Chargebee Revenue, Valuation, Funding & Investors

Chargebee is valued at $3.5B as of February 2022, a 30.4x multiple on its last reported $115M revenue.

Last Chargebee valuation

$3.5B

Series H · Feb 2022

Last Chargebee funding round

$250M

Series H · Feb 2022

Chargebee revenue

$115M

Series H · Feb 2022

Key investors in Chargebee

  • Tiger Global
  • Insight Partners
  • Accel
  • Steadview Capital
  • Sapphire Ventures
  • Peak XV Partners

Chargebee Overview

About Chargebee

Chargebee is a San Francisco-headquartered subscription billing platform for SaaS and e-commerce companies. It handles recurring revenue through integrations with Stripe, Zuora, and Shopify, supporting dunning, usage-based pricing, and multi-currency invoicing for clients like Pretium and Calendly. Processing billions in annual transactions across 200 countries, Chargebee offers revenue recognition compliant with ASC 606. Founded in 2011 with roots in Chennai, it serves over 20,000 businesses worldwide.


Founded

2011

HQ

United StatesSan Francisco, CA

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Revenue

$115M (Feb 2022)

Valuation

$3.5B (Feb 2022)

Chargebee Valuation

Chargebee is currently valued at $3.5B, based on its Series H in February 2022.

The $250M round was led by Peak XV Partners and Tiger Global, with participation from Steadview Capital, Sapphire Ventures and Insight Partners.

Chargebee's valuation has grown 7.0x from $500M at its Series F in October 2020 to $3.5B in February 2022, across 3 priced rounds.

Chargebee valuation by funding round

Revenue multiple
Chargebee valuation by funding round
DateStageValuationRevenue Multiple
Feb 2022Series H$3.5B30.4x
Apr 2021Series G$1.4B6.9x
Oct 2020Series F$500M-

Chargebee Revenue

Chargebee's latest recorded revenue is $115M, as of its Series H in February 2022. At a $3.5B valuation, that implies a 30.4x revenue multiple.

Revenue moved from $203M in April 2021 to $115M in February 2022, while the revenue multiple moved from 6.9x to 30.4x.

Chargebee revenue by funding round

Chargebee revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Feb 2022$115M$3.5B30.4xSeries H
Apr 2021$203M$1.4B6.9xSeries G

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Chargebee Funding History

Chargebee has raised a total of $468M across 7 funding rounds.

Chargebee's first fundraising round was a $800K Series A in January 2014. The most recent completed round was a $250M Series H in February 2022.

