Indian SaaS venture Freshworks hits $3.5bn valuation after raising $150m: Report

Indian SaaS venture Freshworks hits $3.5bn valuation after raising $150m: Report

Girish Mathrubootham, founder and CEO, Freshworks. Photo: SaiSen/Mint

Freshworks, the Chennai-headquartered software products and services company, has hit a valuation of $3.5 billion after raising $150 million from existing investors, including Google, Accel, and Sequoia, according to a Moneycontrol report.

The valuation exceeded earlier forecast of $2.5-3 billion after Freshworks closed its eight funding round last week, considered as its pre-IPO round, since 2011. The company is expected to further raise additional funding before its listing, the report added.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter