The Ken recently covered the journey of Freshworks*, India’s leading SaaS (Software as a Service) startup, from zero to $100 million revenue. This $100 million figure is important beyond the nominal token value of touching a “nine-figure” milestone. In the SaaS world, this is the point at which a company can realistically explore floating an IPO. Entering the public market is a rite of passage that marks the point where a fledgeling startup transforms into an established company. It’s where the big boys play.
While an IPO is all but imminent in the near future for Freshworks, a question that is often asked is whether this event is a “swallow” or a “summer”?