Tiger Global has shown interest in a fintech app that is only seven months old but is already assisting millions of Indians in starting their investment and saving careers. Bengaluru-based startup Jar announced on Thursday that it has secured $32 million in Series A funding, only a few short months after securing its seed funding.
The new round was led by the New York-based investor, and it included contributions from dozens more, including Rocketship.vc, Stonks.
Force Ventures, Arkam Ventures, Klarna founder Victor Jacobsson, Suleman Ali of Ali Capital, Shamir Karkal of Sila Money, Byron Ling of Cannan Partners, and Joel John of Ledger Prime.
Two sources close to the situation put Jar’s valuation at around $200 million after the last round. The creators of Jar did not want to discuss the company’s price tag.
A large percentage of the over one billion Indians who now have bank accounts have never put any money in them. Nishchay Ag, CEO and co-founder of Jar, has speculated that misunderstandings are to blame.
He said this in an interview with TechCrunch: “Their world is cluttered with adverts of different financial instruments.”
Tiger Global, Blume Back Indian Startup Bringing Safety — and Intelligence — to EVs
Vecmocon, a business based in India that aims to overcome the safety and reliability concerns. That are limiting sales of electric scooters in the South Asian market, has recently received an investment from Tiger Global.
Electric cars (EVs) are relatively new to the market, in contrast to the more than a century-old ICE automobiles.
According to newly released statistics, India is home to over 1.3 million electric vehicles (EVs), compared to over 278 million non-EVs.
Electric vehicles in the country have a higher servicing cost and longer turnaround time than their internal combustion engine counterparts.
Available electric vehicles (EVs) on the Indian market often fail to meet quality requirements, notably EV scooters. There have even been recent cases of fires started by some of them.
Circle Comes Around Again with fresh Capital, Led By Tiger Global, for $200M Valuation
When the worldwide epidemic hit, companies realised they needed to communicate with customers who were using their products online in the same way that creators rely on thriving communities.
Circle’s co-founder and CEO, Sid Yadav, described the company to TechCrunch as a “Shopify for creator and brand-led communities,” and said their goal was to make those interactions as simple as possible.
In January of 2020, the company was established with the goal of simplifying the process of acquiring paying clients and, in turn, expanding creator enterprises.
We first covered the New York City-based firm in August 2020, when it announced a $1.5 million seed round, and again in February 2021, when it revealed an additional $4 million in funding.
Vector motor control, or Vecmocon, is an OEM-focused company that offers a suite of software and hardware solutions for electric vehicles.
Furthermore, the New Delhi-based business provides cloud integration platforms to facilitate remote diagnostics for fleet operations.