About Airpay
Airpay is a company based in Mumbai (India) founded in 2012 by Rohan Anil Deshpande, Rakesh Jhunjhunwala, and Kunal Jhunjhunwala. Airpay has raised $3.63 million across 2 funding rounds from investors including Kalaari Capital, Utpal Sheth and Sunil Singh. The company has 996 employees as of October 31, 2024. Airpay has completed 1 acquisition, including FinMapp. Airpay offers products and services including SchoolPay, HotelPay, Airpay Vyaapaar, and BFSIPay. Airpay operates in a competitive market with competitors including Stripe, Razorpay, Flutterwave, PayU and Adyen, among others.
- Headquarter Mumbai, India
- Employees 996 as on 31 Oct, 2024
- Founders Rohan Anil Deshpande, Rakesh Jhunjhunwala, Kunal Jhunjhunwala
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
$15.55 M (USD)9as on Mar 31, 2024
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Net Profit
-$1.83 M (USD)-223as on Mar 31, 2024
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EBITDA
-$1.59 M (USD)-192as on Mar 31, 2024
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Total Equity Funding
$3.63 M (USD)
in 2 rounds
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Latest Funding Round
$3.59 M (USD), Series A
Mar 06, 2017
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Investors
Kalaari Capital
& 7 more
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Employee Count
996
as on Oct 31, 2024
- Investments & Acquisitions
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Products & Services of Airpay
Airpay offers a comprehensive portfolio of products and services, including SchoolPay, HotelPay, Airpay Vyaapaar, and BFSIPay.
Secure solution for cashless fee collection in education.
Tools for seamless payments in hospitality services.
Platform for retail payment processing and management.
Solutions for banking and financial institution transactions.
People of Airpay
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Funding Insights of Airpay
Airpay has successfully raised a total of $3.63M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $3.59 million completed in March 2017. 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 2
- Last Round Series A — $3.6M
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First Round
First Round
(28 Apr 2016)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2017 | Amount | Series A - Airpay | Valuation | Kalaari Capital | |
| Apr, 2016 | Amount | Angel Round - Airpay | Valuation | Utpal Sheth |
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Investors in Airpay
Airpay has secured backing from 8 investors, including venture fund and angel investors. Prominent investors backing the company include Kalaari Capital, Utpal Sheth and Sunil Singh.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investments in early-stage technology companies are made by Kalaari Capital.
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Founded Year | Domain | Location | |
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US
Utpal Sheth |
Veteran investor, CEO of Rare Enterprises, mentor to Indian startups
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Founded Year | Domain | Location |
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SS
Sunil Singh |
Angel investor and entrepreneur, known for early-stage tech investments in India.
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Founded Year | Domain | Location |
Investments & Acquisitions by Airpay
Airpay has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include FinMapp.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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App-based platform for personal finance tracking and advisory.
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2021 |
Financial Statements - Airpay
Airpay Comparisons
Competitors of Airpay
Airpay 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 Stripe, Razorpay, Flutterwave, PayU and Adyen, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Payment processing and card issuance solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Payment and business banking solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Online payment processing and credit solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Payment issuance and processing solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Digital payments and engagement solutions are offered for MSMEs.
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Frequently Asked Questions about Airpay
Airpay was founded in 2012 and raised its 1st funding round 4 years after it was founded.
Airpay is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Airpay is a funded company, having raised a total of $3.63M across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $37.54K, raised on Apr 28, 2016.
As of Oct 31, 2024, the latest employee count at Airpay is 996.
Annual revenue of Airpay is $15.55M as on Mar 31, 2024.
Airpay was founded in 2012 and is headquartered in Mumbai, India. An integrated omnichannel financial services platform is offered, encompassing solutions for tax management, expense tracking, payout processing, utility bill payments, payment cards, BFSI tools, and logistic payments. Operations focus on streamlining financial transactions across multiple channels for businesses and consumers in the fintech sector.
Airpay offers SchoolPay, HotelPay, Airpay Vyaapaar, and BFSIPay.
Airpay has made 1 acquisition, including FinMapp.
Airpay has 8 investors. Key investors include Kalaari Capital, Utpal Sheth, Sunil Singh, Rajiv Agarwal, and Rakesh Jhunjhunwala.
The valuation of Airpay is $13.82M as of Mar 2017.