Chargebee raises $18 M in Series C, experts give funding lessons at Rajasthan IT Fest

Thursday March 22, 2018 , 3 min Read

Chargebee, a smart subscription billing platform, announced it had raised $18 million in a Series C round led by Insight Venture Partners, with participation from existing investors – Accel Partners and Tiger Global Management. Chargebee was founded in 2011 by KP Saravanan, Krish Subramanian, Rajaraman Santhanam, Thiyagarajan T. and operates out of offices in Chennai and San Francisco.

Chargebee founders KP Saravanan, Krish Subramanian, Rajaraman Santhanam, Thiyagarajan T

Tax is boring, as much as it is painful. For an entrepreneur, there is no option but to learn the intricacies of the tax system, says Alok Patnia, founder and CEO of Taxmantra. Giving tips on financial management for businesses, Alok said allowance of many expenses depend upon proper accounting and return filing in a startup. He recommends that entrepreneurs outsource business tax and accounting functions instead of hiring in-house accountants.

Alok Patnia, Founder and CEO, Tax Mantra, with the audience at Rajasthan IT Fest in Jaipur

Amazon became the second most valuable company in the world by surpassing Google's parent Alphabet and is now next only to Apple. The total market capitalisation of Amazon was pegged at $768 billion on Tuesday, while Alphabet was worth $762.5 billion. Amazon had overtaken Microsoft as the third most valuable company only in February.

Amazon CEO Bezos — Amazon CEO Jeff Bezos

Inspired by the idea of affordable home automation that would allow one to control appliances using a smartphone, Ujjwal Syal set up Octise in 2017. Octise devices are designed to fit in existing switchboards so a user does not need to change existing wiring, and appliances connected to the device can be accessed remotely through a smartphone.

Ujjwal Syal, Founder of Octise, and Aayush Saini who heads operations

In her interactions with big pharma companies, Gauri Angrish saw medicine non-adherence was a huge unsolved problem and decided to take a go at mitigating the issue. She set up Caredose in 2016 as a medicine management venture that uses proprietary technology and packaging to ensure and track medicine adherence in patients, while building big data for healthcare entities and public health programmes.

Gauri Angrish, founder and CEO, Caredose

What if a farmer could be notified of weather inconsistencies through predictive analytics, such that his harvest is unaffected? What if farmlands could be monitored remotely, and what if agri-lenders could take stock of lands, farm loans, credit records, repayment cycles etc, on a real-time tech-enabled platform? California-based startup Harvesting enables all of the above and more.