Tiger Global Doubles Down on Investment in Indian Fintech Jar
- The fund invests $22.6 million along with other investors
- One-year-old startup valued at $300 million in funding round
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Global private equity investor Tiger Global Management doubled down on its investment in Indian micro-saving app, Jar, by leading a $22.6 million round which saw participation from a clutch of other investors, a partner at the fund said.
“By starting with digital gold, a well-understood and well-loved asset class in India, Jar’s savings app has quickly gained trust and traction with young earners interested in developing a saving and investment strategy,” Alex Cook, partner at Tiger Global, said. “We are impressed with the company’s rapid growth.”