Chargebee raises $18M to help businesses manage subscriptions

The subscription model is growing in popularity as a way to monetize a service, netting in trends in SaaS, media, e-commerce and other verticals that are in search of more predictable, recurring revenues. Now, a startup built to provide a subscription platform to businesses has raised a round of funding to grow. 
San Francisco and Chennai-based Chargebee has raised an $18 million Series C round to help companies manage recurring billing. The funding was led by Insight Venture Part