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Chargebee's backers plan to sell stakes worth $1.5 billion

Chargebee's investors are reportedly in talks with new and existing institutional backers about selling a portion of their stake in the startup.

However, details on the sale of the stake have yet to be confirmed. "The early-stage investors (of Chargebee) are offering the stake at a steep discount," sources told Mint. The startup's valuation could be as low as $1.5 billion as a result of this." The news comes just a month after Inc42 reported that Chargebee laid off 10% of its workforce, or 142 people. The SaaS unicorn closed a $250 million funding round in February, with a post-money valuation of $3.5 billion.

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