Chargebee plans to go Public

A senior executive of Chargebee, a software-as-a-service (SaaS) company that provides subscription billing and revenue management solutions to business firms and companies, plans to go public. However, it wants to get listed on the market only after hitting key internal milestones including bolstering leadership, diversifying its product portfolio across key segments, and stepping into important markets. The company is backed by Tiger Global. In an interview, Krish Subramanian, co-founder, and CEO of Chargebee said, “Over the next 3-5 years we want to be ready with respect to becoming a public company. That requires a lot of internal maturity.”

Subramanian is one of the four cofounders of the software-as-a-service (SaaS) company which belongs to the crop of VC-backed decade-old Indian-origin SaaS companies hitting key revenue and market milestones globally. Last year in the month of September, the San Mateo-headquartered Freshworks, founded in Chennai like Chargebee, had made a Nasdaq listing at a $13-billion market valuation at the close of listing day. However, Chargebee is setting many stores by following the journey of collaboration tools software company Atlassian, which recorded over $2 billion in revenue in 2021.