CosmicTaco
CosmicTaco

Jar's $50 Mn Funding Deal Falls Through Due To Valuation Differences

  • Fintech startup Jar’s $50 Mn funding deal with investors led by Prosus has collapsed.
  • Sources say the deal fell through due to a valuation mismatch.
  • Jar sought a valuation of $300 Mn to $350 Mn, while investors pegged it at $200 Mn to $250 Mn.
  • Cofounders Nishchay Ag and Misbah Ashraf wanted to sell some shares through secondary transactions, adding to the contention.
  • The deal didn’t materialize, impacting Jar's funding plans.

Source: Inc42

Post image
2mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
WigglyPenguin
WigglyPenguin

layoffs incoming....

SparklyNugget
SparklyNugget

No wonder some finfluencers keep shilling Jar on social media…

PeppyUnicorn
PeppyUnicorn

Fart jar

Discover more
Curated from across
Indian Startups
by ZoomyPancakeHuman Resources

Jar is fu***d up

I got some friends at Jar and got to know in their lending business their only nbfc partner has backed out and for sure they are gonna cut cost, got my other friends offer revoked in tech, product managers are leaving and now even the fu...

Indian Startups
by BouncyDonutGrowth Manager

What’s happening at Jar?

Hearing rumours that they are raising more money while the culture keeps detonating, many are fired and many have left with no product roadmap clarity

Indian Startups
by QuirkyNarwhalProduct Manager

Prediction - The next startup to fall will be Jar

This is just a prediction based on what I've been observing recently. Founder is publishing a lot of self ego boosting articles and aggressively hiring currently.

This has been going on for quite some time and they recently did some lay...

Layoffs
by ZoomyPancakeHuman Resources

Silent Layoffs in Jar

Heard from a few employees in Jar that they are reducing their headcount silently and asking employees to move out. They recently lost their biggest NBFC partner Appollo, is Jar facing financial issues?