Sequoia buys the dip, picks Up $94.8 Mn worth of Freshworks’ shares
Image Credit: Inc42
Venture Capital firm Sequoia India has picked up $94.8 Mn worth of Freshworks’ shares. In total, approximately 5.48 Mn shares of the Chennai-based SaaS giant were picked up by the Indian arm of the VC firm. According to Sequoia’s SEC filings, it picked up the stock in the price range of $16.46- $18. In its Q4 results, Freshworks had reported a net loss of $74 Mn. However, revenue soared nearly 49% to $371 Mn in Q4.