Cloud Computing: Google Capital backs cloud startup Freshdesk
June 14, 2014
Grazed from EconomicTimes. Author: Editorial Staff.
Google Capital is investing in Chennai-based customer support software provider Freshdesk, along with existing investors Tiger Global and Accel Partners. Tiger Global led the $31 million (about Rs 184 crore) funding round.
This is the firm’s fourth round of funding. It previously raised $13 million (about Rs 77 crore) from Tiger and Accel. Girish Mathrubootham, cofounder of Freshdesk, said Google Capital’s investment is a validation of the company’s business. "They have a great brand name, have excellent network and have huge reach into small and medium businesses…
This will help us a lot," said Mathrubootham, who declined to share the valuation of the company. Investment bankers estimate that softwareas-a-service companies like Freshdesk are valued at about six to seven times their annualised revenue…
Read more from the source @ http://articles.economictimes.indiatimes.com/2014-06-13/news/50564705_1_cloudbased-customer-support-platform-freshdesk-girish-mathrubootham