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Fidelity deepens valuation cut for SaaS startup Gupshup

Latest / Startup / Technology

Fidelity deepens valuation cut for SaaS startup Gupshup

July 31, 2023July 31, 2023 - by Amit Yadav - Leave a Comment

Fidelity has slashed the estimated worth of its holding in SaaS startup Gupshup by over 20% in a month and by more than 50% since the original investment in the …

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Fidelity has cut Reddit valuation by 41% since 2021 investment

Latest / Startup / Technology

Fidelity has cut Reddit valuation by 41% since 2021 investment

June 1, 2023June 2, 2023 - by Amit Yadav - Leave a Comment

Fidelity, the lead investor in Reddit’s most recent funding round in 2021, has slashed the estimated worth of its equity stake in the popular social media platform by 41% since …

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India’s Meesho cuts 251 jobs to ‘accelerate timeline to profitability’

Latest / Startup / Technology

India’s Meesho cuts 251 jobs to ‘accelerate timeline to profitability’

May 5, 2023May 5, 2023 - by Amit Yadav - Leave a Comment

Meesho has cut 15% of its workforce, or 251 roles, as the Indian social commerce startup pares its expenses to improve its financial health and confront the “economic reality.” This …

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Fidelity makes first acquisition in 7 years, snapping up fintech Shoobx

Latest / Startup / Technology

Fidelity makes first acquisition in 7 years, snapping up fintech Shoobx

January 10, 2023January 11, 2023 - by Amit Yadav - Leave a Comment

Investment giant Fidelity announced today that it has acquired Shoobx, a venture-backed fintech startup, for an undisclosed amount. Jason Furtado and Stephan Richter founded Boston-based Shoobx in 2013, according to …

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