VC Firm Peak XV Partners Sells 1% Stake In SaaS Firm Freshworks For $51.5 Mn

Venture Capital Firm Peak XV Partners sold nearly 1% of its stake in SaaS company Freshworks for $51.5 million, according to US Securities and Exchange Commission.

The sale, made through multiple open market transactions between December 9, 2024, and January 28, 2025, involved 2.93 million shares at prices between $17.00 and $19.20 each. After the sale, Peak XV Partners retained a 3.9% stake in Freshworks.

Previously known as Sequoia Capital India, Peak XV Partners had invested around $80 million in the company between 2016 and 2019.

Freshworks Founder and Executive Chairman Girish Mathrubootham sold shares worth about $39 million in December. He sold over 2.5 million Class A common stock shares on December 18 and 19 at an average price between $15.33 and $16.50 per share.

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Earlier, Freshworks investor WestBridge Capital sold a 2% stake between July and September.

Peak XV Partners is increasing its exits, including a Rs 810 crore ($90 million) exit from skincare brand Minimalist’s sale to Hindustan Unilever last month.

About Freshworks 

Founded in 2010 by Girish Mathrubootham and Kiran Darisi, Freshworks offers cloud-based business management solutions, including customer support, IT service management, chat applications, sales CRM, project management, recruitment, employee engagement, and automation. It also provides AI-powered features for various industries.

Freshworks serves over 68,000 customers, including American Express, Sony, Fila, and Bridgestone.

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