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WestBridge seeks to buy stake in India’s Meesho

From TechCrunch

By Manish Singh

September 29, 2023

WestBridge seeks to buy stake in India’s Meesho

WestBridge Capital is in advanced stages of talks to purchase shares of Meesho in the secondary market, according to two people familiar with the matter, as the high-profile venture firm looks to broaden its bet on e-commerce. The investment firm, with a two-decade history of focusing on startups in India and Southeast Asia, is engaging […]

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WestBridge evaluates buying stake in India’s Meesho at a discount

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WestBridge Capital is in advanced stages of talks to purchase shares of Meesho worth tens of millions of dollars in the secondary market, according to two people familiar with the matter, as the high-profile venture firm looks to broaden its bet on e-commerce. The crossover fund, with a two-decade history of focusing on startups in […]

Sep 29, 2023

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Peak XV, the largest India and Southeast Asia-focused venture firm, is reducing the size of some of its funds and lowering fees as it seeks to become “deeply aligned” with its limited partners. The firm, which secured capital commitments totaling $2.85 billion in mid 2022, informed its backers on Tuesday evening that it is releasing them from $465 million in obligations from those 2022 vintage funds, according to an investor letter seen by TechCrunch. The venture group, which remains the larges

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Fidelity cuts Meta-backed Meesho valuation to $3.5 billion

Fidelity cuts Meta-backed Meesho valuation to $3.5 billion

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Sep 29, 2023

Peak XV trims fund size and fees as Indian market overheats

Peak XV trims fund size and fees as Indian market overheats

Peak XV, the largest India and Southeast Asia-focused venture firm, is reducing the size of some of its funds and lowering fees as it seeks to become “deeply aligned” with its limited partners. The firm, which secured capital commitments totaling $2.85 billion in mid 2022, informed its backers on Tuesday evening that it is releasing them from $465 million in obligations from those 2022 vintage funds, according to an investor letter seen by TechCrunch. The venture group, which remains the larges

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Fidelity cuts Meta-backed Meesho valuation to $3.5 billion

Fidelity cuts Meta-backed Meesho valuation to $3.5 billion

Fidelity has cut the value of its holding in Meesho by 33.6% since the original investment, giving the Indian social commerce startup a valuation of $3.5 billion, adjusted for outstanding shares. The U.S. asset manager valued its holding in Meesho at $27.8 million at December’s end, down from the $41.9 million that it invested in […]

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