In a candid interview from the US, Mathrubootham reflected on the emotional weight of his exit, the company’s culture, and his new chapter as he turns his focus to nurturing startups through his venture fund, Together.
Freshworks founder Girish Mathrubootham on riding the AI wave, his 2025 memoir All In, how he prefers sharing anecdotes to giving 'gyan', and his love of chess, cars and watches.
The Nasdaq-listed SaaS firm now expects full-year 2025 revenue between $815.3 million and $824.3 million, up from its earlier forecast of $809–$820 million.
The sales occurred across multiple transactions this week at an average price range of $15.33 to $16.50 per share.
With the appointment, all executive leadership roles are now filled, Freshworks, which has undergone a management churn in recent months, has said
This comes a day after Freshworks' CEO announced layoff of 660 employees and $400 million in share buyback.
While announcing the earnings, Freshworks CEO said that the firm will be laying off around 660 employees or 15 percent of its overall headcount as part of its strategic priorities
The firm also announced in an SEC filing that its Chief Financial Officer, Tyler Sloat, will take up additional role as its Chief Operating Officer.
The statement comes amid ongoing debate among investors and founders over the sale of founder shares in secondary markets, a trend increasingly common among new-age companies
Post the announcement, Freshworks shares rallied by 12% and closed at $14 a share on Nasdaq.
The firm’s Free Cash Flow (FCF) was $32.8 million in Q2 of 2024 which has gone up by around 81% YoY compared to $18.1 million in the second quarter of 2023.
Woodside, who took over the reins as CEO from founder Girish Mathrubootham a few weeks ago, said he is used to working in founder-driven companies. He said preserving company culture is one of his top priorities
Since founding the startup in 2010, Mathrubootham has been a key force for Freshworks to move from a small startup in Chennai, which he calls as a ‘garage startup’, into a Nasdaq-listed software firm in the US.
Prior to joining Fresworks in 2022, Woodside held several positions across companies like Google, Motorola, Dropbox, McKinsey and Impossible Foods. While not at work, Woodside loves running and is a triathlon athlete, too.
Freshworks has full-year guidance revenue of $695 - $705 million and the company has also guided a full-year operating profitability of $58 -$64 million in 2024.
Mathrubootham will now be spending more time on the long-term product vision, innovation and AI strategy.
Mathrubootham urged startups to integrate and upgrade their products with AI to stay relevant.
Freshworks has seen some management rejig and internal consolidation in the past year with the firm’s CTO departing at the beginning of 2023 and the company’s CRO Pradeep Rathinam leaving the firm in Q4.
In the first episode of PitchCraft, Moneycontrol’s Chandra Srikanth speaks to Girish Mathrubootham, Founder and CEO of Freshworks, and Shekhar Kirani, partner at Accel, about the first pitch deck of Freshworks, a company that made history as the first Indian SaaS firm to list on NASDAQ. Girish emphasizes that a pitch deck should clearly articulate the problem the startup is trying to solve, how the solution will be executed, and why the team is well-equipped to succeed. The power of storytelling is at the heart of this episode; both Girish and Shekhar agree that telling your startup’s story well helps secure investor interest, while providing information about the competition and how you will take them on builds investor confidence.
Madras Day: 'Just as Madras evolves while staying true to its heritage, Freshworks has embraced the spirit of the city while making its mark on the global stage,' the company said.
'Jailer' release: Several companies have gone to the extent of declaring a holiday on the Rajinikanth film's release date so that employees can get the first-day-first-show experience.
Together’s Fund II to focus on artificial intelligence-based startups, to invest in up to 25 early-stage firms
Tiger Global sold its entire 23 percent stake in Freshworks just weeks ago and Girish Mathrubootham says he is happy the company fulfilled its responsibilities and generated superior returns for its early backer
The 23-acre facility has southeast Asia’s first hybrid football pitch, a functional strength and conditioning centre, medical and recovery facilities, a swimming pool, a school, and a hostel
Freshworks joins the list of global and Indian SaaS firms like Salesforce, Zendesk and Chargebee that have recently announced layoffs.