Chennai-based revenue management platform Chargebee, becomes Unicorn with fresh round of funding
The Hindu
Chargebee is now valued at $1.4 billion, which triples its valuation in less than 6 months
Chargebee, a subscription billing and revenue management platform, has raised $125 million in series G funding, co-led by new investor Sapphire Ventures and existing investors Tiger Global and Insight Venture Partners, along with participation from another existing investor, Steadview Capital. With this, the Chennai based firm has reached the Unicorn status. With this fresh round of investments, Chargebee plans to further invest in their product to help businesses scale their subscription revenue operations seamlessly from start-up to IPO. The company also announced that it will be increasing its investment into global expansion and key partnerships. Chargebee is now valued at $1.4 billion, which triples its valuation in less than 6 months.
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