Fidelity Investments Cuts Meesho Valuation To $4.4 Bn

Fidelity Investments Cuts Meesho Valuation To $4.4 Bn

SUMMARY

Fidelity Investments has marked down the fair value of ecommerce unicorn Meesho by 9.7%

Fidelity Investments holds stakes in the ecommerce unicorn through multiple funds

It has pegged the fair value of its 32,220 shares in the ecommerce startup at $2.29 Mn

The Indian unicorns continue to see valuation markdown as Fidelity Investments has marked down the fair value of ecommerce unicorn MeeshoMeesho Datalabs_in-article-icon by 9.7%. 

Fidelity Investments has backed the Bengaluru-based unicorn through multiple funds. 

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