Enterprise software startup Chargebee has raised $250 million at a valuation of $3.5 billion, in a funding round lead by Tiger Global and Sequoia Global, the company's founders said.
Founded in the southern Indian city of Chennai by two friends, Krish Subramanian and Rajaraman Santhanam, more than a decade ago, Chargebee caters to a range of companies from startups to big enterprises, including Study.com, cloud-based software maker Freshworks and lifestyle brand Goop. Although business-to-business initiative accounts for about 70per cent of Chargebee's volumes, a spurt in e-commerce-related activity is helping it add more clients on the business-to-consumer side.
Source: News Formal (newsformal.com)
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