Steadview Capital has invested $85 million, through a secondary transaction, in SaaS major Freshworks, as it bulks up its India portfolio with yet another unicorn, Ravi Mehta, managing director of the London-based firm. The transaction, which closed in January this year, saw Steadview Capital make its ninth investment in an Indian privately-held technology company, which is valued at more than $1 billion. It already counts the likes of ride-hailing app Ola, online insurance aggregator PolicyBazaar, omnichannel beauty retailer Nykaa and eyewear solutions firm Lenskart among its portfolio.
Steadview Capital backs SaaS unicorn Freshworks, remains bullish on India
Date posted: Tuesday 28 July 2020