🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Another Valuation Cut: Fidelity Now Values Meesho At $3.5 Bn

Inc42 · 1y ago

Another Valuation Cut: Fidelity Now Values Meesho At $3.5 Bn

Asset management company Fidelity has once again decreased the valuation of Indian ecommerce startup Meesho, now valuing it at $3.5 billion. This marks a decline of 29% from Fidelity's previous valuation of $4.9 billion for Meesho. Fidelity had previously reduced Meesho's valuation to $4.1 billion in October. Meesho is now considering expanding into financial services and growing its grocery delivery business in the next financial year.

Related News

Baron Funds hikes Pine Labs valuation to $5.8 billion, Invesco marks it up to $4.8 billion

Economic Times

Economic Times · 1y ago

Baron Funds hikes Pine Labs valuation to $5.8 billion, Invesco marks it up to $4.8 billion

US funds Baron Funds and Invesco have increased their valuations of Indian digital payments company Pine Labs. Baron Funds now values the company at $5.8bn, up from $5.3bn in September, while Invesco has raised its valuation to $4.8bn from $3.9bn at the end of October. Pine Labs, which provides point-of-sale solutions for merchants, last raised $150m at a valuation of $5bn in 2022. Fidelity, another US fund, marked down Pine Labs' valuation to $3bn in August 2023. Pine Labs reported a net loss of INR2.27bn ($28.76m) for FY23.

US-based Fidelity cuts valuation of Meesho and Pine Labs

Startup News FYI

Startup News FYI · 1y ago

US-based Fidelity cuts valuation of Meesho and Pine Labs

US-based digital asset management company, Fidelity, has reduced the valuations of Indian e-commerce platform, Meesho, and fintech giant, Pine Labs, according to SEC filings. Meesho's valuation dropped from $5 billion to $4.1 billion, while Pine Labs' valuation decreased from $4.7 billion to $3 billion. These adjustments in valuation reflect the internal assessments by Fidelity and Invesco (another investor in Pine Labs) and do not necessarily indicate a permanent change in the startups' overall valuations.

Fidelity marks up Meesho's valuation by 14% after a cut recently

Money Control

Money Control · 1y ago

Fidelity marks up Meesho's valuation by 14% after a cut recently

Fidelity Investments, a US-based asset management company, has raised the fair value of SoftBank-backed e-commerce platform Meesho by around 14% to $43.24 million as of July. This valuation increase, up from $37.84 million in April, implies a valuation of slightly over $5 billion. Fidelity had invested $42 million in Meesho in September 2021. Meesho had recently reported turning profitable on a profit-after-tax basis in July, though its CFO noted the company still needs to establish a consistent profitability trend before considering an IPO, possibly at least 12 months away.

Fidelity marks up IPO-bound Lenskart's valuation to $6.1 Bn

Entrackr

Entrackr · 2m ago

Fidelity marks up IPO-bound Lenskart's valuation to $6.1 Bn

Fidelity marks up IPO-bound Lenskart's valuation to $6.1 Bn The development comes as Lenskart prepares for its initial public offering (IPO), with plans to raise $1 billion at a targeted valuation of $10 billion. Fidelity has revised the valuation of omnichannel eyewear retailer Lenskart to $6.1 billion, as per its latest monthly portfolio holdings update. In November, Fidelity valued the Peyush Bansal-led company at $5.6 billion. In June 2024, Lenskart raised $200 million via a secondary round, followed by a $20 million investment led by Bansal. As of now, the company has secured nearly $1 billion and reached a valuation of $5 billion during the secondary deal in which Fidelity also participated. Just last week, the company converted its holding entity from a private limited to a public limited company, a move exclusively reported by Entrackr. Media reports also suggested that Lenskart is set to file its draft red herring prospectus (DRHP) confidentially with the markets regulator by the end of this month. Lenskart inched closer to profitability in FY24, with losses narrowing sharply by 84% to Rs 10 crore from Rs 63 crore in FY23. The company’s revenue from operations rose by 43% to Rs 5,427.7 crore in FY24. Its FY25 result has yet to be reported. Lenskart is also exploring the acquisition of location intelligence startup GeoIQ.

