Indian micro gold savings app raises US$32mil led by Tiger


An India-based investment startup that encourages millennials to invest into digital gold has raised another RM133.7mil in Series A funding. — REUTERS/File Photo

Jar, a startup that helps Indians save small amounts to invest in tiny quantities of digital gold, has raised US$32mil (RM133.7mil) in Series A funding led by Tiger Global Management.

The app, which was launched last summer, also raised funds from existing investors including Arkam Ventures and new backers like Rocketship.vc, fintech Klarna AB founder Victor Jacobsson, Byron Ling of Canaan Partners and luxury retailer Italic’s founder Jeremy Cai, it said in a statement late Thursday.

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