Dubai Panthera Capital and consortium invest $22 million in Indian startups

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

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

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

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

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day work:
Amazon is hiring a Senior Venture Capital, Business Development Manager based in Dubai See more

What we are reading:
Read here for the Forbes interview Muna Abu Suleiman: From Fashion Startups, Venture Capital, Metaverse, AI, to Philanthropy.



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