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