Steadview Capital, Accel Partners, others infuses ₹100 cr in subscription management startup Chargebee

Must Read

Howdy, Modi! : World media reactions on Modi-Trump’ grand Houston Event address

New Delhi, Sep 23: United States President Donald Trump and Indian Prime Minister Narendra Modi on late Sunday shared...

Howdy Modi : Modi-Trump mark history in US-India relationship with great show at Houston

Houston, Sep 22:  Modi, delivering his speech at the historic event, talks about the development underwent over five years...

ECI announces dates of Maharashtra & Haryana elections; Single Phase Election on October 21; Result on 24th

Election Commission of India has announced the dates of much-awaited state elections. According to the Chief Election Commissioner, Sunil...

Chargebee, a subscription management startup, based out of Chennai, has secured $14 million (approx ₹100 crore) funding in a round led by Steadview Capital. While, Insight Venture Partners and Accel Partners also participated in the round.

The platform said it will utilise the funds to fill gaps in the subscription management ecosystem and to upscale automation in this field, to support business revenue operations.

With this investment, the company has raised funds of $38.2 million (₹274 crore).

“Enterprises and rising startups recognize the value of subscription businesses. Unlike transactional revenue models, subscriptions require companies to evaluate longer-term metrics and redefine Key Performance Indicators for success,” said Krish Subramanian, co-founder, and CEO of Chargebee.

Chargebee was founded by Krish Subramanian, K.P. Saravanan, Rajaraman S. and Thiyagarajan T. in 2011. It currently offers a payment subscription billing platform, which is compatible with other global payment networks and gateways such as Stripe and PayPal.

The platform is an automated subscription billing software platform that integrates with payment gateways to automate payment collections, invoicing, email notifications and customer management.

Its latest product updates enable clients to optimise revenue operations, compliance and revenue recognition. The company claims to cater to 1800 businesses across 53 countries, with three offices in the US and Amsterdam.

Other startups under the similar sky as Chargebee include Sage Intact, Chargify, Zuora, Stripe Connect, 2Checkout and many more.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Defence exports to rise to Rs 35,000 cr by 2024: Army Chief

New Delhi, Oct 18 (IANS) Army Chief General Bipin Rawat said on Friday that domestic defence industry exports are...

Neha Dhupia shares an adorable picture with her daughter as she turns 11 months old

Actress Neha Dhupia has been on a work sabbatical and is currently enjoying her motherhood. She recently shared a picture of herself on her Instagram...

Mrunal Thakur approached for Shahid Kapoor starrer Jersey’s remake after Rashmika Mandanna quits

Mrunal Thakur has been approched for the Hindi remake of Telugu hit Jersey that will star Shahid Kapoor in the lead role. The makers...

Centre asks all schools to set up kitchen gardens

New Delhi, Oct 18 (IANS) All schools have been asked to set up a kitchen garden and instructions to this effect have been issued...

Centre proposes to give temple site to Guru Ravidas devotees

New Delhi, Oct 18 (IANS) The Centre on Friday informed the Supreme Court that it proposes to give to devotees of Guru Ravidas the...
- Advertisement -

More Articles Like This