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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The three-year-old startup that allows micro-investments in digital gold is struggling to keep users hooked to its core offering. Worse, an attempt at diversification has come to nought
It doesn’t seem that bad a deal. You spend as little as Rs 10 every day through an app. The money gets debited automatically from your bank account and goes towards your investment in gold. This has been the idea that Jar, a Bengaluru-based digital investment startup, has been trying to sell.
It entered the market in 2021, bagged a flurry of investments—it has raised $61.6 million across four rounds from the likes of Tiger Global and Arkam Ventures, among others—and claims to have onboarded around 20 million users. Last month, it even signed a deal with digital payments startup …
Faced with allegations of being a deposit business, the digital gold-focused startup finds itself at a crossroads.
A tangled mess of related party transactions and misstatements have left the fintech’s investors looking for answers and contemplating legal action.
Save now pay later startups are looking to make money by getting young Indians to save up for future expenses, but will the fad last?
