Fidelity slashes Gupshup’s valuation further to $300 Mn

Fidelity Investments has significantly reduced the valuation of conversational AI startup Gupshup to approximately $300 million, down from its original $1.4 billion valuation in 2021. Fidelity's stake is now valued at $3.35 million, reflecting an 80% decline from previous assessments.

This marks the latest in a series of markdowns by Fidelity, which has consistently revised Gupshup's valuation over the past two years. Despite these challenges, Gupshup continues to serve thousands of enterprises globally and has ambitious IPO plans.