Freshdesk has raised $31 million in a fresh round of funding from private equity firms Tiger Global, Accel Partners and Google Capital.
The funding round is being led by Tiger Global Management, which earlier led the $7mn round last year.
“We were not looking for fresh funding till the end of this year but investors were willing to offer significant premiums, so we took it” [Girish, Freshdesk Founder]
Given that Zendesk went public this year, Freshdesk funding is definitely a big signal towards creating the second big player in this crowded space. From $7mn last year to $31mn – well, there is definitely a premium that investors are betting for (this is Google Capital’s first investment in any Indian startup).
Freshdesk Funding Timeline
– Raised $7mn in 2013.
– Freshdesk closed its Series A funding in October in 2011.
– Freshdesk demoed at the third edition of UnPluggd, NextBigWhat’s startup conference.