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Cryptopolitan 2024-01-30 18:34:08

Fidelity cuts its valuation in Meesho to $3.5 billion

Fidelity Investments has recently devalued its investment in the Indian social commerce startup Meesho by 33.6%, resulting in a revised valuation of $3.25 billion. However, Meesho contends that when adjusted for outstanding shares, its true valuation stands at $3.5 billion. This adjustment comes as Fidelity lowered the value of its Meesho holding to $27.8 million

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