provide them with the best airfare options available.”
Cornerstone Venture Partners is a venture capital firm that specializes in early-stage investments in technology companies. The firm has invested in a number of successful startups, including Freshworks, Dailyhunt, and Unacademy.
“We are excited to partner with Mystifly and support their growth as they continue to innovate and disrupt the travel industry,” said Sivaramakrishnan Narayanan, Managing Partner at Cornerstone Venture Partners. “Mystifly’s innovative airfare consolidation platform has the potential to transform the way travel businesses access and compare airfares, and we look forward to working with the company as they continue to grow and expand their business.”
The travel industry has been hit hard by the COVID-19 pandemic, with many businesses struggling to stay afloat. However, Mystifly has managed to weather the storm and continue to grow its business, thanks in part to its innovative technology and global reach.
With this latest round of funding, Mystifly is well positioned to continue to innovate and disrupt the travel industry, providing travel businesses with the tools and technologies they need to succeed in a rapidly changing world.
