Chargebee Becomes a Unicorn by raising $125 million funding
By MYBRANDBOOK
The chennai based Chargebee Inc., a startup that helps enterprises with subscription billing and revenue management, raised $125 million in funding and boosted its valuation to $1.4 billion, reaching the unicorn status . Chargebee helps individuals, small and medium-sized businesses and enterprises set up, manage and automate subscriptions, billing, invoicing and payments. One of the key strengths of Chargebee is that it can help even large enterprises move to a subscription model within 10 days.
The investment will help the company to scale-up globally as customers hasten their shift to subscription-based services, The pandemic has accelerated the shift to software-as-a-service subscription models, says, Krish Subramanian, co-founder and chief executive officer, Chargebee.
Chargebee helps small and medium enterprises, from carmakers to cafe chains, automate billing, subscriptions, invoicing and payments in different geographies. Subscription models are increasingly popular as customers look for predictable, recurring revenue.
The pandemic has accelerated the shift to subscription-based billing, a market estimated to grow at 14% annually to $7.8 billion by 2025. It trend is helping the industry to implement subscription plans in different countries, roll out pricing experiments and partner with payment providers such as Stripe Inc. and PayPal Holdings Inc.
The startup’s offerings today are not limited to just billing. It also helps businesses plug revenue leakage, increase customer loyalty, expand into new categories with the backend ready and experiment with pricing plans - introducing and removing them within 30 minutes.
It supports over 100 currencies, and dozens of popular payment gateways, including Stripe, Braintree, WorldPay and PayPal, and its global tax management coverage also helps businesses expand to new markets. MakeSpace, an on-demand storage company, used Chargebee’s services to scale from four markets to 31 in one year, for instance.
The startup has amassed more than 3,000 customers, most of whom are based in the U.S. and Europe.
BREAKING NEWS
TECHNO TRENDS
Microsoft to build a new data centre to support Thailand's tec
Microsoft has revealed intentions to construct a regional data centre as w...
SAP launches cloud services to help Indian scaleups innovate m
SAP at SAP unveils now "GROW with SAP for Scaleups," a new cloud service d...
Denodo and Sonata form alliance to unlock data-to-value creati
Denodo and Sonata Information Technology India Limited (SITL) have annou...
Google Play Store will now let users download two apps simulta
Google Play Store now lets users download two apps simultaneously. While a...
E-Magazine
TECHNOTAINMENT
ED attaches Raj Kundra, Shilpa Shetty’s Rs 97 crore worth as
The Enforcement Directorate (ED) has seized businessman Raj Kundra's pro
Salman Khan trolled for singing with B Praak at Anant Ambani's
To celebrate Mukesh Ambani's youngest son Anant Ambani’s 29th birthday
MOVERS & SHAKERS
DigiCert names Atri Chatterjee as CMO
DigiCert has announced the appointment of Atri Chatterjee as Chief Market
Amagi names its Chief Product Officer
Amagi announced the appointment of Richard Perkett as its Chief Product Of
OPEN YOUR EYES
INTERVIEWS
Committed to follow future roadmap with 'Make-in-India' 2.0 Vi
As technology advances, AI is used in increasingly disparate ways to help a
Fortinet leading the charge towards networking and security co
Fortinet offers a wide range of technologies, including next-generation fir
HOT PICK
COLORFUL rolls out an array of gaming laptops
COLORFUL launched its incredible series of COLORFUL EVOL P15 gaming laptop
Dell Technologies launches new AI-powered commercial PC portfo
Dell Technologies has launched the broadest portfolio of commercial AI lap
MAKE IN INDIA BRANDS
CENTRE FOR DEVELOPMENT OF TELEMATICS
ATRIE TECHNOLOGY PVT. LTD.
DRUVA SOFTWARE PVT. LTD.
SAFE SECURITY SERVICES PVT. LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Technology Icons Of India 2023: Amit Chadha
. An influential leader in the engineering services industry for over ...
Technology Icons Of India 2023: Ashwini Vaishnaw
Ashwini Vaishnaw is an Indian politician and former IAS officer and is...
Technology Icons Of India 2023: Hari Om Rai
Hari Om Rai is the Co-founder, Chairman & Managing Director of Lava In...
PARTNER SPEAKERS
PSU
GSTN aims to integrate indirect tax ecosystem on a shared IT infrastructure
Goods and Services Tax Network (GSTN) has built Indirect Taxation plat...
EESL encouraging e-mobility adoption across India
Energy Efficiency Services Limited (EESL) is a Super Energy Service Co...
RailTel connecting every corner of India
RailTel is an ICT provider and one of the largest neutral telecom infr...
VIDEOS
Top 25 Brands
Value-Added Distribution
BEETEL TELETECH LTD.
: Beetel is one of the oldest and most reputed brands in the Industry,...
TECH DATA, A TD SYNNEX COMPANY
Tech Data Corporation was an American multinational distribution compa...
Crayon Software Experts India Pvt Ltd
Crayon helps its customers build the commercial and technical foundati...
ITFORUM 2024
WIITF 2024
CMO of the Year
WOMEN LEADERSHIP
EMINENT CIO's OF INDIA
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
