About Jar
Jar is a company based in Bengaluru (India) founded in 2021 by Manal Khalek. It operates as a FinTech, and Direct-to-Consumer (D2C). Jar has raised $63.3 million across 5 funding rounds from investors including Angel List, BlackSoil and Wellfound. The company has 283 employees as of January 14, 2025. Jar offers products and services including Digital Gold Savings and Nek Jewellery. Jar operates in a competitive market with competitors including GoldMoney, SafeGold, Augmont, Plusgold and Acre, among others.
- Headquarter Bengaluru, India
- Employees 283 as on 14 Jan, 2025
- Founders Manal Khalek
- Stage Minicorn
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Changejar Technologies Pvt. Ltd.
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$4.48 M (USD)160.49as on Mar 31, 2024
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Net Profit
$-11.04 M (USD)23.05as on Mar 31, 2024
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EBITDA
$-12.59 M (USD)14.7as on Mar 31, 2024
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Total Equity Funding
$63.3 M (USD)
in 5 rounds
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Latest Funding Round
$1.72 M (USD), Series B
Dec 14, 2024
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Investors
Angel List
& 119 more
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Employee Count
283
as on Jan 14, 2025
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Products & Services of Jar
Jar offers a comprehensive portfolio of products and services, including Digital Gold Savings and Nek Jewellery. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Digital gold savings are offered for daily investments.
Gold and silver jewellery are sold through Nek.
Unlock access to complete
Funding Insights of Jar
Jar has successfully raised a total of $63.3M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $1.72 million completed in December 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series B — $1.7M
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First Round
First Round
(08 Apr 2021)
- Investors Count 120
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Series B - Jar | Valuation | Arkam Ventures | |
| Aug, 2022 | Amount | Series B - Jar | Valuation | Tiger Global Management | |
| Oct, 2021 | Amount | Series A - Jar | Valuation | Tiger Global Management |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Jar
Jar has secured backing from 120 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Angel List, BlackSoil and Wellfound. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Tech-enabled sectors are invested in by the venture capital fund.
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Founded Year | Domain | Location | |
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Provision of seed capital and support to early-stage founders solving India-centric problems.
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Jar
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Jar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Jar Comparisons
Competitors of Jar
Jar operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as GoldMoney, SafeGold, Augmont, Plusgold and Acre, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Bullion trading and vaulting company
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| domain | founded_year | HQ Location |
Provider of a digital platform for buying, selling, and storing 24K gold
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| domain | founded_year | HQ Location |
Alternative investments in digital gold and silver are facilitated.
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| domain | founded_year | HQ Location |
Digital gold investment app allowing users to purchase and redeem gold as jewelry at partner jeweler stores
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| domain | founded_year | HQ Location |
Blockchain is applied to mortgage and insurance application processes.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Jar
Frequently Asked Questions about Jar
When was Jar founded?
Jar was founded in 2021.
Where is Jar located?
Jar is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Jar a funded company?
Jar is a funded company, having raised a total of $63.3M across 5 funding rounds to date. The company's 1st funding round was a Series A of $34M, raised on Apr 08, 2021.
How many employees does Jar have?
As of Jan 14, 2025, the latest employee count at Jar is 283.
What is the annual revenue of Jar?
Annual revenue of Jar is $4.48M as on Mar 31, 2024.
What does Jar do?
Jar is operated as a digital savings platform focused on enabling Indians to invest in 24K gold through daily, weekly, or monthly savings plans. Accessibility is provided for small investments starting at 10. The platform is utilized in the fintech sector to simplify gold investment and build savings habits. Additionally, retail solutions are offered through Nek Jewellery for purchasing gold and silver products. Trust and security are emphasized with over 20 million users relying on the app for their financial growth.
What products or services does Jar offer?
Jar offers Digital Gold Savings and Nek Jewellery.
Who are Jar's investors?
Jar has 120 investors. Key investors include Angel List, BlackSoil, Wellfound, Tribe Capital, and LetsVenture.
What is Jar's valuation?
The valuation of Jar is $249.29M as of Dec 2024.