Jar in talks to raise $100 Mn led by Westbridge

Bengaluru based fintech startup Jar is in advanced discussions to raise over $100 million in a new funding round led by Westbridge, according to three sources aware of the details of the transaction.

“The discussions are at an advanced stage and the company has received a term sheet which will value Jar in the range of $500-550 million,” said one of the sources requesting anonymity. “Kotak Investment Banking has been appointed as the banker for the transaction.”

The proposed fundraise comes on the back of a strong financial performance by the…