New York and Bengaluru-based SaaS billing startup Zenskar has raised $3.5 million in a seed funding round led by Bessemer Ventures, with participation from Shine Capital, Basecamp Fund, and Converge.
Founded in 2022 by Apurv Bansal and Saurabh Agrawal, Zenskar offers a flexible billing platform for SaaS companies to handle complexities in pricing that include usage-based pricing, subscriptions, nuanced discounts, credits, custom currencies, prepaid, and post-paid, among other things.
The startup intends to use the raised capital to invest in engineering talent, accelerate product development and advance its go-to-market initiatives.
“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.
“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," said Apurv Bansal, Co-founder of Zenskar.