Indian fintech Jar turns cash flow positive
Indian fintech startup Jar, backed by Tiger Global, has become cash flow positive while achieving over tenfold growth last year.
MAIN POINTS
- Jar, a three-year-old fintech startup, offers savings and investment services.
- The startup has achieved cash flow positivity, confirmed by a company executive.
- Jar experienced more than tenfold growth in the past year.
- Tiger Global is one of the investors backing Jar.
TAKEAWAYS
- Achieving cash flow positivity is a significant milestone for Jar.
- The rapid growth indicates strong market demand for Jar's services.
- Financial backing from Tiger Global supports Jar's expansion efforts.
- Jar's success reflects the potential of fintech solutions in emerging markets.