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TechCrunch Daily Crunch

Daily Crunch 5/28/22

TechCrunch Daily Crunch

SpokenLayer

News, Tech News, Technology

3.849 Ratings

🗓️ 28 May 2022

⏱️ 4 minutes

🧾️ Download transcript

Summary

Indian fintech Jar eyes $50 million investment; Manish Maheshwari, former Twitter India head, leaves new startup; Snapchat rolls out new ‘Shared Stories’ feature to make it easier to share memories Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

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0:07.0

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0:44.9

station dot com code tech news this is tech crunch

0:52.0

here's your daily crunch. Coming up, Indian FinTech jar is eyeing a 50 million dollar investment.

1:01.0

Manish Mahishreri, the former Twitter Indiahead, is leaving a new startup,

1:06.4

and Snapchat is rolling out a new shared stories feature to make it easier to share memories.

1:12.4

Indian FinTech JAR, which closed the $32 million financing round in February,

1:17.0

is in talks to raise new funding as it looks to scale its product and expand its offerings.

1:22.0

The Bengaluru headquartered startup is engaging with several

1:25.6

investors to raise about $50 million at a $350 million valuation. Tiger Global and

1:32.4

existing Bakker of JAR is positioned to lead dollar valuation. Tiger Global and existing

1:33.0

backer of JAR is positioned to lead the one-year-old startup

1:36.3

Series B funding. Follious ventures and Paramark are also

1:40.2

engaging to invest in the new round. JAR, which operates an eponymous app, is helping millions begin their investment and saving journeys.

1:48.0

Next, Manish Mahishvary, the former head of Twitter India, is leaving the startup he co-founded just six months ago.

1:55.8

I am moving out of Invact to first take a break for a few months and then pursue new opportunities.

...

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