If you were working for this company you might have been a Crorepati by now - IPO saga

Over 10 percent of employees working in Freshworks Inc, a software-as-a-service (SaaS) company, have become ‘crorepatis’ after it got listed on the Nasdaq stock exchange in the US. Freshworks Inc is the first Indian SaaS company to get listed on Nasdaq after it started operations in Chennai with only six members in 2010.

• What's the Story?

On Thursday, the company’s market capitalization crossed $13 billion after it made its debut on Nasdaq and around 500 employees of the company working in India — around 12 percent of the total 4,300 employees — became crorepatis. Of the 500 employees, roughly 70 are below the age of 30, making the achievement all the more impressive.

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.

🔔 @FreshworksInc makes it fast and easy for businesses to delight their customers and employees.

Today, the $FRSH team rings the @Nasdaq Opening Bell in honor of their listing day. Thank you for joining us! pic.twitter.com/6fyUjCuIrJ

— Nasdaq (@Nasdaq) September 22, 2021

• What's Next?

Freshworks co-founder Girish tweeted "Today is a dream come true for me - from humble beginnings in #Trichy to ringing the bell at Nasdaq for the FreshWorks IPO. Thank you to our employees, customers, partners, and investors for believing in this dream". 

Indian media has already praised Freshworks for not only a stellar debut but to become a pathfinder and inspiration for several other startups from the country. Freshworks employee-friendly initiatives also set an example and proved several motivational speakers wrong who would always say your 9 to 5 job won't make you rich.