Gupshup Valuation Cut: Investor Lowers Stake Value Again

Fidelity Further Reduces Gupshup Valuation

Fidelity, a prominent asset management company, has further decreased its valuation of its investment in Gupshup, a business messaging platform. The latest reduction, occurring last month, amounted to 7.7%.

This marks a cumulative decrease of over 65% in the value of Fidelity’s holding since the initial investment made in mid-2021.

Recent Valuation Details

As per a recent monthly disclosure, Fidelity assessed its Gupshup stake at $5.62 million as of November’s close. This represents a decline from the $6.09 million valuation recorded in October.

The original investment, totaling $16.2 million from Fidelity’s Blue Chip Growth Fund, was made in mid-2021. At that time, Gupshup was valued at $1.4 billion.

Current Calculated Value

Based on Fidelity’s current calculations, the overall valuation of Gupshup now stands at $486 million.

Gupshup’s Funding History

Gupshup, which began operations in India 17 years ago, secured $340 million in funding during 2021.

This funding round included contributions from several investors, notably Tiger Global, Think Investments, and Malabar Investments.

The company’s initial growth and subsequent funding rounds positioned it as a significant player in the conversational messaging space.