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HSBC estimates B2B ecommerce unicorn Elastic Run valuation at $800 million
Economic Times
·
1y
HSBC has revised its valuation estimate for several Indian startups, including B2B ecommerce platform Elastic Run, lowering it to $800 million from $1.5 billion. The valuation estimate for etailer Meesho was also reduced by 14% to $2.5 billion, while agritech firm Dehaat's valuation was lowered by 11% to $400 million. However, Meesho is in the midst of a $600 million funding round, which is expected to finalize at a valuation of up to $4 billion. Additionally, HSBC stated that Prosus' stake in Byju's, an edtech company, has no value due to funding challenges and legal issues.
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