Chargebee funding rounds

Chargebee funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Feb 2022Series HPeak XV Partners (lead); Tiger Global (lead); Steadview Capital; Sapphire Ventures; Insight Partners$250M$3.5BChargebee is a SaaS unicorn providing an enterprise-focused subscription management and billing platform, serving clients like Okta, Freshworks, Calendly, and Study.com. In February 2022, it raised $250 million in a Series H funding round co-led by Tiger Global and Peak XV Partners (formerly Sequoia Capital India), with participation from existing investors Insight Partners, Sapphire Ventures, and Steadview Capital. This brought total funding to about $470 million across multiple rounds, following a $125 million Series G in April 2021 that achieved unicorn status at $1.4 billion valuation. The round valued Chargebee at a post-money valuation of $3.5 billion, representing a 2.5x increase from its prior valuation. Proceeds are earmarked for product development, global expansion to support subscription businesses' billing and revenue needs, and strategic corporate growth initiatives. The company, headquartered in Chennai and San Francisco, operates in a SaaS sector projected to generate $50-$70 billion in revenue by a forecasted period. This funding occurred amid a strong investor interest in Indian SaaS startups, though later developments included backers discussing stake sales at a discounted $1.5 billion valuation and workforce reductions.
Apr 2021Series GInsight Partners (lead); Sapphire Ventures (lead); Tiger Global (lead); Gopal Srinivasan; Steadview Capital$125M$1.4BChargebee, a US and Chennai-based SaaS company founded in 2011, provides subscription billing and revenue management services to help businesses automate complex billing, invoicing, payments, and compliance for subscription models. It serves over 3,000 customers including Okta, Freshworks, Calendly, Linux Academy, and Fujitsu, primarily in the US and Europe, targeting segments like ed-tech, OTT, media, e-commerce, and IoT. The company enables rapid onboarding, even for large enterprises moving to subscriptions within 10 days, and emphasizes time-to-value and high net revenue retention of 140-150%. In April 2021, Chargebee raised $125 million in its Series G funding round, co-led by Sapphire Ventures, Tiger Global, and Insight Partners, with participation from Steadview Capital and other existing investors like Left Lane Capital and Accel. This brought total funding to $230 million and valued the company at a post-money $1.4 billion, tripling its prior October 2020 valuation of $500 million and granting unicorn status as India's 11th unicorn that year. The round reflects surging demand for subscription economy infrastructure amid digital transformation to SaaS and recurring revenue models. It highlighted 100% YoY revenue growth and customer revenue expansion of 125%. Post-round plans focused on global expansion, vertical diversification, product enhancements for revenue operations, and strengthening partnerships. Competitively, Chargebee positions against platforms like Recurly and Paddle, differentiating via scalability for enterprises, revenue recognition tools (later via RevLock acquisition), and metrics like NRR over 150%. The funding underscores investor confidence in the subscription billing market's growth, with Chargebee aiming to be the system of record for scaling revenue processes.
Oct 2020Series FInsight Partners (lead); Steadview Capital; Tiger Global$55M$500MChargebee is a San Francisco and Chennai-based cloud billing solutions provider offering end-to-end subscription management, billing, revenue operations, and compliance for SaaS and other subscription-based businesses. Founded in 2011 by Krish Subramanian, Saravanan KP, Rajaraman Santhanam, and Thiyagarajan T., it automates billing and revenue challenges as businesses scale, supporting integrations with payment gateways like Stripe and serving customers globally. In October 2020, Chargebee raised $55 million in a Series F growth round led by Insight Partners, with participation from existing investors Steadview Capital and Tiger Global, bringing total funding to $105 million. The funds were allocated to expand its product and integration ecosystem, enhance customer support, and accelerate global market expansion amid rising demand for subscription models in sectors like SaaS, digital media, eCommerce, and IoT. Prior rounds included a $14 million Series D from Steadview Capital in August 2019 and an $18 million Series C led by Insight Partners in March 2018 with Accel and Tiger Global. Later rounds achieved unicorn status with a $1.4 billion valuation in the April 2021 Series G ($125 million) and $3.5 billion in a subsequent 2022 round.
Aug 2019Series DSteadview Capital (lead); Insight Partners; Accel$14M--
Mar 2018Series CInsight Partners (lead); Tiger Global; Accel$18M-Chargebee, a Chennai- and San Francisco-based SaaS platform for subscription management and recurring billing, raised $18 million in its Series C funding round on March 20, 2018, led by Insight Venture Partners with participation from existing investors Accel Partners and Tiger Global Management. This brought the company's total funding to $24.7 million since its founding in 2011. The platform offers payment gateway-agnostic solutions compatible with Stripe, Braintree, PayPal, Adyen, and others, powering recurring revenue for B2B and B2C services in SaaS, digital media, eCommerce, and IoT verticals. At the time, Chargebee supported over 7,000 customers across 53 countries and had processed more than $65 million in invoices, particularly aiding early-stage companies. The funds were allocated for product R&D, sales, marketing, and aggressive expansion into new markets and segments. Harley Miller, vice president at Insight Venture Partners, joined Chargebee's board as part of the transaction. Insight highlighted Chargebee's robust subscription billing solution for both non-technical users and developers, positioning it to capitalize on the growing trend of recurring revenue businesses for SMBs and enterprises. The company emphasized its role in simplifying compliance, taxes, languages, currencies, and revenue models to help customers scale globally without billing complexities. Chargebee's prior funding included a $5 million Series B in March 2015 from Tiger Global and Accel Partners, $800,000 from Accel in January 2014, and $350,000 from angel investors in December 2012. The Series C marked a milestone in building a comprehensive ecosystem of integrations from lead to ledger for automating accounts receivables.
Mar 2015Series BTiger Global (lead); Accel$5M-Chargebee, a Chennai-based subscription billing and management platform founded in 2011, raised $5 million in its Series B funding round on March 10, 2015, led by Tiger Global with participation from existing investor Accel Partners. The company, which automates recurring billing, invoicing, taxes, and customer management, integrated with payment gateways like Stripe and PayPal. At the time, Chargebee processed $100 million in annual transactions for its customers and competed with Zuora, Recurly, and Chargify. It employed 37 staff in Chennai and planned to use the funds to establish satellite offices in the U.S., UK, and Australia while expanding its engineering team for advanced analytics and other services. Chargebee targeted high-growth startups for faster adoption and aimed to double down on growth, with the CEO indicating potential profitability soon and no new funding needed for two years.
Jan 2014Series AAccel (lead)$800K--

Who has invested in Chargebee?

7 investors have backed Chargebee across its funding rounds, including Tiger Global, Insight Partners, Accel, Steadview Capital, Sapphire Ventures and Peak XV Partners.

Lead investors include Peak XV Partners, Tiger Global, Insight Partners, Sapphire Ventures, Steadview Capital and 1 other investor.


Chargebee Investors

Investors in Chargebee by funding rounds participated
InvestorHQRoundsRoleFirst check
Tiger GlobalUnited StatesNew York City, NY5LeadMar 2015
Insight PartnersUnited StatesNew York City, NY5LeadMar 2018
Steadview CapitalUnited KingdomLondon4LeadAug 2019
AccelUnited StatesPalo Alto, CA4LeadJan 2014
Sapphire VenturesUnited StatesAustin, TX2LeadApr 2021

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Acquisitions by Chargebee

Chargebee has acquired 5 companies to date.

