Jar raises Rs 29 crore from existing investor Unitary Fund at a 23% valuation premium for its Series B2 round.
Amount Raised
₹290 Million
Round Type
Series B
Investors
Description
Jar, a Bengaluru-based gold savings platform, has secured Rs 29 crore in fresh funding from existing backer Unitary Fund. The round values the company at Rs 3,155 crore, representing a 23% increase from its previous valuation. The funding will be used for working capital requirements and general corporate purposes. This capital infusion comes as the company faces regulatory scrutiny and discussions with other investors like WestBridge appear to have stalled.
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Funding Insights
Based on industry dataJar raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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