India: Kalaari Capital leads Series A round in payments start-up Airpay

Airpay Payment Services Pvt. Ltd, a start-up that runs omni-channel payments platform Airpay, has raised series A funding of Rs24 crore led by venture capital firm Kalaari Capital, with participation from existing investors Rakesh Jhunjhunwala and Rajesh Jhunjhunwala.