Flexprice
Category: AI Infrastructure
Open-source billing and metering platform purpose-built for AI-native and API-first companies to manage usage-based, credit-based, and hybrid pricing models Flexprice was founded in 2024. The company is led by Manish Choudhary. Based in New Delhi, India. Team size: 1-10. Total funding raised: $2M. Latest round: Seed. Key investors include Shastra VC; TDV Partners; Anupam Mittal (People Group); Brij Bhushan (magicpin); Sandeep Gupta (Innovaccer); Harshit Dwivedi (Aftershoot).
AMW Analysis
Flexprice is an open-source billing and metering platform for AI-native and API-first companies, enabling usage-based, credit-based, and hybrid pricing models with real-time metering and self-hosting for data sovereignty. Founded in 2024 and based in New Delhi, the company positions itself as a way for AI companies to implement complex billing tied to token consumption, API calls, and GPU usage without vendor lock-in.
Recent news flow centers on a $1.5 million seed round led by Shastra VC, with participation from TDV Partners and individual investors including Anupam Mittal, alongside other backers named in its investor list. Coverage of the raise appeared across multiple outlets between May and July 2026, consistently citing the same round. Alongside the funding, reported product traction includes processing over 20 billion events per month and six-fold revenue growth in a recent quarter, indicating usage of the platform is scaling among AI companies needing granular, consumption-based billing infrastructure. The total funding raised to date stands at $2 million.
AMW analysis, generated from 3 tracked news signals.
- Founded
- 2024
- Headquarters
- New Delhi, India
- Team size
- 1-10
- Total funding
- $2M
Value proposition
Open-source billing infrastructure that lets AI companies implement usage-based, credit-based, and hybrid pricing in days instead of months, with real-time metering, no vendor lock-in, and the ability to self-host for data sovereignty
Products and solutions
Open-source usage-based billing platform; Real-time usage metering engine; Credit & wallet management; Invoice automation & revenue recognition; Pricing experiment framework; Entitlement & quota gating; Multi-environment pricing (sandbox/prod); On-prem self-hosted deployment option
Unique value
Only open-source billing platform purpose-built for AI-native monetization (token usage, GPU hours, API calls, agent interactions) with SOC 2 Type II compliance, self-hostable architecture, and sub-50ms P99 latency at 40k+ events/second
Target customer
AI-native companies, agentic/AI agent startups, API-first SaaS platforms, LLM/GenAI infrastructure providers
Industries served
AI/ML infrastructure; LLM & GenAI platforms; API-first SaaS; Agentic AI; Cloud/GPU compute providers
Technology advantage
Open-source architecture with self-hosted deployment allowing full data control; real-time metering at <50ms P99 latency processing 40k+ events/second; built on modern stack (PostgreSQL, ClickHouse, Kafka, Temporal); supports any pricing model (usage-based, credit, seat, hybrid, volume tiers); native integrations with Stripe, Razorpay, Adyen, Snowflake, HubSpot, Paddle
How they differentiate
Open-source first (self-hostable, no vendor lock-in) vs proprietary competitors; Purpose-built for AI/agentic billing models (tokens, GPU seconds, API calls) vs legacy SaaS billing tools; Developer-first with SDKs/APIs for real-time metering; SOC 2 Type II compliant; On-prem deployment option for data-sensitive enterprises
Main competitors
Orb (proprietary, usage-based billing); Lago (open-source billing, broader SaaS focus); Metronome (recently acquired by Stripe, proprietary usage-based billing)
Key partnerships
Stripe (payment integration); Razorpay (payment integration); Adyen (payment integration); Snowflake (data integration); HubSpot (CRM integration); Paddle (payment integration)
Notable customers
Krutrim by Ola; Simplismart; Wizcommerce; ThePubLive.com; Verniq.ai; vapi.ai
Major milestones
Jul 2025: Raised $500K pre-seed led by TDV Partners; May 2026: Raised $1.5M seed led by Shastra VC with participation from Anupam Mittal; Processing 20Bn+ events/month with 6x revenue growth in Q1 2026; SOC 2 Type II compliant; Open-source platform with 3,500+ GitHub developers; Expanded to 100+ AI and agentic teams
Growth metrics
20Bn+ events processed/month; 40k+ events/second; 6x revenue growth (last quarter 2026); 3,500+ GitHub developers; 100+ AI/agentic customers
Market positioning
Early-stage open-source disruptor in the $4B AI billing infrastructure market, competing with proprietary incumbents (Orb, Metronome/Stripe, Amberflo) and legacy billing platforms (Chargebee, Recurly) by offering AI-native, open-source, self-hostable billing infrastructure
Geographic focus
Global (HQ India with offices in Bengaluru, Gurgaon, and San Francisco; expanded focus on US and Europe markets)
About Manish Choudhary
Ex-Aftershoot AI (Product Leader); University of Virginia Darden School of Business
Latest news about Flexprice
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Official website: https://flexprice.io
