- Fidelity has devalued its holdings in Gupshup, dropping it by over 20% within a month and by 50% since its initial investment.
- The business messaging platform, which was founded in India 17 years ago, previously raised $340 million from various investors such as Tiger Global.
- In contrast, Fidelity increased the worth of its holdings in firms like Reddit, Discord and Twitter-associated X Holdings in June.
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