Jar, India’s first micro-savings app, raises $22.6 million in Tiger Global-led Series B funding at over $300 million valuation
Bangalore (Karnataka) [India], August 23: Fintech startup Jar, which runs a savings and investments platform, has raised $22.6 million as a part of its Series B funding round led by Tiger Global, at a valuation of $300 million.
“By starting with digital gold, a well-understood and well-loved asset class in India, Jar’s savings app has quickly gained trust and traction with young earners interested in developing a saving and investment strategy,” Alex Cook, partner at Tiger Global, said. “We are impressed with the company’s rapid growth.”
Jar's other existing investors including Arkam Ventures, Eximius Ventures, Force Ventures, LetsVenture, Rocketship Venture Capital and WEH Ventures, also participated in this round. The clutch of new investors injecting money into the company include: 1F...