Why has Fidelity marked down meesho and pinelabs
https://entrackr.com/2024/01/fidelity-marks-down-valuation-of-meesho-and-pine-labs/ Above is the source article for reference Can anyone fill me in on why meesho and pinelabs got marked down despite being profitable and realising good growth ? Anyone from pinelabs or meesho who can comment what's up?
Yo oogway,
Hit me with facts if you know em
Keep your "live love laugh" level quotes otherwise
Bro Krutim has raised at a valuation of 1 Bn. You can't go behind logics for valuation.
Esp in the case of pinelabs and Meesho, the swing is in the range of 20% +- max.
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