The Saas startup chargebee has hit a valuation of $1.4 Billion, which is almost 3 times its valuation in October 2020. The 10 year old billing and revenue management startup has raised over $230 million so far.
With this Chargebee becomes 11th unicorn of 2021 and seventh for Tiger Global for this year, though being NewYork based company Tiger Global backs 20 unicorns in India.
The Chennai and California based startup Chargebee has completed its series G round of funding with investor Sapphire Ventures and existing investors Tiger Global and Insight Venture Partners.
Chargebee helps companies to automate their subscription, billing, invoice and payments, and has clients across 60 countries.
According to Chargebee, funds will be invested in growing the startup in the global market and increasing the clientele.
The billing and revenue management startup has raised $125 Million in a Series G round with investor Sapphire Ventures and existing investors Tiger Global and Insight Venture Partners. The round also saw participation from another existing investor Steadview Capital.
Co-founder and Chief Executive Officer at Chargebee, Krish Subramanian, said “Businesses today need to quickly respond to evolving customer needs, compliance requirements, and market pressures in real-time. More than ever before, businesses need their subscription revenue platform to be the reliable system of record that enables them to rapidly scale their revenue process”.