Chargebee’s investors are reportedly in talks with new and existing institutional backers about selling a portion of their stake in the startup.
However, details on the sale of the stake have yet to be confirmed. “The early-stage investors (of Chargebee) are offering the stake at a steep discount,” sources told Mint. The startup’s valuation could be as low as $1.5 billion as a result of this.” The news comes just a month after Inc42 reported that Chargebee laid off 10% of its workforce, or 142 people. The SaaS unicorn closed a $250 million funding round in February, with a post-money valuation of $3.5 billion.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
Chargebee’s investors are reportedly in talks with new and existing institutional backers about selling a portion of their stake in the startup.
However, details on the sale of the stake have yet to be confirmed. “The early-stage investors (of Chargebee) are offering the stake at a steep discount,” sources told Mint. The startup’s valuation could be as low as $1.5 billion as a result of this.” The news comes just a month after Inc42 reported that Chargebee laid off 10% of its workforce, or 142 people. The SaaS unicorn closed a $250 million funding round in February, with a post-money valuation of $3.5 billion.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
