Startup Story: Chargebee | Subscription Billing Software
To improve work efficiency, many micro, small and medium enterprises (MSMEs) have adopted the use of the software.
Due to the rise in the adoption of the software, the Indian software as a service (SaaS) market is expected to grow at 36 percent per year. And the SaaS market is expected to touch US $3.3-3.4 billion by 2022.
This demand for SaaS in India is not only fuelling growth at companies level, but many startups have emerged out due to this growth.
Chargebee is among such startups is India.
Startup Story: Chargebee | Automated Subscription Billing Software
Chargebee is a subscription and recurring billing system. Chargebee services are mainly used by SaaS and subscription-based eCommerce businesses.
This automated subscription billing software startup was founded by KP Saravanan, Krish Subramanian, Rajaraman Santhanam, Thiyagarajan T in June 2011.
How Chargebee Was Founded?
Chargebee was founded by 4 friends – Rajaraman, KP Saravanan, Krish Subramanian, and Thiyagarajan T. Their goal was to build a company together.
After some time, they founded a subscription-based billing system called Chargebee. And by January 2013, they had their first customer using the Chargebee billing platform.
Chargebee helps maintain subscriptions, automate billing, and simplify accounting.
Chargebee Present Situation
Chargebee is presently serving 15000+ customers in 50+ countries. Chargebee has received a total funding of $38.2M.
And according to them,
“We are a global team of truth-seeking problem-solvers. We’re fearless idealists who believe that we can change the world.”
Chargebee Future Plans
After receiving Series D funding, Krish Subramanian, Co-founder & CEO at Chargebee said,
“The last few years have been particularly exciting for us at Chargebee. We’ve seen the scale of operations of our existing and new customers grow at a CAGR of over 150% year-on-year.”
Chargebee plans to fill gaps in the subscription management ecosystem. Chargebee team is also planning to upscale automation in this field and to support business revenue operations.
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