Flexprice raises $1.5 Mn seed round led by Shastra VC

Open-Source AI Billing Infrastructure Startup Flexprice Raises $1.5M Seed Round Led by Shastra VC

What is the news?

The rapid commercial shift toward artificial intelligence has exposed a massive vulnerability in traditional SaaS monetization: standard subscription systems break under the variable compute costs of LLMs and API workloads. To solve this exact operational bottleneck, billing infrastructure platform Flexprice has secured $1.5 million in a seed funding round led by early-stage deeptech venture firm Shastra VC (formerly Veda VC), alongside TDV Partners and prominent angel investor Anupam Mittal.

Why is it interesting?

Founded by technical entrepreneurs Manish Choudhary (CEO), Nikhil Mishra (CTO), and Koshima Satija, Flexprice provides an open-source, high-throughput utility metering and usage-based billing platform. Operating out of New Delhi with distributed teams across Bengaluru and San Francisco, the startup equips global AI-native software companies with developer-first tools to track micro-transactions, monitor token consumption, and manage real-time GPU compute hours without vendor lock-in.

With its monthly processing volume surging 20X over the past year to surpass 20 billion events, Flexprice plans to use the newly injected capital to scale aggressively across North American and European corridors. According to leadership, the funding will fuel the development of advanced AI-native revenue automation products spanning metering, financial reporting workflows, and real-time revenue recognition.

Read more: Flexprice raises $1.5 Mn seed round led by Shastra VC