Chargebee, an Indian billing startup, has raised a substantial series B led by the New York-based investment fund Tiger Global. The startup is currently processing approximately $100m in annual customer transactions.
The startup has closed a $5 million Series B round led by the New York-headquartered investment fund, with participation from previous backer Accel — which put together ChargeBee’s $800,000 Series A round last year. Founded in 2011, ChargeBee is focused on helping startups, and particularly those in the Saas space, get more from their billing subscriptions. It counts Freshdesk, Kissflow, Soylent and VinylMePlease among its customer base, which includes companies in the U.S., Europe and Asia-Pacific, ChargeBee CEO Krish Subramanian told TechCrunch in an interview: “Billing is an amazing opportunity for conversation with customers but also a point of friction if not done well. In a subscription-based business model, it becomes crucial to deliver amazing customer experience in billing as much as your product and we focus on delivering this on top of global payment gateways like Stripe & Braintree”