Last acquisition by Chargebee was on March 28th 2025. Chargebee acquired Trainn for undisclosed valuation.


Latest Acquisitions by Chargebee

Trainn
inai
numberz
Brightback
Description
Trainn is a platform enabling customer self-service through guided product training videos. Users record screen activities with voiceovers to create interactive tutorials for onboarding and support. Targeted at SaaS companies, Trainn integrates with helpdesks, reducing support tickets by embedding videos in apps and knowledge bases.
inai is a Bengaluru-headquartered payments orchestration platform that unifies over 300 global payment providers including Stripe, Adyen, Braintree, wallets, BNPL services like Affirm, open banking rails, fraud tools, BI analytics, and accounting integrations via a single API. Merchants configure custom no-code workflows through its dashboard to optimize acceptance rates, manage compliance, and route transactions dynamically across regions like North America, Europe, and Asia Pacific. Founded in 2021, inai supports high-growth e-commerce brands scaling internationally.
numberz is a SaaS platform automating accounts receivable processes for small and medium businesses in India and beyond. Launched in Bengaluru, it tracks unpaid invoices, predicts payment delays, and streamlines collections via dashboards and client portals. The tool integrates with accounting software like Zoho Books and QuickBooks, serving over 1,000 companies to recover stuck cash flows faster. CXOs use it for AR analytics, collectors for task automation, and clients for self-service payments.
Brightback is a San Francisco-headquartered platform founded in 2018 that advises subscription businesses on optimizing customer lifetime value through retention strategies and churn management tools.
HQ CountryUnited StatesUnited StatesIndiaUnited States
HQ City
Wilmington, DE
Newark, NJ
Gurgaon
San Francisco, CA
Deal Date28 Mar 20251 Mar 202523 Feb 202218 Jan 2022
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Chargebee Competitors

Chargebee competitors include listed companies like Wix.com and TOTVS, and private ones like Paddle, Mirakl, Rokt and Papaya Global.

Public and private companies comparable to Chargebee
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
PaddleUnited KingdomLondonPrivate$75M-$1.4B18.7x
MiraklFranceParisPrivate$100M-$3.5B35.0x
RoktUnited StatesNew York City, NYPrivate$600M-$3.5B5.8x
Wix.comUnited StatesUnited StatesPublicly listed$2B($13M)$3.3B2.0x
Papaya GlobalUnited StatesNew York City, NYPrivate$100M-$3.7B37.0x
TOTVSBrazilBrazilPublicly listed$1.1B$318M$3.8B3.2x

Chargebee Public Comps

Chargebee is still privately-owned, but its public comps include Wix.com, TOTVS, BILL.com, Money Forward, Vertex, Xinhua Winshare, GigaCloud Technology, ServiceTitan, BlackLine and Freee.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Wix.com$2B($13M)2.2x2.0x(352.9x)14.4x
TOTVS$1.1B$318M3.9x3.2x13.7x12.1x
BILL.com$1.7B$34M2.4x2.4x116.2x10.3x
Money Forward$324M$55M6.8x5.8x39.7x34.4x
Vertex$748M$103M2.8x2.6x20.5x10.8x
Xinhua Winshare$1.7B$248M0.4x0.4x2.9x3.4x
GigaCloud Technology$1.3B$158M1.6x1.4x12.8x10.6x
ServiceTitan$961M($86M)5.0x4.5x(55.8x)25.5x

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Common questions about Chargebee

When was Chargebee founded?Chargebee was founded in 2011.
Where is Chargebee headquartered?Chargebee is headquartered in San Francisco, CA, United States.
Is Chargebee publicly listed?No, Chargebee is a private, VC-backed company.
What is Chargebee's valuation?Chargebee was last valued at $3.5B in its Series H in February 2022.
How much funding has Chargebee raised?Chargebee has raised $468M across 7 funding rounds.
What was Chargebee's last funding round?Chargebee's last funding round was a $250M Series H in February 2022, led by Peak XV Partners and Tiger Global.
Who are Chargebee's investors?Chargebee's investors include Tiger Global, Insight Partners, Steadview Capital, Accel, Sapphire Ventures, Gopal Srinivasan and Peak XV Partners.
What is Chargebee's revenue?Chargebee's latest recorded revenue is $115M (February 2022).
What is Chargebee's revenue multiple?Chargebee's latest valuation implies a 30.4x revenue multiple ($3.5B valuation on $115M of revenue).
Which companies are comparable to Chargebee?Companies comparable to Chargebee include Paddle, Mirakl, Rokt, Wix.com, Papaya Global and TOTVS.
How many companies has Chargebee acquired?Chargebee has acquired 5 companies, including Trainn, inai, numberz, Brightback and RevLock.

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