Jar Success Story: In the world of business and startups, you must have heard the stories of many startups, but today we have brought such a success story for you, which despite failing many times in life, has made a company worth Rs 2000 crores today.
We are talking about Misbah Ashraf, a resident of Bihar, who started a fintech startup named ‘Jar’ and today his ‘Jar’ company is famous all over India as well as the world. Also, let me tell you that with the help of this startup, today everyone is able to know the name of Misbah Ashraf.
In today’s article, we will know the Jar Success Story, how Misbah started Jar and how he has achieved success today.
Who is Misbah Ashraf?
Misbah Ashraf is a resident of Nalanda district of Bihar state of India, who belonged to a middle class family. His father was an ordinary teacher in a school and his mother was a housewife. Coming from a middle class family, Misbah Ashraf started working at an early age to earn money.
But Misbah knew from an early age that he would get success only through business. Later Misbah also joined college, but due to lack of interest there, he dropped out of college and started a business named Social Payment Venture Cibola with a friend of his from IIT Delhi.
Jar Success Story
| Startup Name | Jar |
| Founder | Misbah Ashraf |
| Homeplace | Nalanda, Bihar, India |
| Net Worth | 165 Crore |
| Official Website | https://myjar.app/ |
Failed in the beginning
Misbah’s payment venture business did not go very well, due to which he decided to close this business there itself. After this, Misbah started his second business in the year 2017 which was a beauty and fashion platform, he named this startup ‘Marsplay’.
Marsplay startup also got funding from investors in two rounds and his business was going very well, but during the Corona epidemic, Misbah suffered a lot in this business. Due to which he had to sell this ‘Marsplay’ startup to FOXY company.
Jar made him a hero
Despite not getting success in his first two startups of life, Misbah never gave up and kept moving forward. After which in the year 2021, he started a startup named ‘Jar’ in Bengaluru. Jar is a kind of fintech startup, which provides financial facilities to the people and this Jar has made Misbah a hero today.
Let us also tell you that Misbah’s name is also in the list of “Forbes 30 Under 30” of the year 2023 and he is the only person from the state of Bihar who has been included in this list of Forbes.
Built a company worth Rs 2000 crore in just 12 months
Within 12 months of starting Jar in the year 2021, Misbah had made this fintech startup a startup worth more than Rs 2000 crore, and this is the reason why today the whole world knows the name of ‘Jar’.
At this time, more than 11 million people have registered themselves on the ‘Jar’ application, along with this, in the very first year of its business, ‘Jar’ received an investment of $ 226 million from foreign investors and so far this company has received an investment of $ 58 million from investors.
Due to which today the value of Misbah’s ‘Jar’ Startup has exceeded Rs 2000 crore. Today Misbah has got success because he did not give up after failure and remained focused on his goal of doing business.
We hope that from this article you have got information about Jar Success Story, share this article with your friends too so that they can also know about Jar Success Story.
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