Bessemer leads $3.5 Mn seed round in Zenskar

Bessemer leads .5 Mn seed round in Zenskar

Zenskar, a flexible billing platform for SaaS startups, has raised $3.5 million in its seed round led by Bessemer Venture Partners, with participation from Shine  Capital, Basecamp Fund and Converge.

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The proceeds will be used in engineering talent, ramp up product development and advance its go-to-market initiatives, Zenskar said in a press statement. 

Founded by Apurv Bansal and  Saurabh Agrawal, Zenskar offers a flexible billing platform that enables SaaS companies to handle complexities in pricing that include usage-based pricing, subscriptions, nuanced discounts, credits, custom currencies, prepaid, post-paid, ramp deals, etc. 

New York and  Bengaluru-based Zenskar integrates with the entire stack of a company, including CRM, CPQ and ERP. 

According to Fintrackr’s data, 14 SaaS-based startups scooped up $171 million in August this year. Last month several early stage startups also raised funding which includes DINGG and UserStudy among others. 

Early-stage venture capital firm StartupXseed Ventures had raised Rs 243 crore ($30.4 Mn) in its second fund to back SaaS and deep tech verticals.

Source @Entrackr

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