consultantsreview logo

Consultants Review Magazine

More than 500 employees become crorepatis after Freshworks IPO

Freshworks, has created history by becoming the first Indian SaaS company to be listed on the Nasdaq stock exchange and has seen more than 500 of its employees in India becoming crorepatis in the process.

Freshworks co-founder Girish Mathrubootham described the listing as an “incredibly proud moment” as “Freshworks is the first SaaS company from India to go public in the US.”

“What I am super happy about is what this means for India SaaS. We have a whole next set of entrepreneurs and founders who are building companies that are scaling nicely, and we all want to share this dream of India as a prospect nation, and I’m excited to see the next set of companies go public, and we want to see more global product companies from India,” he said.

He also added that the IPO has given him a great sense of fulfilment, given that more than 76 percent of the Freshworks’ employees hold shares in the company.

“Today, we have 76 per cent of our employees who own shares in Freshworks, and that number went down to 76 per cent because we hired a lot of folks in the last few months….more than 500 of our employees in India are crorepatis now and around 70 of them are under the age of 30. They passed out of college a few years ago,” he added.

Mathrubootham said all these employees have contributed and “wealth has to be shared with people who create it”.

“It’s not just for the founders to get rich or the investors to get rich…as we continue our public journey, there is a massive opportunity for us to create a life-changing impact for many employees and people who believe in our mission,” he added.

Magazine Current Issue