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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.- Job cuts at Freshworks; Meesho, PB Fintech Q4 earningsFreshworks announced job cuts as it ramps up AI focus. This and more in today's ETtech Top 5.
- 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...
- Very excited about Indian market, says Apple's Tim CookApple CEO Tim Cook is thrilled about India's market potential. iPhone, iPad and Mac sales are growing strongly. Despite this success, Apple...
- 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...
- Girish Mathrubootham sells $40 million worth of Freshworks stockThe chairman of the board of directors of Freshworks sold 2.5 million shares in two tranches on December 18 and 19, filings made with the U...
- Westbridge Capital trims stake in SaaS firm Freshworks by 2%The India-focused investment fund now holds a 4% stake, worth $221 million, in Freshworks. In the September quarter, while Westbridge slash...
- Freshworks' board reworks CEO Girish Mathrubootham’s stock awardFreshworks’ board said the decision was taken in the backdrop of the macroeconomic headwinds that have created challenges for the company’s...
- Freshworks ups profit guidance to $28 million for 2023; Foxconn will pump $600 million in Karnataka unitsSoftware-as-a-service company Freshworks, which saw its revenue for the quarter ended June surge 19% to $145.1 million, expects to report a...
- 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...
- 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 initiates $500 million share sale to tap listing gainsThe move comes after the mandatory lock-in period post IPO ended, allowing all vested shareholders to sell up to 20% of their holding in th...
- 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 ...
- Freshworks IPO has made 500 employees crorepatis, says CEO Girish Mathrubootham"I want all my employees to have BMWs," Freshworks CEO Girish Mathrubootham had told The Economic Times in an interview in 2015. After the ...
- Top bosses applaud Freshworks CEO Girish Mathrubootham for making India story 'come true'Freshworks became the first SaaS company from India to go public in the US.
- 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...
- 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 to raise $912 million via IPO at $9 billion valuationThe San Mateo, California-based firm joins a slew of listings from the software and technology sector. Most such debuts have seen strong in...
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