Zenskar raises $3.5 million in seed funding led by Bessemer

• ByStartupStory     |    October 7, 2022

Zenskar, a New York and Bengaluru-based billing automation platform has raised about $3.5 million in a seed funding round led by Bessemer Venture Partners, with participation from Shine Capital, Basecamp Fund and Converge.

In a media statement on Tuesday, the company reported that they plan to utilise the funds by hiring and upskilling engineering talent, accelerating product development, and advancing its go-to-market initiatives.

Zenskar founded in March 2022 by Apurv Bansal and Saurabh Agrawal, offers services in automating accounting, streamlining receivables management workflows, and providing analytics along with solving billing- related limitations. Zenskar integrates with the entire stack of a company, including CRM, CPQ and ERP and aims to disrupt the quote-to-cash tooling segment or SaaS companies.  Quote-to-cash segment automates three core applications like configuring price quotes, contract management, and revenue management.

“Our vision is to provide an integrated suite of financial products that seamlessly automates the entire quote-to-cash cycle, including CPQ, billing, accounting, receivables management, usage metering, analytics, and forecasting,” stated Bansal.

Anant Vidur Puri, Bessemer Venture Partner said -“We are excited to partner with Zenskar on their journey to fundamentally 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”

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