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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, Fidelity's 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'.
As per the filings, Fidelity's funds have set Meeshos 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.
Leading merchant commerce platform Pine Labs has reached Rs 1,588 crore in revenue in the fiscal year ending March 2023, from Rs 1,017 crore in FY22 which is a 56.15 per cent growth.Pine Labs' losses decreased 12.3 per cent to Rs 227 crore in ...