Flexprice raises $1.5m: Evertrace spotted Nikhil Mishra 553 days earlier

Flexprice has raised $1.5 million in seed funding. The company builds open-source billing infrastructure for AI products and other software businesses that charge for usage. Evertrace spotted a stealth signal for co-founder Nikhil Mishra 553 days earlier.

Before the round

Evertrace first detected a stealth signal for co-founder Nikhil Mishra in November 2024. Mishra was in stealth, working on something new after engineering roles at WizCommerce and Zomato. By February 2025, Evertrace had also detected a signal of company formation connecting him to Flexprice as co-founder and CTO.

What they're building

AI companies often need to charge for several kinds of usage, such as API calls or token consumption. Changing a pricing model can mean rebuilding billing logic instead of shipping the product.

Flexprice brings metering, pricing and invoicing into an open-source platform. Teams can introduce usage-based plans and change how they charge without building every part of the billing system themselves.

The round

The $1.5 million seed was co-led by Shastra VC and Anupam Mittal, with participation from existing investor TDV Partners. Flexprice plans to expand in the US and Europe and develop more products around revenue operations.

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