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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The Chennai-founded SaaS company has been riddled with product and people issues ever since its IPO. Its new American CEO now has a lot to fix, build and rebuild.
So here is Freshworks, caught up in a relentless pursuit of the American dream. One that has been eluding the company for a while now.
In 2021, when the software-as-a-service (SaaS) company got listed, it didn’t seem like it would have as difficult a trajectory going forward. In fact, its billion-dollar initial public offering had made Freshworks—and founder Girish Mathrubootham—a story that every Indian startup aspires to. A great exit for investors, check. The first in its sector to seek a listing on Nasdaq, check. And finally, a stellar debut on the stock market, check.
Almost three years later, …
Parent AceVector is headed for a public market debut next week. As much as 97% of its revenue comes from two businesses. One is already a listed entity, the other a missed opportunity.
After 15 years, more than $550 million in funding and over $200 million in revenue, the cloud kitchen startup must find a way to make a profit and go public. Grover is the man Rebel has chosen for the job.
In less than two years, the instant delivery startup that puts quality above all else has attracted marquee VC investors, earning a valuation of $255 million. How far the niche bet will take it is anybody’s guess.
