AsiaTechDaily – Asia's Leading Tech and Startup Media Platform

  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • Events
    • Innovasion Exchange Programme
    • Startup Program
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
    • Unicorn interview
  • Governments
  • Events
  • Lists
  • Subscription Plan
  • Login
Menu
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • Events
    • Innovasion Exchange Programme
    • Startup Program
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
    • Unicorn interview
  • Governments
  • Events
  • Lists
  • Subscription Plan
  • Login
Submit Article
Menu
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • Events
    • Innovasion Exchange Programme
    • Startup Program
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
    • Unicorn interview
  • Governments
  • Events
  • Lists
  • Subscription Plan
  • Login
Submit Article
Join Chat 💬
FinTech8 Feb 2022 10:13

Indian FinTech startup Jar raises US$32 million in Series A

by AsiaTechDaily Writer
  • twitter
Bookmark (0)
Please login to bookmark Close

No account yet? Register

India-based micro gold savings app Jar has raised US$32 million in its Series A funding round led by Tiger Global. The funding round was also joined by new investors Third Prime, Rocketship.vc, and Force Ventures along with existing investors WEH Ventures and Akram Ventures.

Angel investors including Suleman Ali of Ali Capital, Klarna founder Victor Jacobsson, Shamir karkal of Sila Money, Joel John of Ledger Prime, and Byron Ling of Cannan Partners also participated in the financing round.

The Series A round follows a seed funding round where the startup had raised US$4.5 million led by Akram Ventures in September 2021. It’s total funding to date is US$36.5 million and is valued at US$200 million.

Jar will be using the fresh funds to diversify its products, lending and insurance offerings.

“We are solving for habit and behaviour among young Indians,” said Nishchay AG, 37, co-founder and chief executive officer of Jar. “We want millennials to look at investing as insurance for their future, and not treat it as an expense.”

We are bought into Jar’s mission of helping users build a daily savings habit, and we’re excited to partner with the team as they scale to millions of customers,” Tiger Global partner Alex Cook said.

About Jar

Founded in 2021 by Nishchay AG and Misbah Ashraf, Jar offers an app that allows users to save money and invest in digital gold.

The startup focuses on removing the pressure and challenges of investing among average Indian citizens by helping them get started with micro amounts in gold, an asset that’s captivating and relatable to the people.

Jar gives its users an option to save as little as a few rupees every time they transact on payment apps like Walmart Inc. and Paytm, which is then invested in real-time in digital gold.

Since its launch, the Bengaluru-based FinTech startup is growing rapidly and presently has 4 million users, out of these almost nine-tenths of them are between 21-35 years age group. About 95 percent of users are first-time investors, and Jar’s app clocks more than 150,000 transactions daily transactions.

Tags: digital goldFintechinsurance

Similar Articles

Venture Capital6 Aug 2025 8:13

Japan’s Unleash Capital Leads Zype’s $10.2M Funding to Scale AI-Driven Lending

More
Thailand1 Aug 2025 6:31

Google Play Expands Local Payments in SEA with KBank and Ant International’s Antom

More
FinTech28 Jul 2025 8:16

OmniWave Fintech Aims to Modernize WealthTech with Plug-and-Play AI Platform

More

Topics

Menu
  • AI & Big Data
  • AR & VR
  • Blockchain
  • Clean Technology
  • Content & Games
  • Cybersecurity
  • Enterprise & SaaS
  • Gadgets & Electronics
  • Health & Bio

Program

Menu
  • Ecosystem
  • EdTech
  • Featured
  • FinTech
  • Investments
  • IoT
  • Marketplaces & E-commerce
  • Robotics
  • Transportation & Logistics

About

Menu
  • Home
  • About us
  • Privacy Policy
  • Collaborate with AsiaTechDaily
Facebook Instagram Linkedin
  • twitter

Subscribe and be informed first hand about the actual economic news.

All the day’s headlines and highlights, direct to you every morning.

© 2023 asiatechdaily. All rights reserved.