Fidelity cuts Meta-backed Meesho valuation to $3.5 billion

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 $3.25 billion. Adjusted for outstanding shares, Meesho said its valuation stands at $3.5 billion. The U.S. asset manager valued its holding in Meesho at $27.8 million at December’s end, down […] © 2024 TechCrunch. All rights reserved. For personal use only.

Jan 30, 2024 - 12:08

Fidelity cuts Meta-backed Meesho valuation to $3.5 billion

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 $3.25 billion. Adjusted for outstanding shares, Meesho said its valuation stands at $3.5 billion. The U.S. asset manager valued its holding in Meesho at $27.8 million at December’s end, down […]