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What is the Story of Freshworks and NASDAQ Listing ?

Freshworks Company's Official Logo

We all are listening to the news about an Indian Company Named "Freshworks" which got listed on American Stock Exchange (New York City) and about its Crorepati Employees.

So, what is the full story of Freshworks? Who is Freshworks? What is NASDAQ? What is the story behind the Crorepati Employees of Freshworks? We will cover all these questions in today's article.

What is Freshworks?

Freshworks is an Indian Origin Software Company founded in October 2010 by Girish Mathrubootham and other 6 members. It is mainly located in Chennai. Girish Mathrubootham & Shan Krishnasamy are the main founders of Freshworks. Freshworks was formerly known as Freshdesk.

Now the company which was founded in Chennai has a headquarter in California.

Freshworks Inc and Its Services

Freshworks touched the milestone of 10 Billion Market Capitalisation/Brand Value in 2019 and touched the valuation of 13 Billion Dollars in September 2021.

What Freshworks Inc. Do?

Service & Client Lists of Freshworks

Freshworks provides SaaS (Software-as-a-Service) such as CRM, Customer Care Service Softwares, HR Softwares, IT Service Management, Sales Automation, Marketing Automation, etc.

Pearson, Bridgestone, Fiverr, Delivery Hero are one of its most famous clients.

What is NASDAQ?

NASDAQ is an American Stock Market Exchange situated in New York.

What is the story of Freshworks & NASDAQ?

Freshworks is the first Indian Origin IT SaaS Service Provider Company listed on American Stock Exchange (NASDAQ) as of dated 22nd September 2021. 

Freshworks sold 28.5 Million Shares and raised 1 Billion Dollars. The Company's shares touched the high of $48.75 (Approx 3,500 Rs.) on the same date. 

What's the story behind Crorepati Employees of Freshworks?

The majority of the shares of Freshworks are in the Hands of Management & its employees which is 76%. 

The number of these employees is more than 500. 12% of these Employees now become crorepatis after the huge valuation and grand listing of shares in NASDAQ. It has been also confirmed that the 70 employees are less than 30 years of age. 

The calculation of becoming crorepati was done on the basis of Shares Hold by the Employees multiplied by the Current valuation per share. As per the CEO, there are more than 4,300 employees are working for the company.

Hope you are now aware of the Story of Freshworks and its Crorepati Employees.
Share this article with everyone so that they can also know about the same.

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