Meesho in talks for secondary deal with Peak XV, Tiger Global at $3.5-3.9 billion value

Economic Times

Economic Times · 1y ago

Meesho in talks for secondary deal with Peak XV, Tiger Global at $3.5-3.9 billion value

Peak XV Partners (formerly Sequoia Capital India) and Tiger Global are reportedly in discussions to acquire a stake in SoftBank-backed ecommerce firm Meesho in a secondary deal. Meesho's early investors and angel backers are expected to sell shares worth around $200 million at a valuation of $3.5-3.9 billion. While Peak XV is an existing investor, Tiger Global's potential participation is significant as it has been refraining from new investments in India. Meta, another existing investor, may also consider selling a part of its stake. Meesho's valuation is likely to be reduced by 20-30% as a result of this transaction.

SoftBank, Prosus-backed Meesho gets a valuation markup

VCCircle

VCCircle · 1y ago

SoftBank, Prosus-backed Meesho gets a valuation markup

Fidelity had invested $42 million in Meesho as part of its Series F funding in which the company raised $570 million at a valuation of $4.9 billion. Other marquee investors that participated in the round included B Capital Group, Prosus Ventures, SoftBank Vision Fund 2, Facebook, Footpath Ventures, Trifecta Capital and Good Capital.

BYJU'S, Swiggy, Meesho valuation cuts: How will it impact ESOPs?

Business Today

Business Today · 2y ago

BYJU'S, Swiggy, Meesho valuation cuts: How will it impact ESOPs?

The valuations of many major Indian startups have been slashed by VCs and investors in the past few weeks. Swiggy’s valuation was cut by Invesco, BYJU’S valuation was slashed by BlackRock, and Meesho’s valuation was reduced by Fidelity Investments. This cutback is also going to impact the value of the ESOPs employees at these startups are entitled to. Read the source article below to know more-

Vanguard marks down Ola again, pegs fair value at $3.5 bn

Money Control

Money Control · 2y ago

Vanguard marks down Ola again, pegs fair value at $3.5 bn

Vanguard, which holds 166,185 shares of Ola or about 0.7 percent stake in the company, has pegged the fair value of its stake at $25,038,000, down from its acquisition cost of $51,748,000, the AMC's regulatory filings showed. This implies a valuation of $3.5 billion for Ola against its last private market valuation of $7.3 billion.

Meesho Closes Another $250-270 Mn Round

Inc42 · 6m ago

Meesho Closes Another $250-270 Mn Round

E-commerce platform Meesho has successfully closed a funding round of $250-270 million, attracting new investors like Tiger Global and Think Investments, bringing the total to approximately $550 million. This funding is primarily for covering tax liabilities related to its planned reverse merger with its Indian unit, Fashnear Technologies. The deal values Meesho at around $3.9-4 billion, a decline from its previous valuation of $4.9 billion. Founded in 2015, Meesho boasts over 1.5 million sellers and 140 million annual transacting users. The company aims to file IPO papers in late 2025, with a potential listing in 2026, pending regulatory approval.

WestBridge Capital to pick up secondary stake in Meesho at around $3 billion

Economic Times

Economic Times · 1y ago

WestBridge Capital to pick up secondary stake in Meesho at around $3 billion

WestBridge Capital is set to acquire a small stake in Meesho, an Indian online commerce marketplace, in a secondary transaction. The deal values Meesho at around $3 billion. Venture Highway, an early investor in Meesho, is selling its stake to WestBridge Capital. WestBridge has previously funded technology companies like Freshworks and Dealshare. Meesho, backed by SoftBank, was last valued at nearly $5 billion in 2021. The funding round comes amidst a trend of late-stage startups engaging in secondary deals with investors.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Download the medial app to read full posts, comements and news.