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 $3.5 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 […] © 2024 TechCrunch. All rights reserved. For personal use only....