New Delhi: Girish Mathrubootham’s Software-As-A-Service (SaaS) Firm Freshworks On Wednesday Debuted At $36 A-Share On The Nasdaq Index, Making It The First Indian Startup To Be Listed On US Markets.
In An Interview With The Economic Times, Girish Mathrubootham Said That His Company Not Only Paved The Way For Other Indian Startups To Go Public, But Also Created A Lot Of Wealth For Its Employees As It Got Listed On The Stock Exchange.
Mathrubootham Recalled An Earlier Interview With ET, In Which He Said That He Is Starting FreshWorks For All His Employees, Not Just To Buy BMW For Himself. He Further Said That Since The Company Went Public On Monday, 500 Of Its Employees Have Become Millionaires And 69 Of Them Are Under 30. Two-Thirds Of FreshWorks Employees Are Shareholders.
The Co-Founder And CEO Of Freshworks Explained, “Employees Who Have Actually Participated In The Creation Of This Company Should Share The Award. We Have Over 500 Employees In India To Be ‘Millionaires’, And 69 Of Them Are Over 30 Years Old. Are Underage.” He Attributed The Success Of His Company To All His Employees.
$FRSH on the @nasdaq! #Freshworks #IPO #NASDAQ pic.twitter.com/eNcMlcFxaN
— Freshworks Inc (@FreshworksInc) September 22, 2021
He Said, “I Am Very Happy And Grateful For All The Contributions Made By The Staff, As I Truly Believe That I Am Not Creating FreshWorks, We Are All Building FreshWorks Together.”
Asked About Getting Listed In The US Market And Not Coming Back To India, He Said Freshworks Has Been A Global Company Since Its Inception. Its Customers Are In More Than 120 Countries And All Of Its Revenue Is Recognized In The US.
“We Are Structurally A US-Headquartered Company And So I Think Listing In The US Makes More Sense,” He Said.
Founded In Chennai, FreshWorks Makes Software That Helps Businesses With Customer Management, Such As A Messaging Platform And An Artificial-Intelligence-Powered Chatbot For Customer Support.
The California Headquartered Freshworks Was Founded By Mathrubootam And Shan Krishnasamy. It Is Backed By Sequoia Capital And Tiger Global Management And Serves Over 50,000 Companies, Including High-Profile Names Such As Delivery Hero SE, Swedish Payments Firm Klarna And Cisco Systems.
