Jar Raises $32 Million In Tiger Global-Led Funding To Help Indians Start Their Saving And Investment Journeys

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Now that it’s made inroads among consumers in every Indian state, said Nishchay, the startup is looking to offer many more financial instruments where its users can invest, he said. The startup is also looking to lend to its users and offer them insurance in the next few months, he said.“Jar is bringing new users into the online investing space, starting with digital gold as the first product,” said Alex Cook, Partner at Tiger Global, in a statement. The Bengaluru-based Jar said on Thursday it has raised $32 million in its Series A financing round, just months after securing its seed funding. The new round values Jar at over $200 million, according to two people familiar with the matter. Jar, which raised $4.5 million from a range of investors including Tribe Capital and Arkam Ventures last year, operates an eponymous app that makes it very simple for users to start investing.