Chennai: After conscious and purifying, Chennai now has a third technology company that debuted at the Nasdaq.
SaaS firm Freshworks on Friday submitted an initial public offering (IPO) in the US Tech Exchange Nasdaq.
While FreshWorks includes the size of offering as $ 100 million, this is set to change after the term is well defined.
Reuters reported in April that the company aims to assess $ 10 billion.
The main rival Salesforce currently has an assessment of around $ 3 billion.
“Because I contemplate how far freshworks have come this 10+ last year, this is a proud moment for all of us, and today, I feel very good,” said the founder of Freshworks Girish Mathrubootham in an archive with exchange.
“Since the beginning, I want to build an optimized company for employee happiness; we want our employees to have the best experience in their lives in Freshworks.
And for us, the trip will always be more important than the purpose,” he added.
In the first, the founder also expressed his love and thanks to Superstar Rajinikanth because of being “Maanseega Teacher”.
In the rare postscript section of the letter, Mathrubootham said the code name for the IPO was a super-star project.
“Superstar is a loved man and is worshiped by millions of fans globally.
He is very successful but humble and down to earth.
Thank you, thalavaa!,” He said.
New works, such as superstars, have humble start.
It began in a 700 square foot warehouse in Chennai in 2010 to make ‘fresh’ helpdesk software for customer service.
“We don’t plan or hope to change the world.
Our dreams come gradually, every building next door and expand our vision over time,” said Mathrubootham.
Mathrubootham also draw parallel with the iPhone and how Freshworks wants to bring Apple’s experience to business software.
“One innovation marks the changes in the sea in consumer behavior, changing the technology industry forever: iPhone.
Before 2007, we all use several devices – I personally have a Nokia cellphone, Garmin GPS, SanDisk MP3 player, and Canon Pointand-Shoot Camera ….
How If we can make an iPhone moment in business software by combining existing technology with integrated, intuitive, and fun experience? “He wrote.
The company, in submitting its regulations, reported a 53% surge in revenue for the six months ended June 30.
This results in revenue of $ 168.9 million for the six months ending June 30 this year – up from $ 110.5 million in the same period last year.
Clean losses have also shrunk and comes at $ 9.8 million for the same period, down almost 83% from the previous year.
New works now have around 52,500 customers.
New works are supported by investors including the capital Sequoia and Global Tiger management.