Jar Savings App Reports Rs 208 Crore Operating Revenue in FY25, Achieves Profitability in Consecutive Quarters After Vertical Integration and Expansion

Jar, a Bengaluru-based savings app, reported a significant growth milestone in FY25, achieving an operating revenue of Rs 208 crore for the fiscal year ending March 2025. This growth was driven by the company’s vertical integration of its gold stack, which enabled it to control multiple stages of the gold value chain rather than merely acting as an intermediary. As a result, Jar’s gross revenue surged to Rs 2,450 crore. The startup also reduced its net losses (excluding ESOP costs) to Rs 35.23 crore and recorded full profitability in the last two consecutive quarters, from January to March and April to June 2025 (unaudited). Founded in 2021 by Nishchay AG and Misbah Ashraf, Jar has amassed over 35 million registered users across 12,000 pin codes, with 95% being first-time savers. The platform leverages UPI Autopay to automate daily or weekly savings, allowing contributions as low as Rs 10 per day. In May 2025, Jar entered UPI Third-Party Application Provider services with BharatPe and Unity Small Finance Bank. The company has also expanded into jewellery through its vertical Nek and insurance offerings. With over $60 million raised and a valuation around $325 million, investors include Tiger Global, Arkam Ventures, Tribe Capital, and WEH Ventures, reflecting strong confidence in its scalable fintech model.