Great news for Indian fintech enthusiasts! Jar, a startup backed by Tiger Global, has officially turned cash flow positive, marking a significant milestone in its journey. This achievement comes as the company prepares to expand its services even further.

Launched just three years ago, Jar has been making waves by helping users kickstart their savings and investment plans. Despite its young age, the startup has seen massive growth—over 10 times last year alone—and has managed to hit profitability while scaling up.

The move toward financial stability is part of a broader trend among Indian startups, many of which are tightening their belts and improving their bottom lines to prepare for potential IPOs. Jar isn’t just stopping at savings and investments, though. Over the past year and a half, it’s rolled out new ventures, including lending services and an online jewelry platform called Nek, which is already raking in around $13 million in annual sales.

Rumors are also swirling that Jar is in talks to secure up to $50 million in fresh funding, though the company has stayed tight-lipped about these discussions. As it continues to innovate and grow, Jar is proving to be one to watch in the competitive fintech space.

What’s next for this rising star? Only time will tell, but one thing’s for sure: Jar’s journey is just getting started.