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Groww investors make bank; Mobikwik, Fractal's Q4 profits surgeGroww delivered strong returns to early investors after the IPO lock-in expired. This and more in today's ETtech Top 5.- Skyroot, a newborn unicorn; AI pay gap growsSkyroot Aerospace became India’s first spacetech unicorn after its latest funding round. This and more in today’s ETtech Top 5.
- Deeptech bets heat up; Paytm, PB Fintech, Meesho earningsHappy Thursday! VCs are doubling down on India’s deeptech, with early-stage bets leading the charge. This and more in today’s ETtech Mornin...
- 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...
- Girish Mathrubootham exits Freshworks: A timeline of the SaaS major’s 15-year journeyThe vision of the founder of the company is summed up in one of his posts: “I wanted us to think and act like a global company even if we w...
- Digit cuts valuation for IPO; Internet firms vs Google in NCLATInsurtech startup Digit is eyeing a discounted $3 billion valuation through its proposed public offering. Details on this and more in today...
- More exits at Freshworks; HR, marketing heads quitChief human resources officer Suman Gopalan and chief marketing officer Stacey Epstein are leaving the firm, the company said in a statemen...
- Companies need to show 2-3 quarters of profitability before IPOs now: Accel’s Shekhar KiraniShekhar Kirani, who bagged the Midas Touch Award for best investor at The Economic Times Startup Awards 2022, said companies must show prof...
- Firms divided on UPI market share cap; tax officials and CAs caution moonlightersMarket leaders PhonePe and Google Pay are seeking an extension while Paytm wants the rules to take effect “as per the timeline”. Officials ...
- 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...
- Freshworks CEO Girish Mathrubootham gets seven-year performance-linked stock awardThe Freshworks board had okayed the award in a pre-IPO decision in September last year, with a third of the nine million share award routed...
- SaaS startup LeadSquared in talks to raise $100 million at $1 billion valuationThe round is expected to value it at $1 billion, the people said, propelling it into the list of unicorns, or privately held companies with...
- Test automation platform Testsigma raises $4.6 million in funding led by Accel, StriveTestsigma, founded by Rukmangada Kandyala, Pratheep Velicherla, Vikram Chaitanya, and Rajesh Reddy in 2019, will use the fresh capital to s...
- Freshworks loses $5.45 billion in market cap in one monthFreshworks had on Nov. 2 declared its September quarter results, its first since listing on the Nasdaq. Since then, the stock has dropped t...
- Freshworks beats Q3 estimates; employees can encash 20% of their stock as Diwali giftFreshworks’ strong Q3 performance comes ahead of what company cofounder and CEO Girish Mathrubootham said was a “Happy Diwali” for employee...
- 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 ...
- ETSA Alumni: Where are they now?The previous winners of the ET Startup Awards (ETSA) have stood out in a crowded startup ecosystem and gone on to become successful busines...
- 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’ share price surges 21% over IPO, market cap at $12.2 billionFreshworks had priced its initial public offering (IPO) above the top end of the range to raise $1.03 billion. It had earlier raised its pr...
- The making of Freshworks: From the ‘middle of nowhere in Chennai’ to a freshly-minted unicornFreshworks has indeed come a long way. Here's what makes the business software company click.
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