Peak XV Sells Over 1% Stake in Freshworks For $52 Mn

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SUMMARY

Peak XV sold nearly 2.9 Mn shares though multiple market transactions between December 9, 2024 and January 28, 2025

Before selling the stake, Peak XV held 5% stake with over 11.70 Mn shares

Freshworks’ founder and executive chairman Girish Mathrubootham sold 2.5 Mn shares of the company worth approximately $40 Mn in December last year

Venture capital firm Peak XV has offloaded over 1% stake in Nasdaq-listed SaaS major Freshworks for $52 Mn (around INR 454 Cr), as per a US Securities and Exchange Commission (SEC)…



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Peak XV Sells Over 1% Stake in Freshworks For $52 Mn


SUMMARY

Peak XV sold nearly 2.9 Mn shares though multiple market transactions between December 9, 2024 and January 28, 2025

Before selling the stake, Peak XV held 5% stake with over 11.70 Mn shares

Freshworks’ founder and executive chairman Girish Mathrubootham sold 2.5 Mn shares of the company worth approximately $40 Mn in December last year

Venture capital firm Peak XV has offloaded over 1% stake in Nasdaq-listed SaaS major Freshworks for $52 Mn (around INR 454 Cr), as per a US Securities and Exchange Commission (SEC)…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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