$12Billioin Unicorn | Freshworks Success Story

Mathrubootham, the founder of Freshworks, had personally invited Raghava to join the Initial Public Offering (IPO) ceremony in New York. He credits Raghava for seeding the dream of India as a ‘product nation’ in his mind.

When Freshworks was still Freshdesk, Twitter user had called Girish Mathrubootham’s company ‘lack of innovation for product development. Last week, Freshworks made over 500 employees crorepatis with IPO listing.

The company saw such exponential growth under this business titan that it became the first Indian software maker to list on Nasdaq after it raised over $1.03 billion through its initial public offering (IPO). It also managed to record a market capitalization of around $10.13 billion.

Driven by strong investor sentiment, the Freshworks company’s share price shot up by as much as 33 per cent to $48 in the initial trading on the Nasdaq. This brought the market capitalization to nearly $13 billion.

Mathrubootham learnt lessons like that by making the transition from being the of a Chennai startup -although the company was always headquartered at San Mateo, California-to the chief executive of a Silicon Valley company that now has the billion-dollar revenue mark as its next target.

Dunzo relies on Freshdesk AI capabilities to automate over 60% support tickets as the mobile commerce app reaches 2 million monthly orders in India

From there, it could shoot for $5 billion and then $10 billion. Three years ago, people might have looked askance at that ambition.

Originally published at https://monitortomouse.com.