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FRESHWORKS STOCK DECLINE
Freshworks cuts 500 jobs; Q1 revenue hits $228 millionFreshworks announced significant job cuts, reducing its workforce by 11% or approximately 500 employees. This move comes as the business so...- Flipkart eyes food delivery wars; Borrowing costs & fintechsHappy Thursday! Flipkart is exploring an entry into the online food delivery market. This and more in today’s ETtech Morning Dispatch.
- Freshworks posts first full-year profit; stock hits all-time lowFreshworks reported a $39.7 million profit in the October-December quarter, reversing a $23.8 million loss a year earlier, as rising adopti...
- Lenskart profits surge; AI pressure on FreshworksEyewear retailer Lenskart posted a whopping 74-fold profit and strong revenue growth for the December quarter. This and more in today's ETt...
- Girish Mathrubootham to exit Freshworks, 15 years after founding the SaaS majorGirish Mathrubootham, founder of Freshworks, will step down as executive chairman on 1 December 2025, ending a 15-year journey. Current lea...
- Understand layoffs when struggling but this naked greed: Zoho CEO lashes out at company for reducing workforce by 13%Zoho CEO Sridhar Vembu criticized Freshworks for laying off 13% of its workforce, despite having $1 billion in cash and announcing a $400 m...
- Freshworks Q1 results: SaaS major posts first adjusted operating profit, shares riseThe software as a service (SaaS) company has raised its full-year 2023 financial forecast midpoint for an adjusted operating profit of $5 m...
- Shareholder rights firms file class action suits against FreshworksLitigation firms Scott + Scott Attorneys and The Schall Law firm said they have filed securities class action suits against Nasdaq-listed p...
- NCPI pitches UPI AutoPay for Twitter blue tick; Paytm sees smart-money exodusLess than a week into his ownership of Twitter, Elon Musk has announced a raft of changes for the social media platform, including the way ...
- Sequoia’s vaunted strategy feels the pain of tech stock selloffSequoia’s portfolio companies that listed in the US last year have lost more than $7.7 billion of market value since their debuts, accordin...
- SaaS space heats up with big deals at Chargebee, Innovaccer as valuations soarInvestors continue to back Indian cross-border enterprises building products that attract global clients
- Swiggy’s Instamart push; 8i Ventures eyes larger second fundThe capital commitment comes at a time when ultra-fast grocery delivery has become highly competitive with a slug of investor capital comin...
- Paytm IPO ‘very high-risk’; How tech IPOs are differentPaytm’s IPO may be the biggest India has ever seen but it might not be the most bankable. Investing in the Rs 18,300 crore offering could b...
- Freshworks overtakes larger rival Zendesk in market capFreshworks’ market cap stood at $13.56 billion compared to Zendesk’s $12.1 billion — a decline of 16% since Oct. 28 when Zendesk announced ...
- Indian investors line up to buy newly listed Freshworks; Tesla falls out of favourAs of now, savvy Indian investors are infatuated with newly listed Freshworks Inc, which by their own admission made over 500 employees cro...
- Freshworks lists on Nasdaq after billion-dollar IPOThe Freshworks IPO saw the SaaS startup sell 28.5 million shares at $36 apiece, up from the marketed range of $32-34. Freshworks’ share pri...
- Freshworks IPO lives the American dreamFreshworks has become the first Indian software products company to list on Nasdaq, raising more than $1.03 billion from investors through ...
- Freshworks to raise $1 billion in IPO at $10 billion valuationFreshworks plans to sell 28.5 million shares at a price of $36 in the IPO, up from the marketed range of $32-$34 the company announced earl...
- Freshworks eyes $969 million via IPO at $9.7 billion valuationThe San Mateo-based startup that was founded in Chennai is expected to list on the Nasdaq stock exchange on September 22.
- Freshworks hires banks for IPO: ReportFreshworks plans to confidentially submit paperwork for the offering to the U.S. Securities and Exchange Commission in the coming weeks, ac...
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