Freshworks faces lawsuits in the US for misleading investors

Two US law firms have alleged that Freshworks did not reveal the full extent of business challenges it was facing at the time of its IPO, thereby misleading investors.

“The Company’s net dollar retention rate had plateaued, and both the revenue growth rate and billings were slowing down. When the market learned the truth about Freshworks, investors suffered damages.”

[ Via]

Download NBW: Short news app created for busy professionals like you

Get NBW App - a reimagined fluid short news experience that delivers you clarity and all the important news and trends from your industry. No signup needed !

Download NBW App (Android, iOS)

Sign Up for NextBigWhat Newsletter

Daily.