Jar funding, investors and company details

Jar is an emerging Financial Services - Wealth Management startup from Bengaluru, working in the space of [●]. Founded by Nishchay AG, Misbah Ashraf.

Company: Changejar Technologies Private Limited
Sector: Financial Services - Wealth Management
Location: Bengaluru
Founders: Nishchay AG, Misbah Ashraf
Total funding raised: ₹421.22 Cr

Company overview

Jar (myjar.app) is a Bengaluru-based fintech platform revolutionizing micro-savings for mass-market India by letting users save spare change in 24K digital gold starting from just ₹10 per day through UPI auto-debits and round-up features. It targets first-time savers from tier-2/3 cities with habit-building nudges, gamified savings challenges, and instant redemption as cash or physical jewellery through its in-house Nek brand, achieving 40M+ users and ₹500 Cr+ ARR. Beyond gold savings, Jar has expanded into UPI payments, credit lines against savings, and wealth products, positioning itself as a daily financial companion for Bharat while maintaining negative working capital and profitability through efficient gold sourcing and vertical integration. The app's viral growth comes from social referrals, gamification and the cultural affinity for gold as a stable savings asset amid inflation and volatile markets

Funding rounds

Latest round: $ 22.60 Mn (₹179.65 Cr.), 2022-08-18. Investors: Tiger Global
Past round (Series A): $ 32.00 Mn (₹241.57 Cr.), 2022-02-04. Investors: Tiger Global, Rocketship.vc, Force Ventures, Arkam Ventures, Victor Jacobsson (Klarna), Suleman Ali (Ali Capital), Shamir Karkal (Sila Money), Byron Ling (Cannan Partners), Joel John (Ledger Prime)