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Accel nets over $300 mn from selling Freshworks shares

The Arc Web

The Arc Web · 1y ago

Accel nets over $300 mn from selling Freshworks shares

Accel, a venture capital firm, has sold a stake of 6.7% in SaaS unicorn Freshworks over the past year, according to filings. The firm divested about 20 million shares, with an estimated return of $260 million to $500 million. Despite Freshworks' shares currently trading lower than its IPO price, Accel is still expected to make substantial profits. Accel originally invested in Freshworks in 2011 and still holds over 13% of the company, which has a market cap of $5.5 billion. Accel has also had successful exits from companies like Flipkart, realizing $1.7-1.8 billion from a $100 million investment.

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Entrackr

Entrackr · 1m ago

Freshworks posts $205 Mn revenue in Q2 CY25, cuts losses by 80%

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