Gold savings startup Jar raises $4.5 M from Arkam Ventures, Tribe Capital

Bengaluru-based Jar, a six-month-old savings platform that lets users invest in gold, has raised USD 4.5 million led by Arkam Ventures in its first institutional funding. Silicon Valley-based early-stage fund Tribe Capital and WEH Ventures have also joined the round as new investors besides angel investors like Cred founder Kunal Shah, former Uber CPO Manik Gupta, Shaan Puri, formerly with Twitch, and others. The startup plans to expand its offerings beyond gold. The funds will be used to grow the team and build more products.