Product: MyFareBox, OnePoint
Category: Established Company
Principal(s): Rajeev Kumar G, Founder & CEO
Funding: $5M Series A from Recruit Holdings, Japan
Product Description: Buying an air ticket on any OTA or any e-commerce website or app is a simple few clicks. But changes and cancellations are a nightmare!
Business Model: Mystifly's marketplace consolidates airfares from multiple GDSs and point-of-sale Pseudo City Codes (PCCs). Using robust and highly scalable APIs, Mystifly provides end-to-end capabilities to customers: search, discovery, book, fulfillment and payment solutions.
Competitors: Competitors include distribution businesses, OTAs, consolidators and aggregators from every country we cover.
Competitive Edge: Mystifly is the world's leading airfare marketplace enabling distribution and payments settlement. Mystifly offers its customers a single source for airfare content covering 500+ airlines including 180+ LCCs from 80+ point-of-sale countries with multi-currency and real-time payments and settlement.
Market Opportunity: Approximately 3B air travel segments are booked every year using online OTA platforms. OTAs employ thousands of resources in call centers to help travelers manage their post-booking requirements. 10% of all travel itineraries issued by OTAs need some form of post-ticketing service. We see approximately 100M to 300M post-ticketing transactions per annum that can automated using C2.
Early Customers: Mystifly caters to a global customer base including Kiwi.com, Priceline, Goibibo, ixigo, SmartFares, Tiantai, Cleartrip, Skiddoo, iGola