Dubai Panthera Capital and consortium invested $22 million in Indian startup

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Dubai investment firm Panthera Capital and a consortium has acquired stake in Jar, an Indian fintech firm for $22 million.

Launched in 2021 and based in Bangalore, Jar is an investment tech startup that allows users to save money by taking spare change from online transactions and investing it in digital gold automatically. (Panthera Capital Investments is a VC and PE firm based in Dubai. It is the investment subsidiary of Fujairah Holding.)

Panthera Capital Ventures is listed in the Middle East Investors Directory with the code SE15.

What we like about the deal:
The company is launched in Covid days in June 2021 serving over 9 million customers with an average of 220,000 daily transactions. More details here.

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Go to Publisher: DubaiBeat
Author: DubaiBeat