August 23

Indian Savings Fintech Jar Lands $22.6 Million in Series B Funding

By Shruti Khairnar

Indian fintech start-up Jar has raised $22.6 million in a Series B funding round led by existing investor Tiger Global at a valuation of $300 million.

The round also saw participation from existing investors Arkam Ventures, Eximius Ventures, Force Ventures, LetsVenture, Rocketship Venture Capital and WEH Ventures as well as new investors 1Finance, Capier Investments, Cloud Capital, Folius Ventures, Panthera Capital and Prophetic Ventures, among others.

According to The Economic Times, Jar is in talks to extend the current round with other external investors, but details haven’t been finalised yet.

Photo courtesy of Priscilla Du Preez.

Source: Fintech Futures (link opens in a new window)

Finance, Technology
financial inclusion, fintech, savings, startups