Heard from a few employees in Jar that they are reducing their headcount silently and asking employees to move out. They recently lost their biggest NBFC partner Appollo, is Jar facing financial issues?
They are very well funded and have enough capital. Look at entrackr number.
Growtt may have stagnated which is shown by their bet on new product nek.
Well they only got around $8 millions only and looking at current structure and revenue i.e equivalent to 12 months of runaway
So I'll say they are not well funded anymore
Damn
I got some friends at Jar and got to know in their lending business their only nbfc partner has backed out and for sure they are gonna cut cost, got my other friends offer revoked in tech, product managers are leaving and now even the fu...
Is this true?
Their consumer lending app has been pretty much shut for a while and tough competition fused with frequent management diktats seems to indicate that this might be true.
Hearing rumours that they are raising more money while the culture keeps detonating, many are fired and many have left with no product roadmap clarity
