ETtechBilling startup for SaaS companies Zenskar on Tuesday said it has raised $3.5 million in seed funding led by Bessemer Venture Partners, with participation from Shine Capital, Basecamp Fund and Converge.
Headquartered in both New York and Bengaluru, Zenskar offers a billing platform for SaaS companies to handle complexities in pricing such as usage-based pricing, subscriptions, nuanced discounts, credits, and custom currencies, among other things.
Zenskar claims to have innovated system design and architecture to allow limitless flexibility. With a visual, drag-and-drop interface, non-technical users can configure any deal structure, it said.
“We are excited to partner with Zenskar on their journey to disrupt the quote-to-cash tooling for SaaS companies. We were impressed with their deep understanding of customer pain points, and their DNA of first principles innovation to provide a radically unique and flexible billing software," said Anant Vidur Puri, partner, Bessemer Venture Partners.
The startup will use the funding to invest in engineering talent, accelerate product development and advance its go-to-market initiatives.
Saurabh Agrawal, cofounder of Zenskar, said: “Our flexible billing platform enables sales teams to get creative with pricing while guarding finance teams against billing inaccuracies and delays. Internal engineering resources are freed up from billing efforts. In addition, finance teams can recognise accounting entries very flexibly in a low-code no-code manner based on business and pricing nuances.”
Headquartered in both New York and Bengaluru, Zenskar offers a billing platform for SaaS companies to handle complexities in pricing such as usage-based pricing, subscriptions, nuanced discounts, credits, and custom currencies, among other things.
“Our vision is to provide an integrated suite of financial products that automates the quote-to-cash cycle, including CPQ, billing, accounting, receivables management, usage metering, analytics, and forecasting. This funding provides us the fuel to accelerate our efforts,” said Apurv Bansal, cofounder of Zenskar.
Zenskar claims to have innovated system design and architecture to allow limitless flexibility. With a visual, drag-and-drop interface, non-technical users can configure any deal structure, it said.
“We are excited to partner with Zenskar on their journey to disrupt the quote-to-cash tooling for SaaS companies. We were impressed with their deep understanding of customer pain points, and their DNA of first principles innovation to provide a radically unique and flexible billing software," said Anant Vidur Puri, partner, Bessemer Venture Partners.
The startup will use the funding to invest in engineering talent, accelerate product development and advance its go-to-market initiatives.
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Saurabh Agrawal, cofounder of Zenskar, said: “Our flexible billing platform enables sales teams to get creative with pricing while guarding finance teams against billing inaccuracies and delays. Internal engineering resources are freed up from billing efforts. In addition, finance teams can recognise accounting entries very flexibly in a low-code no-code manner based on business and pricing nuances.”
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