India's Chargebee takes the sting out of billing hassles

Summary:Chargebee is yet another company whose origins can be traced to indignant comments on a Hacker news post about a subscription rate hike — in this case, at billing infrastructure leader Chargify — which inspired the founders to jump-start a competing service.

Name: Chargebee

Cloud Segment: SaaS

Type of App: Billing and Subscription Management

Founders/Management: KP Saravan, S Rajaraman S and T Thiyagarajan T, S Krishnamoorthy

Co-founded by former employees of Zoho, one of India’s first stars in the CRM and cloud space, Chargebee’s business model seems to have arrived at the right time in a world where almost everything seems to require a subscription, from online television to digital newspapers and magazines.

Yet for companies who dole out these subscriptions, managing things like billing can be a distracting affair, especially if you cater to a fast-growing, diverse, global client list.

Chargebee’s system helps these beleaguered companies by automating a big chunk of the back-end processes in the world of billing, such as invoice generation, payments collection, follow-ups, and discount management for sales and marketing teams. By doing so, client companies are freed up to concentrate on core functions—where sales and marketing departments, for instance, can now immerse themselves in special promotions, secure in the knowledge that Chargebee’s system is enabling accurate and speedy responses to billing issues and queries.

chargebee-founders
Chargebee founders

The company has partnered with 30 payment gateways such as Braintree, Stripe, and authorize.net, and says it has customers from 10 countries including Australia, US, UK, and Canada.  Chargebee has raised around $800,000 in a Series A funding from Accel Partners, bringing its total to date to $1.17 million. 

 

Topics: Cloud, India

About

Rajiv is a journalist and filmmaker based out of New Delhi who is interested in how new technologies, innovation, and disruptive business forces are shaking things up in India. He was most recently a features editor at Business Standard newspaper, and started his career as a reporter with Fortune Magazine in New York in the '90s. He a... Full Bio

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