CosmicTaco

WestBridge Capital Sells 2% Stake in Freshworks

CosmicTaco · 2024-11-23T10:49:19.627238+05:30

* WestBridge Capital Management offloaded 2.75 lakh shares of Freshworks, reducing its stake to just over 4%, valued at approximately $221 Mn. * Freshworks, a Nasdaq-listed SaaS company, decreased its consolidated net loss by 3.5% to $29.95 Mn in Q3 2024. * The company also announced a $400 Mn stock buyback program and plans to lay off 13% of its global workforce. Source: [Inc42](https://inc42.com/buzz/westbridge-capital-offloads-2-of-its-stake-in-freshworks/)

WestBridge Capital Management offloaded 2.75 lakh shares of Freshworks, reducing its stake to just over 4%, valued at approximately $221 Mn.
Freshworks, a Nasdaq-listed SaaS company, decreased its consolidated net loss by 3.5% to $29.95 Mn in Q3 2024.
The company also announced a $400 Mn stock buyback program and plans to lay off 13% of its global workforce.

Source: Inc42