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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The SaaS company has lost several high-level executives in the months since it went public as founder Girish Mathrubootham plans a new roadmap.
After a $1 billion initial public offering and a stellar listing in late September last year, Chennai-founded and California-headquartered software-as-a-service company Freshworks looked set.
The stock as of Friday was down 64% from its listing day close and down more than 50% from its IPO price. At the same time, in the five and a half months since the IPO, the SaaS company has seen a number of senior exits.
S.T.S. Prasad, executive vice president of engineering, left in October; Sidharth Malik, chief revenue officer and then chairman of Freshworks India, left in November; Sreelesh Pillai, an early employee and …
The two startups are seemingly doing well, leaving affected employees wondering about the real reason for the job cuts.
Despite facing challenges around its business model, the ride-hailing platform has outpaced larger rivals, carved out a niche for itself, particularly in smaller cities, and joined the unicorn club.
The Chennai-founded SaaS company has been riddled with product and people issues ever since its IPO. Its new American CEO now has a lot to fix, build and rebuild.
