SC 13G

 

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

 

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No.    )*

Freshworks Inc.

(Name of Issuer)

Class A Common Stock, par value $0.00001 per share

(Title of Class of Securities)

358054 10 4

(CUSIP Number)

July 19, 2022

(Date of Event Which Requires Filing of This Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

Rule 13d-1(b)

 

Rule 13d-1(c)

 

Rule 13d-1(d)

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


CUSIP No. 358054 10 4    SCHEDULE 13G    Page 2 of 9 Pages

 

  1.    

  Name of Reporting Person

 

  WestBridge Crossover Fund, LLC

  2.  

  Check the Appropriate Box if a Member of a Group (see instructions)

  (a)  ☐        (b)  ☒

 

  3.  

  SEC USE ONLY

 

  4.  

  Citizenship or Place of Organization

 

  Republic of Mauritius

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With:

   5.     

  Sole Voting Power

 

  15,598,261(1)

   6.   

  Shared Voting Power

 

  0

   7.   

  Sole Dispositive Power

 

  15,598,261(1)

   8.   

  Shared Dispositive Power

 

  0

  9.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  15,598,261(1)

10.  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (see instructions)

 

  ☐

11.  

  Percent of Class Represented by Amount in Row 9

 

  9.7% (2)

12.  

  Type of Reporting Person (see instructions)

 

  OO

 

(1)

Represents 15,598,261 shares of Class A common stock held directly by WestBridge Crossover Fund, LLC.

(2)

The percent of class was calculated based on 161,102,744 shares of Class A common stock outstanding as of October 28, 2022, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 4, 2022.


CUSIP No. 358054 10 4    SCHEDULE 13G    Page 3 of 9 Pages

 

  1.    

  Name of Reporting Person

 

  WestBridge Capital Management, LLC

  2.  

  Check the Appropriate Box if a Member of a Group (see instructions)

  (a)  ☐        (b)  ☒

 

  3.  

  SEC USE ONLY

 

  4.  

  Citizenship or Place of Organization

 

  Republic of Mauritius

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With:

   5.     

  Sole Voting Power

 

  15,598,261(1)

   6.   

  Shared Voting Power

 

  0

   7.   

  Sole Dispositive Power

 

  15,598,261(1)

   8.   

  Shared Dispositive Power

 

  0

  9.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  15,598,261(1)

10.  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (see instructions)

 

  ☐

11.  

  Percent of Class Represented by Amount in Row 9

 

  9.7% (2)

12.  

  Type of Reporting Person (see instructions)

 

  OO

 

(1)

Represents 15,598,261 shares of Class A common stock held directly by WestBridge Crossover Fund, LLC. WestBridge Capital Management, LLC is the investment manager of WestBridge Crossover Fund, LLC.

(2)

The percent of class was calculated based on 161,102,744 shares of Class A common stock outstanding as of October 28, 2022, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 4, 2022.


CUSIP No. 358054 10 4    SCHEDULE 13G    Page 4 of 9 Pages

 

  1.    

  Name of Reporting Person

 

  Sumir Chadha

  2.  

  Check the Appropriate Box if a Member of a Group (see instructions)

  (a)  ☐        (b)  ☒

 

  3.  

  SEC USE ONLY

 

  4.  

  Citizenship or Place of Organization

 

  United States

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With:

   5.    

  Sole Voting Power

 

  15,598,261(1)

   6.  

  Shared Voting Power

 

  0

   7.  

  Sole Dispositive Power

 

  15,598,261(1)

   8.  

  Shared Dispositive Power

 

  0

  9.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  15,598,261(1)

10.  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (see instructions)

 

  ☐

11.  

  Percent of Class Represented by Amount in Row 9

 

  9.7% (2)

12.  

  Type of Reporting Person (see instructions)

 

  IN

 

(1)

Represents 15,598,261 shares of Class A common stock held directly by WestBridge Crossover Fund, LLC. WestBridge Capital Management, LLC is the investment manager of WestBridge Crossover Fund, LLC. Sumir Chadha and Sandeep Singhal are directors of WestBridge Capital Management, LLC.

(2)

The percent of class was calculated based on 161,102,744 shares of Class A common stock outstanding as of October 28, 2022, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 4, 2022.


CUSIP No. 358054 10 4    SCHEDULE 13G    Page 5 of 9 Pages

 

  1.    

  Name of Reporting Person

 

  Sandeep Singhal

  2.  

  Check the Appropriate Box if a Member of a Group (see instructions)

  (a)  ☐        (b)  ☒

 

  3.  

  SEC USE ONLY

 

  4.  

  Citizenship or Place of Organization

 

  India

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With:

   5.    

  Sole Voting Power

 

  15,598,261(1)

   6.  

  Shared Voting Power

 

  0

   7.  

  Sole Dispositive Power

 

  15,598,261(1)

   8.  

  Shared Dispositive Power

 

  0

  9.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  15,598,261(1)

10.  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (see instructions)

 

  ☐

11.  

  Percent of Class Represented by Amount in Row 9

 

  9.7% (2)

12.  

  Type of Reporting Person (see instructions)

 

  IN

 

(1)

Represents 15,598,261 shares of Class A common stock held directly by WestBridge Crossover Fund, LLC. WestBridge Capital Management, LLC is the investment manager of WestBridge Crossover Fund, LLC. Sumir Chadha and Sandeep Singhal are directors of WestBridge Capital Management, LLC.

