US-based Fidelity cuts valuation of Meesho and Pine Labs
Fidelity has cut Meesho’s valuation from $5 billion earlier to $4.1 billion. Pine Labs, Fidelity said, was valued at $3 billion down from $4.7 billion previously
Source: moneycontrol.com
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meesho: Fidelity cuts fair value of Meesho, Pine Labs
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.
Source: indiatimes.com
Eruditus Plans to Return to India, Aiming for Listing on BSE or NSE
Edtech startup Eruditus , based in Singapore and backed by SoftBank, is considering a return to India and aims...
Source: siliconindia.com
eruditus reverse flip: Eruditus joins queue of reverse flips by Indian startups, weighs IPO
Edtech unicorn Eruditus is planning a shift in domicile from Singapore to India, or reverse flipping, and joins the growing list of Indian internet firms — Pine Labs, Udaan, Razorpay and Groww, among others. Eruditus is evaluating a listing on the domestic bourses.
Source: indiatimes.com
Eruditus plans India flip; Ayodhya boost for spiritual apps
Indian IT majors are eyeing upcoming US federal contracts as several large deals are set for renewal in the next two quarters. While it is still challenging for Indian companies to win these contracts, there is a more positive attitude towards Indian-heritage suppliers.
Source: indiatimes.com