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FIDELITY INVESTMENTS MEESHO
Kuku FM readies public market debut; SoftBank books Lenskart gainsKuku FM's parent has taken the first step towards a stock market listing. This and more in today's ETtech Top 5.- SoftBank snags Rs 2,873 crore from Lenskart stake sale, clocking 7x returnSVF II Lightbulb Cayman, a SoftBank affiliate, sold 5.65 crore shares, or 3.25%, in Lenskart for Rs 2,873 crore through a block deal on Wed...
- Meesho faces investor protest over anchor allotment to SBI FundsMeesho's anchor book faced investor withdrawals after a significant allocation to SBI Funds Management, prompting other large funds to exit...
- PB Fintech's maiden profit; another markdown for MeeshoPolicybazaar parent PB Fintech on Tuesday reported its first ever net profit on the back of strong revenue growth for the quarter ended Dec...
- Fidelity further marks down fair value of MeeshoA fund managed by financial services major Fidelity has further marked down the fair value of e-commerce firm Meesho, according to a monthl...
- Fidelity cuts fair value of Meesho, Pine LabsAs per the filings, Fidelity's funds have set Meesho’s fair value at around $4.1 billion as of October 31, 2023, down from around $5 billio...
- Venture Highway sells off its stake in Meesho to WestBridgeVenture Highway first invested in Meesho in 2015. The exit comes just days after Venture Highway co-founder Samir Sood stepped down as a pa...
- Meesho FY23 revenue grows 77% to Rs 5,735 crore, loss narrows 48%For the first half of FY24 ended September 30, 2023, Meesho said its operating revenue increased 37% year-on-year to Rs 3,521 crore, with a...
- WestBridge Capital to pick up secondary stake in Meesho at around $3 billionThe Indian fund which has backed companies like Freshworks, Dealshare and PhysicsWallah is in talks to pick up about 2% stake in Meesho.
- Meesho says logged first monthly profit after tax in JulyIn a statement on Monday, the Bengaluru-based firm, which is backed by SoftBank and Meta, said that it has seen its order volumes surge by ...
- Fidelity halves Gupshup’s valuation to roughly $697 millionFidelity Blue Chip Growth Fund’s stake in the San Francisco-headquartered startup was valued at nearly $11.09 million as of April 30, 2023,...
- Fidelity cuts Gupshup’s valuation by 37% to $876 millionSaaS firm was valued $1.4 billion in 2021
- Byju’s, Meesho face valuation cuts; electric two-wheeler beneficiaries’ tally under FAME slashedOn Tuesday, BlackRock further marked down the valuation of edtech firm Byju’s, while Fidelity Investments slashed Meesho’s valuation by 10%...
- Fidelity Investments cuts Meesho's valuation by 10% to $4.4 billionNotably, Fidelity’s funds had valued Meesho at $4.98 billion as of December 2022. Prior to that, as of September 2022, the investor had asc...
- Ecommerce startup Meesho cuts 15% workforce; layoffs amount to 251 employeesCEO Vidit Aatrey tells staff firm made judgment errors in over hiring, now aligning people cost with new biz projections
- Meesho rebrands Farmiso to Superstore, to integrate with main appMeesho will integrate Farmiso, its grocery division, into its core application by the first week of May. It will also be renamed Meesho Sup...
- Facebook-backed Meesho targets early 2023 for IPOThe Bengaluru-based social commerce platform is working to be ready for a listing by the end of 2022 and is evaluating both Indian and US e...
- Meesho undertakes third ESOP buyback worth $5.5 millionMeesho, a social commerce platform that’s looking to take on Amazon and Flipkart in India’s ecommerce space, has repurchased ESOPs worth $6...
- Exclusive: Google in talks to back social commerce startup MeeshoGoogle’s latest investment will take Meesho’s total funding to over $900 million so far this year, including $300 million that it raised fr...
- Fidelity, B Capital lead $570 mn funding in Meesho, valuation more than doubles to $4.9 bnMeesho has raised $570 million in a funding round led by Fidelity and B Capital to double the R&D team and acquire more users, as the socia...
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