Gupshup valuation falls sharply as Fidelity cuts stake value
Fidelity Investments had already reduced the valuation of its stake to around $697 million in mid-2023
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Published: Apr 4, 2026 10:42 AM | 1 min read
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Fidelity Investments has further reduced the value of its stake in conversational AI company Gupshup. According to its latest disclosure, the company is now valued at around $280 million to $300 million.
This is a sharp drop from its earlier valuation of $1.4 billion, when Fidelity first invested in 2021. The reduction has happened over time, with the valuation earlier brought down to about $697 million in mid-2023.
Despite the decline, Gupshup has continued to raise funds. Over the past year, it secured more than $60 million through a mix of equity and debt from investors including Globespan Capital Partners and EvolutionX Debt Capital.
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