Exclusive: SaaS firm Chargebee guns for unicorn status with $1.4 billion valuation in fundraise.

Enterprise software firm Chargebee is raising about $150 million at a valuation of $1.4 billion, giving it the coveted unicorn tag at a time when Indian software-as-a-service (Saas) is seeing more aggression from investors than ever before.

The round will likely be led by a fresh US-based investor, with existing backers Tiger Global Management, Steadview Capital and Insight Partners doubling down on their bets, said three people aware of the matter, requesting anonymity.Chargebee helps businesses—mainly in the US and Europe—manage subscriptions, including billing, invoicing, taxes and payment methods. It provides analytics as well.