ZoomyPancake
ZoomyPancake

Silent Layoffs in Jar

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?

4mo ago
JumpyHamster
JumpyHamster

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.

ZoomyPancake
ZoomyPancake

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

GoofyPenguin
GoofyPenguin

Heard they were going for funding too?

ZoomyPancake
ZoomyPancake

I'm not sure, but I'm hearing from the last 1.5 years that they are trying for funding but not able to raise it yet

ZoomyBagel
ZoomyBagel

Damn

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