Fidelity has marked down its investment in conversational AI startup Gupshup to 3.35 million USD, down from 16.2 million USD in 2021. The company's implied valuation now stands at 280-300 million USD, a drop of nearly 80% from its 1.4 billion USD peak. Fidelity had invested through its Blue Chip Growth Fund in mid-2021. https://entrackr.com/news/fidelity-slashes-gupshups-valuation-further-to-300-mn-11448042 #India #Tech #AI #Gupshup