India, Nov. 22 -- Private equity (PE) firm WestBridge Capital Management sold 2.75 Lakh shares of Nasdaq-listed SaaS company Freshworks in the quarter ended September 2024.

As per its SEC filings, the India-focused investment firm dumped 2% of its stake in Freshworks during the July-September period. WestBridge owned 13.6 Mn shares of Freshworks at the end of June 2024, which fell to 13.3 Mn at the end of September.

With this, WestBridge Capital's current shareholding in the SaaS major has fallen to a little over 4%, worth nearly $221 Mn at the stock's closing price of $16.54 on Thursday.

WestBridge Capital has so far backed multiple Indian startups like Meesho, Rapido and PhysicsWallah.

Freshworks, founded in 2010 by Girish Mathruboo...