Friday March 01, 2024

Fidelity cuts Meta-backed Meesho valuation to $3.5 billion
  Posted by: TechCrunch on Jan 30th, 2024 6:49 AM

Fidelity has cut the value of its holding in Meesho by 33.6% since the original investment, giving the Indian social commerce startup a valuation of $3.5 billion, adjusted for outstanding shares. The U.S. asset manager valued its holding in Meesho at $27.8 million at December’s end, down from the $41.9 million that it invested in […]

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