09022833777
Sections
Search
Subscribe
DealCurry
Equity
Venture Capital
Private Equity
M&A

Venture Capital | 13 January 2014

Cloud Billing Startup ChargeBee Secures Funding From Accel Partners

by Tilak Devadiga
Cloud Billing Startup ChargeBee Secures Funding From Accel Partners
Share on Social Media Email Facebook Twitter Linkedin
 
@tilak

Chennai based ChargeBee Technologies has raised $800000 from @Accel_Partners to increase its sales and marketing efforts internationally and hire engineers for further product development, says Yourstory.

In late 2012, the company had received $350,000 from undisclosed US angel investors for developing its product.

Founded in June 2011 by Krish Subramanian, KP Saravanan, Thiyagarajan T and Rajaraman S the company provides subscription and recurring billing solutions for online businesses, especially SaaS and retail. Krish has worked in the software and services industry whereas the remaining 3 have over a decade experience in product management from Zoho.

ChargeBee enables users to set price plans, create promotional coupons, and generate email notifications. Currently with a base of 500 paying customers spread across 10 countries the startup aims to reach $20 Mn worth transaction by year end from the current $1.6 Mn.

The revenue model of the company that counts FreshDesk, Healthcare Magic, Boxtv.com among its clients, is based on the number of invoices generated. It has partnered with 30 payment gateways like Braintree, Stripe, and authorize.net and also supports 2checkout.com, a PayPal alternative for Indian businesses.

With cloud billing market expected to reach $9.58 billion in 2018 from $2.4 Bn in 2013, a CAGR of 31.9%, ChargeBee and other peers like WebEngage, Wingify, Knowlarity may see a high likelihood of acquiring customers in India.

Recently, digital payments service provider Citrus Pay had raised $2 Mn from Sequoia.


PriceBaba Plans Series A Funding

PriceBaba Plans Series A Funding

Price comparison site PriceBaba is planning to raise $3 Mn in its Series A round by March to fuel its expansion plans, according to Startupcentral.

Read More...

Zoomcar Secures Funding From Sequoia Capital, Others

Zoomcar Secures Funding From Sequoia Capital, Others

Bangalore based ZoomCar India Private Limited, a self-driven car rental startup, has raised $8 Mn in new round of funding led by Sequoia Capital India. Other investors include former Infosys CFO Mohandas Pai and Manipal Group's head of corporate affairs Abhay Jain.

Read More...
DealCurry Timeline
TL Home Search New Keet
CONTACT US
Info@DealCurry.com
09022833777
A 314, 3rd Floor, AntopHill Warehousing Company,
Near Dosti Acres
Wadala(E),
Mumbai 400037
 
   
 
CLIENTS
USEFUL LINKS
SOLUTIONS
Copyright © EagleEye Research & Media Pvt. Ltd. 2009 All Rights Reserved - Interactive multimedia analysis platform for financial markets.
Site map |Terms of Use |Privacy Policy
DealCurry tracks financial and corporate markets for events, interprets and integrates the information in our platform, providing premium data, news and analytics. DealCurry provides comprehensive coverage of the capital markets through an intuitive, user-friendly interface.