🫶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.
It’s easy to create a Telegram channel via desktop app or mobile app (for Android and iOS): Telegram is a leading cloud-based instant messages platform. It became popular in recent years for its privacy, speed, voice and video quality, and other unmatched features over its main competitor Whatsapp. How to create a business channel on Telegram? (Tutorial) Telegram offers a powerful toolset that allows businesses to create and manage channels, groups, and bots to broadcast messages, engage in conversations, and offer reliable customer support via bots. "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.
from us
