Jar - About the company
Jar is a series B company based in India, founded in 2021 by Nishchay Ag and Misbah Ashraf. It operates as a Platform providing digital gold savings plans and online gold purchases. Jar has raised $63.3M in funding from investors like Tiger Global Management, Arkam Ventures and WEH Ventures, with a current valuation of $*****. The company has 50 active competitors, including 9 funded and 1 that has exited. Its top competitors include companies like FatakPay, Finfinity and GoldMoney.
Company Details
Platform providing digital gold savings plans and online gold purchases. It facilitates options for daily, weekly, or monthly savings in digital gold. The platform also offers the ability to buy silver and gold jewellery. It provides resources such as calculators for salary and gold values. The platform ensures secure storage of gold in vaults and insurance coverage.
- Website
- myjar.app
- Social
- Email ID
- *****@changejar.in
- Phone Number
- +91 **********
- Registered Address
- 752, 18th Main Road, 6th Block, Koramangala, Bangalore, Bangalore, Karnataka, India, 560095
Key Metrics
Founded Year
2021
Location
Stage
Series B
Total Funding
$63.3M in 5 rounds
Latest Funding Round
Post Money Valuation
$***** as on Dec 14, 2024
Investors
Ranked
1st among 50 active competitors
Annual Revenue
₹1,000+ Cr as on Mar 31, 2025
Employee Count
267 as on May 31, 2026
Legal entities associated with Jar
Jar is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
CHANGEJAR TECHNOLOGIES PRIVATE LIMITED CIN: U74999KA2021PTC143459 , India, Active | Jan 23, 2021 | ₹1,000+ Cr (As on Mar 31, 2025) | 267 (As on May 01, 2026) |
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Jar's funding and investors
Jar has raised a total funding of $63.3M over 5 rounds. Its first funding round was on Apr 08, 2021. Its latest funding round was a Series B round on Dec 14, 2024 for $*****. 3 investors participated in its latest round. Jar has 77 institutional investors and 55 angel investors.
Here is the list of recent funding rounds of Jar:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Dec 14, 2024 | 1103561 | Series B | 3670035 | 6508580 | 3871060 | 3351823 |
Aug 18, 2022 | 1922363 | Series B | 4437640 | 6518657 | 6202753 | |
Oct 04, 2021 | 9441147 | Series A | 8107646 | 9981348 |
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Jar's founders and board of directors
Founder? Claim ProfileThe founders of Jar are Nishchay Ag and Misbah Ashraf. Nishchay Babu Arkalgud Gowrishankar and David Bea are the CEOs of Jar.
Here are the details of Jar's key team members:
- Nishchay Ag: Co-Founder & CEO of Jar. They are also an angel investor in 5 startups and serve on the board of 1 company.Contact Info: 1 phone number
- Misbah Ashraf: Co-Founder of Jar and founder of 3 other companies, Marsplay, Cibola and Marsplay. They are also an angel investor in 1 startup and serve on the boards of 3 companies.Contact Info: 1 email address and 1 phone number
- David Bea: Co-CEO of Jar.
Jar's Board of Directors
Jar's board has 3 active members. Rahul Chandra, Nishchay Ag and Misbah Ashraf are part of team.Here is the list of Jar's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 5y 6m | |
Team | - | Current | 5y 6m | |
Investor | Arkam Ventures | Current | 4y 5m |
View details of Jar's Founder profiles and Board Members
Jar's employee count trend
Jar has 267 employees as of May 26. The total employee count is 6.0% more than what it was in May 25. Here is Jar's employee count trend over the years:
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Jar's Competitors and alternates
Top competitors of Jar include FatakPay, Finfinity and GoldMoney. Here is the list of Top 10 competitors of Jar, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Platform providing digital gold savings plans and online gold purchases | $63.3M | 77/100 | ||
2nd | Operator of an application providing instant personal loans and financial services | $6.15M | 60/100 | ||
3rd | Provider of a platform for loans, investments, and wellness products | $4.63M | 60/100 | ||
4th | Bullion trading and vaulting company | $10.6M | 59/100 | ||
5th | Provider of a digital platform for buying, selling, and storing 24K gold | $2.37M | 58/100 | ||
6th | Retailer of gold and silver bullion via online platform | - | - | 58/100 | |
7th |  Twelve Club 2021, Delhi (India), Funding Raised | Provider of marketplace platform for personal loans | - | - | 56/100 |
8th | Platform facilitating digital purchase, sale, storage, and physical conversion of gold | - | - | 49/100 | |
9th | Online alternative investment platform for gold | - | - | 48/100 | |
10th | Alternative investment platform for gold | - | - | 47/100 |
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Jar's Latest cap tables and shareholding
Founders (largest shareholder) own 44.23%, Funds own 34.90%, Enterprises own 2.29% and Angels own 11.43%. The net worth of Jar's founders is INR 830Cr as of Dec 14, 2024.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 44.23% | 830Cr | 3805994 | 5252930 | 9095833 | 4864666 |
2343283 | 4349432 | 1650606 | 1970776 | 2819929 | 4355934 | |
1657114 | 7994128 | 7391994 | 3543480 | 2381114 | 6346272 | |
Fund | 34.90% | 655Cr | 5919990 | 1068039 | 6516725 | 9637136 |
9138505 | 7918198 | 5361534 | 2860203 | 3205966 | 1332540 | |
2906016 | 2293591 | 9260004 | 3438125 | 9984751 | 7850977 | |
74 | 13 | 77 | 77 | 73 | 50 | |
16 | 43 | 40 | 86 | 63 | 69 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Enterprise | 2.29% | 42.9Cr | 41 | 91 | 11 | 88 |
Angel | 11.43% | 214Cr | 8340395 | 4621985 | 3150230 | 1694047 |
2662031 | 2586470 | 8233917 | 7523460 | 7281958 | 9970236 | |
ESOP Pool | 6.99% | 131Cr | 491409 | 941024 | 770800 | 620819 |
Total | 99.84% | 1,870Cr | 9859089 | 4159186 | 5475777 | 9440514 |
To unlock detailed Cap Table of Jar Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Jar's Shareholding
Jar's Investments and acquisitions
Jar has made no investments or acquisitions yet.
Reports related to Jar
Here is the latest report on Jar's sector:
News related to Jar
Filter this listMedia has covered Jar for a total of 5 events in the last 1 year, 2 of them have been about company updates.
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Jar posts Rs 2,448 cr revenue after accounting change, narrows losses by 69% in FY25Moneycontrol•Sep 19, 2025•Jar
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Jar enters UPI payments through BharatPe and Unity BankEntrackr•May 29, 2025•Jar, BharatPe, Unity Small Finance Bank
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Digital gold savings startup Jar searched by Karnataka CID over potential violationsMoneycontrol•Feb 25, 2025•Jar
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