Moneycontrol Podcast 4795: Girish Mathrubootham logs out of Freshworks, new investors lap up IPO-bound Urban Co shares and Quick commerce accelerates credit card shift from offline to online | MC Tech3
Sep 5, 2025
Girish Mathrubootham steps away from Freshworks after a remarkable 15-year journey, sharing insights into his vision for India's tech future. Urban Company sees major investors readying for its IPO, boosting confidence in the market. Meanwhile, a significant shift in credit card usage is underway as online transactions are set to eclipse offline swipes, especially among younger consumers. The upcoming festive sales and new GST for e-commerce add to the excitement of a thriving digital landscape.
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Founder Exits After A Long Journey
- Girish Mathrubutam reflected on Freshworks' long journey from a Chennai apartment to a Nasdaq listing.
- He said he always knew building India as a product nation was his dream and is moving on to his Together Fund venture.
Exit Mirrors Market Realities
- Freshworks' stock slump tempered the exit timing but didn't diminish founder pride.
- Girish is pivoting energy into Together Fund to back AI founders and incubate startups.
Domestic Buyers Fuel Pre‑IPO Confidence
- Tiger Global and Accel sold shares worth nearly ₹500 crore ahead of Urban Company's IPO.
- Domestic investors like SBI Mutual Fund led buys at the IPO price band, signaling strong local demand.