ChargeBee Secures $ 800K Funding from Accel Partners

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Chennai based subscription billing SaaS startup ChargeBee has announced that it has raised funding to the tune of USD 800K from Accel Partners. Started in 2011 by a team of ex-Zoho employees Krish Subramanian, KP Saravanan, Thiyagarajan T and Rajaraman S, Chargebee has about 500 paying customers across 10 countries including United States, Australia and UK.

In an email, Krish has stated that they are planning to double their efforts in an order to better serve customers in North American region and have already increased their team size to 24. Chargebee currently processes about $1.6 million worth of customer transactions every month and has set its target to hit $20 million a month by the end of the year.

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