Launch · Financial Services
Jar finalises new office in Koramangala
By Startup Enthusiast ·
- Date
- Company
- Jar
- What it does
- Gold savings startup
- Kind
- Launch
- Based in
- Bengaluru
- Sector
- Financial Services
What they do
Jar is a gold savings startup that lets users invest in digital gold
What happened
It is finalising a larger office in Koramangala, the old Pocket FM space, as part of expansion
Why it matters
The move comes amid an ongoing Karnataka CID investigation into the company
The details
- Jar is finalising a new office space in Koramangala, Bengaluru.
- The new office is the old Pocket FM office in Koramangala.
- The new office is larger than its current one and is part of expansion plans.
- Pocket FM vacated that office to move into Swiggy's former Bellandur campus.
- A Karnataka CID investigation into Jar is ongoing per a Moneycontrol report.
The bigger picture
- The office expansion signals growth despite the ongoing investigation.
- Jar has raised over $60 million and is valued at over $220 million.
- It is backed by Arkam Ventures, Tiger Global, and other angels.
About the business
- Jar is a gold savings startup.
- It has been operating for five years.
- It allows users to invest in digital gold.
Investors
- Arkam Ventures (existing)
- Tiger Global (existing)
Founders
- Nishchay Ag, Founder
- Misbah Ashraf, Founder
- Nischay Babu AG, Founder
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