(2)

The percent of class was calculated based on 161,102,744 shares of Class A common stock outstanding as of October 28, 2022, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 4, 2022.


CUSIP No. 358054 10 4    SCHEDULE 13G    Page 6 of 9 Pages

 

Item 1(a).

Name of Issuer:

Freshworks Inc.

 

Item 1(b).

Address of Issuer’s Principal Executive Officers:

2950 S Delaware Street, Suite 201

San Mateo, CA 94403

 

Item

2(a). Name of Person(s) Filing:

WestBridge Crossover Fund, LLC

WestBridge Capital Management, LLC

Sumir Chadha

Sandeep Singhal

 

Item 2(b).

Address of Principal Business Office:

 

WestBridge Crossover Fund, LLC   

c/o Citco (Mauritius) Limited

4th Floor, Tower A, 1 Cybercity

Ebène, Republic of Mauritius 72201

WestBridge Capital Management, LLC   

Apex House, Bank Street, TwentyEight,

Cybercity, Ebene 72201, Republic of Mauritius

Sumir Chadha   

520 S. El Camino Real, Suite 900

San Mateo, CA 94402

Sandeep Singhal   

301, 3rd Floor, Campus 6A, RMZ Ecoworld

Sarjapur-Marathahalli, Outer Ring Road

Bangalore, KA 560103

 

Item 2(c).

Citizenship or Place of Organization:

 

WestBridge Crossover Fund, LLC    Republic of Mauritius
WestBridge Capital Management, LLC    Republic of Mauritius
Sumir Chadha    United States
Sandeep Singhal    India

Item 2(d). Title of Class of Securities:

Class A Common Stock

Item 2(e). CUSIP Number:

358054 10 4


CUSIP No. 358054 10 4    SCHEDULE 13G    Page 7 of 9 Pages

 

Item 3.

If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

 

                      (a)       Broker or dealer registered under Section 15 of the Act;
   (b)       Bank as defined in Section 3(a)(6) of the Act;
   (c)       Insurance company as defined in Section 3(a)(19) of the Act;
   (d)       Investment company registered under Section 8 of the Investment Company Act of 1940;
   (e)       An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);(1)
   (f)       An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
   (g)       A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
   (h)       A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
   (i)       A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940;
   (j)       A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J);
   (k)       Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution:                 
      If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:                 

 

(1)

WestBridge Capital Management, LLC

 

Item 4.

Ownership.

 

Item 4(b).

Percent of Class:

 

Item 4(c).

Number of shares as to which such persons have:

 

  (a) — (c)

Provide the following information regarding the aggregate number and percentage of the class of securities of the Issuer identified in Item 1.     

 

     Number of
Shares
Beneficially
Owned
     Sole Voting
Power
     Shared
Voting
Power
     Sole
Dispositive
Power
     Shared
Dispositive
Power
     Percentage
of
Ordinary
Shares
Outstanding
 

WestBridge Crossover Fund, LLC

     15,598,261        15,598,261        —          15,598,261        —          9.7

WestBridge Capital Management, LLC

     15,598,261        15,598,261        —          15,598,261        —          9.7

Sumir Chadha

     15,598,261        15,598,261        —          15,598,261        —          9.7

Sandeep Singhal

     15,598,261        15,598,261        —          15,598,261        —          9.7

The percent of class was calculated based on 161,102,744 shares of Class A common stock outstanding as of October 28, 2022, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 4, 2022.


CUSIP No. 358054 10 4    SCHEDULE 13G    Page 8 of 9 Pages

 

Item 5.

Ownership of Five Percent or Less of a Class:

If this statement is being filed to report the fact that as of the date hereof, the Reporting Person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following:  ☐

 

Item 6.

Ownership of More Than Five Percent on Behalf of Another Person:

Not applicable.

 

Item 7.

Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company or Control Person:

Not applicable.

 

Item 8.

Identification and Classification of Members of the Group:

The Reporting Persons expressly disclaim membership in a “group” as used in Rule 13d-5(b)(1).

 

Item 9.

Notice of Dissolution of Group:

Not applicable.

 

Item 10.

Certification:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.


CUSIP No. 358054 10 4    SCHEDULE 13G    Page 9 of 9 Pages

 

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: January 20, 2023

 

WESTBRIDGE CROSSOVER FUND, LLC
By:  

/s/ Peter Wendell

  Director

 

WESTBRIDGE CAPITAL MANAGEMENT, LLC
By:  

/s/ Sumir Chadha

  Director

 

/s/ Sumir Chadha

Sumir Chadha

 

/s/ Sandeep Singhal

Sandeep Singhal

 

EX-99.1

EXHIBIT 99.1

JOINT FILING AGREEMENT

The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him, her or it contained herein, but shall not be responsible for the completeness and accuracy of the information concerning the other entities or persons, except to the extent that he, she or it knows or has reason to believe that such information is inaccurate.

Dated: January 20, 2023

 

WESTBRIDGE CROSSOVER FUND, LLC
By:  

/s/ Peter Wendell

  Director

 

WESTBRIDGE CAPITAL MANAGEMENT, LLC
By:  

/s/ Sumir Chadha

  Director

 

/s/ Sumir Chadha

Sumir Chadha

 

/s/ Sandeep Singhal

Sandeep Singhal