👩🍳 How we use AI at Tech in Asia, thoughtfully and responsibly.
🧔♂️ A friendly human may check it before it goes live. More news here
🧔♂️ A friendly human may check it before it goes live. More news here
Peak XV sells $52m Freshworks stake
Venture capital firm Peak XV sold over 1% of its stake in Freshworks for US$52 million, reducing its holdings in the Nasdaq-listed software company.
The firm sold nearly 2.9 million shares between Dec. 9 and Jan. 28, at prices ranging from US$17 to US$19.20 per share.
This follows a US$40 million share sale by Freshworks founder Girish Mathrubootham in December and WestBridge Capital’s sale of 275.000 shares in Q3 2024.
The company’s Q3 2024 revenue grew 21.4% year-on-year to US$186 million, driven by demand for its AI-powered products.
Recent Freshworks developments
| Timeline |
|---|
03-Dec-2024 🌟 Nasdaq-listed Freshworks appoints new chief product officer
|
08-Feb-2023 📈 Nasdaq-listed Freshworks posts 26% rise in Q4 revenue
|
16-Dec-2022 📉 Nasdaq-listed Freshworks sheds 90 jobs
|
23-Sep-2021 🚀 India Roundup: Freshworks lists on Nasdaq, and other news
|
19-Feb-2021 🚀 Sources: Freshworks, Eka founders to set up SaaS-focused early-stage fund
|
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.