Fidelity slashed the estimated worth of its stake in business messaging platform Gupshup by another 7.7% last month, reducing its total valuation from $16.2 million to $5.62 million since mid-2021.
Initially valued at $1.4 billion when Fidelity invested $16.2 million in mid-2021, Gupshup's current estimated worth has now dropped to $486 million, marking a significant decline.
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