Jar Sucess Story: See the whole account of how a Bihari child founded a business valued at Rs. 2000 crore in just a year and a half!

Jar Sucess Story: You’ve probably heard the tales of several companies in the business and startup worlds, but now we’ve got one for you that, in spite of numerous setbacks along the way, has managed to earn a profit of Rs. 2000 crore. The business has been established.

We are speaking of Misbah Ashraf, a Bihar citizen who founded the finance firm “Jar,” which is now well-known throughout India and the rest of the globe. Furthermore, let me add that Misbah Ashraf’s name is now known to everybody thanks to this startup.

The Jar Success Story, how Misbah founded Jar, and his current level of success will all be covered in today’s essay.

Who is Misbah Ashraf?: Jar Success Story

Misbah Ashraf was raised in a middle-class household and currently resides in the Nalanda district of the Indian state of Bihar. Either his mother was a stay-at-home mom, or his father worked as a regular school teacher. Misbah Ashraf was raised in a middle-class home and began working as a young child to supplement her income.

However, Misbah understood from an early age that he would only succeed in business. Subsequently, Misbah enrolled in college as well, but he left early owing to disinterest and partnered with an IIT Delhi buddy to launch Social Payment Venture Cibola.

Failed in the beginning: Jar Success Story

Misbah’s payment venture firm did not perform well, thus he made the decision to close it. Following this, Misbah launched a second company in 2017 called “Marsplay,” which was a platform for fashion and cosmetics.

The Marsplay enterprise was thriving and had secured two rounds of investment from investors; yet, Misbah experienced significant losses in this venture because to the Corona pandemic. That’s why he had to sell ‘Marsplay’ Startup to FOXY Company.

Jar Made Him a Hero

Despite not getting success in his first two startups of his 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.

Company worth Rs 2000 crore created in just 12 months

When Misbah founded Jar in 2021, he did it in less than a year, and because to his success, the financial firm is currently valued over Rs 2000 crore, and its name is well-known worldwide.

Currently, the ‘Jar‘ application has over 11 million registered users. In the first year of its operation, ‘Jar‘ received an investment of $226 million from foreign investors, and up to this point, the company has received $58 million in investments.

Because of this, the current valuation of Misbah’s “Jar” Startup exceeds Rs 2000 crore. Misbah has succeeded now because he persevered through setbacks and committed to his business objective.

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