- Updated On May 26, 2026 at 09:11 AM IST
Flexprice has raised a $1.5 million seed funding round led by Shastra VC, with participation from TDV Partners and Anupam Mittal.
The startup said the fresh capital will be used to expand globally across the US and Europe while building new products spanning metering, revenue recognition and AI-native financial workflows.
Founded in 2024, Flexprice is building an open-source billing and metering platform designed for AI and API-first companies, where pricing increasingly depends on token usage, API calls, compute consumption and outcome-based models rather than fixed subscriptions.
“In our conversations with AI companies, one theme came up repeatedly: traditional billing systems are breaking under new AI business models,” said Avijeet Alagathi, managing partner at Shastra VC.
The startup said its infrastructure currently processes more than 20 billion events per month and grew revenue six-fold in the last quarter, serving AI companies handling real-time usage across GPU hours, token consumption and hybrid pricing structures.
“Billing is the hardest layer to get right, and the most consequential when you get it wrong,” said Manish Choudhary, co-founder and CEO of Flexprice. “The bigger picture is full revenue automation — from the first usage event to the last dollar recognized.”
The platform offers open-source, self-hostable infrastructure and has integrations with payment providers such as Stripe, Adyen and Razorpay.
“We’re seeing a generational shift in how software is priced and delivered, driven by AI and usage-based models. Flexprice is building the foundational infrastructure required for this new paradigm,” said Ujwal Sutaria, general partner at TDV Partners.
- Published On May 26, 2026 at 09:05 AM IST