{"id":820532,"date":"2024-06-10T11:07:58","date_gmt":"2024-06-10T05:37:58","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=820532"},"modified":"2024-06-10T11:53:37","modified_gmt":"2024-06-10T06:23:37","slug":"hsbc-estimates-b2b-ecommerce-unicorn-elastic-run-valuation-at-800-million","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/06\/10\/hsbc-estimates-b2b-ecommerce-unicorn-elastic-run-valuation-at-800-million\/","title":{"rendered":"HSBC estimates B2B ecommerce unicorn Elastic Run valuation at $800 million"},"content":{"rendered":"<p>HSBC has significantly lowered its valuation estimate for SoftBank and Prosus-backed B2B ecommerce firm Elastic Run to $800 million, pulling it below the $1-billion \u2018unicorn\u2019 mark. <\/p>\n<p>The company was last valued at $1.5 billion in 2022 following a $300-million funding round. <\/p>\n<p>In a research note dated May 21, HSBC also lowered its valuation estimate for etailer Meesho by 14% to $2.5 billion, and that of agritech Dehaat by 11% to $400 million. However, Meesho is in the middle of a $600-million funding round, including primary and secondary share sale, of which $295 million has closed. It is expected to close the round at a valuation of up to $4 billion, ET had reported.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HSBC has significantly lowered its valuation estimate for SoftBank and Prosus-backed B2B ecommerce firm Elastic Run to $800 million, pulling it below the $1-billion \u2018unicorn\u2019 mark. The company was last valued at $1.5 billion in 2022 following a $300-million funding round. In a research note dated May 21, HSBC also lowered its valuation estimate for etailer Meesho by 14% to $2.5 billion, and that of agritech Dehaat by 11% to $400 million. However, Meesho is in the middle of a $600-million funding round, including primary and secondary share sale, of which $295 million has closed. It is expected to close [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-820532","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/820532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=820532"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/820532\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=820532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=820532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=820532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}