Pine Labs Valuation News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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'.

Over the last few months, several tech companies have seen their valuations getting slashed amid a funding crunch within the ecosystem.

The announcement comes after the company's successful fund-raising rounds worth $700 million this year at a $3.5 billion valuation , which also included a $100 million pre-IPO placement.