🫶Gupshup investor cuts value of its stake again, implying new valuation of $486M
Fidelity has reduced the estimated value of its stake in Gupshup, a business messaging platform, by 7.7% last month, bringing the total decrease to over 65% since its initial investment in mid-2021. The asset management firm now values its holding at $5.62 million, down from $6.09 million the previous month.
Originally, Fidelity invested $16.2 million at a valuation of $1.4 billion. Gupshup's current valuation is now estimated at $486 million. The company, founded in India 17 years ago, raised $340 million in 2021 from various investors, including Tiger Global and Malabar Investments.
🫶Gupshup investor cuts value of its stake again, implying new valuation of $486M
Fidelity has reduced the estimated value of its stake in Gupshup, a business messaging platform, by 7.7% last month, bringing the total decrease to over 65% since its initial investment in mid-2021. The asset management firm now values its holding at $5.62 million, down from $6.09 million the previous month.
Originally, Fidelity invested $16.2 million at a valuation of $1.4 billion. Gupshup's current valuation is now estimated at $486 million. The company, founded in India 17 years ago, raised $340 million in 2021 from various investors, including Tiger Global and Malabar Investments.
How to Create a Private or Public Channel on Telegram? Write your hashtags in the language of your target audience. So far, more than a dozen different members have contributed to the group, posting voice notes of themselves screaming, yelling, groaning, and wailing in various pitches and rhythms. The public channel had more than 109,000 subscribers, Judge Hui said. Ng had the power to remove or amend the messages in the channel, but he “allowed them to exist.” "Doxxing content is forbidden on Telegram and our moderators routinely remove such content from around the world," said a spokesman for the messaging app, Remi Vaughn.
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