Boston-based Fidelity Investments, which invested about $42 million in Bengaluru-based Meesho in September 2021, has marked up the truthful value of its investment in the e-commerce platform to $43.24 million as of July 3, indicating a 14% uptick, reversing the ten% reduce it made in the start-up earlier this yr, in keeping with a Securities and Exchange Commission (SEC) submitting. Meesho can also be backed by different traders reminiscent of Prosus Ventures, SoftBank, and Facebook.
