Mumbai: “On a mission to expand India’s SaaS industry to the world,” reads Girish MathruboothamBio on Twitter. He did the same on Wednesday.

freshworks Inc., a company founded in 2010 by a former Zoho employee, has become the first Indian software-as-a-service (SaaS) startup.
to list on nasdaq, opening the doors to take the Indian software enterprise to the world – in a way – for others like it. It’s a San Mateo-based company after
raised over a billion dollars Over 10 times the market capitalization in an initial public offering (IPO).

“Today is like a dream come true for me – from humble beginnings in Trichy (Tiruchirappalli) to ringing the bell on Nasdaq. Freshworks IPOMathrubhumi tweeted after the launch of ‘FRSH’ in the world’s second largest stock exchange. “Thank you to our employees, customers, partners and investors for believing in this dream.”

His fellow entrepreneurs and investors alike joined him in marking the milestone.

“We are fortunate to partner with Accel, Tiger Global and CapitalG in this industry-defining company,” said Mohit Bhatnagar and Karl Eschenbach of Sequoia.
written in a blog. “Having led or co-led three financing rounds, our investment in FreshWorks represents Sequoia India’s largest investment from its India/SEA fund.”

According to the shareholding pattern in FreshWorks’ IPO papers filed with the United States Securities and Exchange Commission (US SEC), Sequoia Capital holds a 12.1% stake in the software maker. Tiger Global and Accel hold one-fourth while Alphabet Inc.’s independent development fund Capital G holds 8.2%.

Shekhar Kirani of Excel India tweeted, “Wonderful day to all the founders around the world to dream big and make that dream come true.” “Congratulations FRSH. Great to partner with @mrgirish from day one of this company.”

So far, India’s technology exports have largely been tied to offshore outsourcing and IT services, Sameer Gandhi and Shekhar Kirani of Excel.
written in a blog. However, with a vast pool of engineering and product talent and an ambitious eye for entrepreneurship, India is a region that can also become the foundation for world-class technology product companies, he said.

“Today, Freshworks is the torchbearer as the first Indian-origin SaaS company to be listed on a US exchange. We look forward to seeing who will follow and where they emerge from.”