Chargebee has raised Rs 403 Cr in its Series F funding round, led by Insight Partners.The company will invest the money to improve its platform and develop new solutions to cater to companies with increasingly complex revenue models.
Chargebee automates billing and revenue operations that are required by subscription-based businesses. Practo and Freshworks are among its India clients.
“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 and leverage market opportunities rapidly,” said Krish Subramanian, co-founder and CEO of Chargebee