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Chargebee acquires Trainn, a SaaS startup founded by its alumni, as industry consolidates

Trainn is Chargebee’s second acquisition in about a month’s time as the Tiger Global-backed company accelerates its AI efforts. A few weeks ago, Chargebee acquired Inai, a firm that provides software to track and manage payments.

Layoffs are hard but we know our reality: Krish Subramanian, Chargebee Cofounder

In an interview with Moneycontrol, the Chargebee founder dismissed rumours of a down-round or strategic sale, saying the company is fully capitalised.

SaaS in 2023: Founders and investors spot emerging themes amid recession fears

The next year is likely to be tough for many SaaS firms. However, segments such as generative AI, PaaS offerings, and Low Code/No Code platforms, cloud security-based software may gather more steam in 2023.

SaaS firms brace for rough ride as macroeconomic conditions worsen

While many investors still bat for the sector calling it “just another cycle of correction”, there is fear that valuations for SaaS companies will see sharper cuts as more layoffs and cost rationalization are on the cards.

Tiger Global and Sequoia-backed SaaS unicorn Chargebee lays off 10% staff

In a letter shared with the Chargebee’s team, Subramanian wrote that the company changed its hiring plan to align with priorities.

Chargebee raises $125 Mn at a valuation of $1.4 Bn, enters unicorn club

The latest round of fundraising makes Chargebee the 11th unicorn to emerge from India in just four months of 2021, compared to 11 unicorns in all of 2020, underscoring the high investor interest.

Exclusive: SaaS firm Chargebee guns for unicorn status with $1.4 billion valuation in fundraise

The fundraising round will likely be led by a fresh US-based investor, with existing backers Tiger Global Management, Steadview Capital and Insight Partners doubling down on their bets.

Chargebee nets $18 m from Insight Venture Partners

The Series C investment also saw participation from previous investors Accel Partners and Tiger Global Management, the company said in a statement today.