Decoding IPO-bound Freshworks in 5 charts
Girish Mathrubootham's enterprise software company, Freshworks could be valued at as much as $10 billion in its US IPO
Mumbai / August 30, 2021 / 01:25 PM IST
Freshworks founder and CEO Girish Mathrubootham [Image: Facebook/rathnagirish]
Software firm Freshworks, over the weekend, filed its documents to go public in the US, a landmark moment for India's software startup ecosystem. Freshworks' prospectus reveals a lot about a relatively little-known sector and business, compared to consumer peers heading to the stock markets such as Policybazaar or the recently-listed Zomato.
Here's a quick look at Freshworks' key numbers.
Freshworks lost around $10 million in the last six months with an annual revenue run rate of over $300 million
Freshworks' customers cut across categories, from large companies to mid-market firms. Getting large clients helps it grow business by cross-selling even without new clients
This key metric indicates how much Freshworks can grow if it doesn't add new customers. Cross-selling to large clients is a huge opportunity for SaaS companies