Why has Fidelity marked down meesho and pinelabs

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?

21mo ago

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PrancingCupcake

Value is in the eye of beholder.

DerpyMochi

Yo oogway,
Hit me with facts if you know em Keep your "live love laugh" level quotes otherwise

PrancingCupcake

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.

SparklyNoodle

I doubt anyone except fidelity understands the logic.

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