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'.