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1M/1M Premium Company Freshdesk Raises $31 Million From Tiger Global and Google Ventures

Posted on Thursday, Jun 12th 2014

We just did a roundup of the CloudCRM space, covering Zendesk’s successful IPO and predicting that the space is heating up, and more acquisitions will follow. Our premium company Freshdesk is definitely a key target!

Today, Freshdesk announces its new round of funding of $31 million led by Tiger Global, with Google Ventures and their original investors, Accel Partners, following. This brings their net funding to $44 million. The latest round is priced at $250 million. The company currently has 23,000 customers.

As always, big funding news creates big media coverage. Here’s what they’ve got so far: NYT, TechCrunch, VentureBeat, Forbes, Wall Street Journal, and quite a few others. I cannot emphasize how important this company is to underscore and celebrate India’s quest to build global software companies.

Here’s our prior coverage of the company:

The Million Dollar Club: Freshdesk

The1M/1M Deal Radar 2013: Freshdesk, Chennai, India
The 1M/1M Incubation Radar 2011: FreshDesk, Chennai, India
Should You Move To Silicon Valley?
The Rise of Entrepreneurship In Chennai, India
The Million Dollar Club
India vs. Silicon Valley: A SaaSy War
SaaS Spreads to India and Beyond

The One Million by One Million (1M/1M) community joins me in congratulating the Freshdesk team, and wishing them a great follow-on journey!

*According to Crunchbase, Freshdesk has raised a total of $96.5 Million in financing as of September 1, 2015.

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[…] are estimated to have recorded revenues of $10 million in 2013.┬áIn June 2014, they had raised $31 million at a valuation of $250 million. Their last round of funding was held in April when they raised $50 […]

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