Jar’s $50 Mn Funding Deal Falls Through Over Valuation Mismatch

While Jar sought a valuation of $300 Mn to $350 Mn, the potential backers pegged the company at $200 Mn to $250 Mn

Besides Prosus, TikTok-backer Susquehanna International Group (SIG) and existing investor Arkam Ventures were looking to participate in the round

Another bone of contention was the startup cofounders, Nishchay Ag and Misbah Ashraf, looking to sell some of their shares through secondary transactions

Fintech startup Jar’s $50 Mn (nearly INR 425 Cr) funding deal with a clutch of investors, led by Prosus,…