The global end-user spending on public cloud services is forecast to grow 20.7 per cent to a total of $591.8 billion in 2023, up from $490.3 billion in 2022, a Gartner report said on Monday.
Only two startups in India, Shiprocket and OneCard, attained unicorn status (valuation $1 billion and above) in the July-September period. Globally, the third quarter (Q3) produced 20 unicorns and 45 per cent of them were from the software-as-a-service (SaaS) segment. No new decacorns were added in this quarter.
Shares of Freshworks opened at $43.5. The stock hit an intraday high of $48.75 on September 22. Freshworks sold 28.5 million common shares, raising $1 billion in proceeds.
