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Indian fintech Jar has turned cash - flow positively charged , an executive director at the Tiger Global - back up startup confirmed on Wednesday .
The3 - yr - old startup , which offers deliverance and investment services to consumer , reach the milepost while still produce by more than 10 prison term last year , according to an investor note seen by TechCrunch .
The profitableness get-up-and-go add up as many tight - growing Indian startup are improving their financials and shaving down expenses tobecome quick for IPOs .
Jar has expanded its offerings in the past class and a half , adding lending and online jewellery gross revenue to its line . Its jewelry business , called Nek , is seeing annualized sales of about $ 13 million each year , according to the investor tone .
The raw offerings come in at a sentence when the Bengaluru - headquartered startup is in talks toraise as much as $ 50 millionin a raw round of funding , according to Indian newspaper Economic Times .
Jar turn down to notice on the fundraising talks .
