Freshworks m-cap crosses $13 bn; over 10% employees turn ‘crorepatis’

With the market capitalisation of Freshworks crossing over $13 billion on its debut day at Nasdaq Stock Exchange, around 500 employees or around 12 per cent of the company’s total staff strength of around 4,300 have become ‘crorepatis’ in India and more interestingly over 70 of them are below the age of 30 years.

When asked by the media about the wealth generation that the initial public offering has created to the employees through the employee stock ownership plan (ESOP), Girish Mathrubootham, founder and chief executive officer of Freshworks said, “I truly believe that wealth has to be shared with the people who created it, not just for the founders to get richer. More than 500 of our employees in India are crorepatis.