Fidelity Investments cuts Meesho valuation to $4.4 Bn
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The Indian unicorns continue to see valuation markdown as Fidelity Investments has marked down the fair value of ecommerce unicorn Meesho by 9.7%. Fidelity Investments has backed the Bengaluru-based unicorn through multiple funds. As per the latest filings of these funds, such as Variable Insurance Products Fund III and IV, and Fidelity Central Investments Portfolio LLC, the asset management company slashed cut the fair value of Meesho by 9.7%.