Overview

• Jar reported operating revenue of ₹208 crore and total revenue of ₹2,450 crore for FY25, with losses excluding ESOP at ₹35.23 crore, and said total revenue includes digital gold transactions, Nek jewelry sales, and third‑party distribution fees.
• The company said it was profitable after tax in the January–March and April–June 2025 quarters.
• Registered users have surpassed 35 million across 12,000 pin codes, and the company says more than 95% are saving formally for the first time.
• Jar has built an in‑house stack to purchase, store, and manage gold, with BDO as statutory auditor and Brinks as custody partner, and it expanded payments through UPI integrations with partners including PhonePe, BharatPe, and Unity Small Finance Bank.
• Nek, Jar’s drop‑ship jewelry platform, serves over 8,000 zip codes and crossed ₹1,000 crore in annual revenue last year, while sources say investment bankers are engaging the startup on a possible IPO next year, a plan the company has not confirmed.