By Freshworks, a prominent Indian software-as-a-service (SaaS) firm, made headlines in the startup world with its recent listing on a US exchange. The IPO, which raised a staggering $13 billion on its debut day, has not only marked a significant milestone for Freshworks but has also created substantial wealth for its employees, with 500 millionaires in India, 70 of whom are under 30 years old.
A Tribute to Rajinikanth: ‘Project Superstar’
Girish Mathrubootham, co-founder and CEO of Freshworks, known for his admiration for Indian actor Rajinikanth, named the opening ceremony event on Nasdaq as ‘Project Superstar’ as a tribute to the legendary actor.
Industry Reactions and Celebrations
The Freshworks IPO launch has sparked enthusiastic reactions from various quarters of India Inc., highlighting its impact on the SaaS ecosystem and inspiring future entrepreneurs.
Speciale Invest: A Snowball Moment for India’s SaaS
Vishesh Rajaram, founder of Speciale Invest, views the Freshworks IPO as a significant milestone for India’s SaaS industry, instilling confidence in founders and signaling a vibrant and growing startup ecosystem.
Upekkha Value SaaS Accelerator: A Neeraj Chopra Moment
Prasanna Krishnamoorthy, a partner at Upekkha Value SaaS Accelerator, likens Freshworks’ IPO to a Neeraj Chopra moment for the industry, symbolizing inspiration for Indian SaaS startups.
BlackSoil: A Eureka Moment for B2B SaaS in India
Ankur Bansal, co-founder of BlackSoil, sees Freshworks’ successful listing as a “Eureka” moment for the B2B SaaS sector in India, encouraging upcoming startups to expand globally.
SendX: Inspiring the Next Generation of SaaS Founders
Mayank Agarwal, co-founder of SendX, emphasizes how Freshworks’ IPO has made the aspirations of SaaS founders more attainable and inspiring the next wave of Indian SaaS IPOs.
Appknox: Paving the Path for Future SaaS Companies
Harshit Agarwal, CEO of Appknox, believes Freshworks has paved the way for future Indian SaaS companies to go public, motivating the next generation of SaaS founders.
The Freshworks IPO represents not just a financial milestone but also a symbolic victory for the Indian startup ecosystem, showcasing the potential and talent within the country’s SaaS sector.
