Tag: Chargebee

Chargebee Raises $55 Mn In Series F Funding Round Led By Insight Partners

Existing investors Tiger Global and Steadview Capital also participated in the funding round

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!

2 min read

Opinions expressed by Entrepreneur contributors are their own.

You’re reading Entrepreneur India, an international franchise of Entrepreneur Media.

Founded in 2011, San Francisco-based SaaS (software as a service) startup Chargebee has secured USD55 million in Series F funding round led by Insight Venture Partners with participation from its continuing shareholders Tiger Global and Steadview Capital.

The company had last raised USD14 million in Series F funding round led by Steadview Capital in August 2019.

 “We believe that a steady SaaS-i-fication of the market is already underway with traditional businesses replicating the best practices of SaaS pricing and business models even outside the realm of software. Subscription businesses today have to be ready at all times to identify

Read More

Chargebee raises $55 million for subscription and billing automation

San Francisco-based Chargebee, which provides subscription management and recurring billing tools, today raised $55 million. The company says the funds will be put toward product development and go-to-market efforts.

By some estimates, 40% of ecommerce revenue comes from repeat purchasers. (Streaming music subscriptions alone generated $19.1 billion in 2018.) But only 32% of online bills are made on a recurring basis, while the remaining 68% are one-time payments.

Chargebee’s platform automates things like funneling users toward plans and collecting payment information, as well as executing upgrade or downgrade billing adjustments and facilitating recurring subscription renewals. For tasks it can’t handle automatically, Chargebee enlists human agents through customer relationship management dashboards from Zendesk, Salesforce, and Netsuite while guiding customers through a customizable zero-code checkout experience.

Courtesy of integrations with Stripe, Braintree, WorldPay, and PayPal payment products, customers can pay using digital wallets like Amazon Pay and Apple Pay; with credit or

Read More