Page 10 - Pine Labs News Today

In 2023, LotusPay registered more than five million mandates, and processed over 20 million transactions, surpassing a total value of Rs 20,000 crore. �� Fintech Platform Justpay Announces To Have Acquired LotusPay in ‘All-Cash Deal’, Acquisition To Strengthen Company’s Offerings to BFSI Segment and Merchant.

Mufin Green Finance has raised around $16.8 million in a Series B round, while Deliver.sg has acquired Indian mobility lifestyle platform BusyBee.

Massachusetts-based Fidelity Investments, an asset management company that has invested in several publicly listed as well as privately held Indian companies, has slashed a valuation ......

Global investment firm Fidelity has further marked down the value of its holding in social commerce platform Meesho, to $3.5 billion.Fidelity had recently cut the valuation of Meesho to $4.1 billion from $5 billion, in a regulatory filing with ...

The budget exercise should allocate more funds to improve the judicial system and address infrastructure constraints. Support is needed for National Law Schools and institutions like OP Jindal to prevent brain drain. Flexibility for Indian private fund managers is necessary to encourage offshore financing for Indian start-ups. Tax hurdles in share swap structures and court mergers hinder rescue transactions for start-ups.

Global investment firm Fidelity has marked down the valuation of fintech unicorn Pine Labs and e-commerce company Meesho.As per the regulatory filings with the US' Securities and Exchange Commission (SEC), Fidelity cut the valuation of Pine ...

Manipal group head Ranjan Pai will soon become the largest shareholder in Aakash—one of the few remaining valuable assets of troubled edtech Byjus. This and more in todays ETtech Morning Dispatch.

As per the filings, Fidelitys funds have set Meesho’s fair value at around $4.1 billion as of October 31, 2023, down from around $5 billion as of end-August. Meesho was last valued at $4.9 billion after raising $570 million in 2021.

Fidelity invested around $42 million in Meesho’s Series F round in October 2021. In Pine Labs, Fidelity's latest round was in July 2021 when the Singapore-registered company raised $600 million. �� US-Based Investments Firm Fidelity Cuts Down Valuation of Pine Labs to 'USD 3 Billion From USD 4.7 Billion' and Meesho to 'USD 4.1 Billion From USD 5 Billion'.

Recent actions by the seasoned asset management behemoth Fidelity have drawn interest from investors and entrepreneurs alike in the complex web of the Indian startup environment. The papers show that Pine Labs and Meesho, two well-known portfolio companies, have had their valuations adjusted.