pre-IPO round: Freshworks secures $150 million funding from Google, Sequoia, Accel Partners

Valuing the company at $3.5 billion, the Chennai-based customer engagement software company, Freshworks, has secured $150 million in new round funding from its existing investors, the reports said.

A report published citing to the sources in MoneyControl, an India-based business news site, said: “The new round funding was closed on Friday, saw the participation of its existing investors like Google, Sequoia, and Accel Partners.”

Advertisement

“This is a pre-IPO round, where the company wants to put the benchmark to what its shares should be at before going to IPO in 2021,” sources said.

Further adding to this, the sources also said: “The company will raise more funds before going to IPO.”

Freshdesk which was founded in 2010 by two Zoho former employees, Mathrubootham and Shan Krishnasamy, provides the customer supports solution in Sales, Marketing, IT Management, Call center and in HR to more than 150,000 customers across the globe, including fortune 500 companies like CISCO, Toshiba, Honda, and others.