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:
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!