Back
Havish Gupta
Figuring Outย โขย 9m
This startup could have killed Rajorpay. But it couldn't. This is the story of Airpay, a fintech startup founded by Kunal Jhunjhunwala in 2012. He realized many small businesses, especially in rural and semi-urban areas, struggled to accept online payments. They had to use multiple payment gateways for different payment option, which were costly and inefficient. This led him to BOOTSTRAP Airpay, a platform that provided a single, integrated payment solution for all types of businesses. With Airpay, businesses only needed one POS machine for all types of payment services. The company had some early success, but growth was limited due to a lack of funding. Later, Airpay added online payment solutions (for websites), similar to Razorpay. Recognizing their growth, Airpay received seed funding from angel investor, followed by a $3.59 million Series A round the next year. Today, Airpayโs valuation stands at $13.8M, with $14.3M in revenueโwhich is impressive, but still nowhere close to giants like Razorpay, BharatPe, or Paytm. The main reason for this is the lack of funds and competition from well-funded startups. Do you think it could have became much bigger with more funds?
Replies (10)
More like this
Recommendations from Medial
Souvik Paul
ย โขย
ZeroBizzย โขย 3m
Swipe left to see the prompt ๐ The Revolution of Indian Payment Gateways. Indiaโs fintech journey has transformed how we pay, fast, secure, and seamless. Companies like @razorpay @phonepepg @cashfree.payments @paytm @ccavenue_ @juspaytech @pinelabs
See More
Shuvodip Ray
ย โขย
Arizona State Universityย โขย 4m
๐Vibe Jugaad: Bolt couldnโt integrate the Razorpay payment gateway into my application. I tried different approaches but failed, and honestly, I had no idea how to set up a payment gateway myself. So, I asked Bolt to implement an activation code fe
See More
Sahil Shaikh
Sahil Sutra | YouTub...ย โขย 1y
The potential to create new types of businesses is abundant in society as the basic foundation of any business is the ability to address some sort of problem, and because problems exist everywhere, so do opportunities. However, as a generation, we l
See More
Ashish Singh
Finding my self ๐ถโ๏ฟฝ...ย โขย 9m
Some of the most successful Y Combinator-backed startups from India include: โข Razorpay: A fintech company valued at $7.5 billion, offering payment solutions for businesses4. โข. Meesho: A social commerce platform that simplifies online selling for
See More
vishakha Jangir
ย โขย
Set2Scoreย โขย 1m
๐๐ฒ๐ป๐ ๐ฒ๐ป๐๐ฟ๐ฒ๐ฝ๐ฟ๐ฒ๐ป๐ฒ๐๐ฟ๐ถ๐ฎ๐น ๐๐๐ผ๐ฟ๐ ๐๐ฒ๐ฟ๐ถ๐ฒ๐: ๐๐ต๐ฎ๐ฝ๐๐ฒ๐ฟ 8 ๐ฅ๐ฎ๐๐ผ๐ฟ๐ฝ๐ฎ๐: Founded in 2014 by Harshil Mathur and Shashank Kumar, IIT Roorkee graduates in their early 20s. Idea came when they faced difficulty integrating a
See More
Sresh
.......ย โขย 5m
๐งพ MSMEs lose โน60,000 Cr yearly due to delayed payments Recur Club raised โน150 Cr to solve cash flow gaps What's broken? โ Payment cycles of 60โ120 days โ Costly working capital loans โ Lack of funding access for B2B SaaS & service firms What Recu
See More
NIKUNJ TULSYAN
Building Flex Aura |...ย โขย 6m
Day 6 of building a SAAS in public My first Saas is almost done and will be live in a day or two once payment is integrated. Stripe is not available in India and other platforms like Razorpay are taking too much time to confirm. Hoping for the best
See More
Download the medial app to read full posts, comements and news.