Indian Fintech Jar Achieves Cash Flow Positive Status

Indian Fintech Jar Achieves Cash Flow Positive Status
Indian fintech startup Jar has confirmed it has turned cash flow positive, marking a significant milestone as it prepares to enhance its offerings. The company, backed by Tiger Global, reported over 10 times growth last year while expanding its services to include lending and online jewelry sales. Jar's jewelry division, Nek, is generating annualized sales of approximately $13 million. As many Indian startups strive for financial stability ahead of potential IPOs, Jar is also in discussions to raise up to $50 million in a new funding round.