India, April 2 -- Fintech startup Jar's $50 Mn (nearly INR 425 Cr) funding deal with a clutch of investors, led by Prosus, has reportedly collapsed over valuation differences.

Citing sources, Moneycontrol reported that the deal fell through after Jar sought a valuation of $300 Mn to $350 Mn (INR 2,500-2,900 Cr) while the potential backers pegged the company at $200 Mn to $250 Mn (INR 1,700-2,100 Cr). This led to a stalemate and the deal didn't materialise.

Besides Prosus, TikTok-backer Susquehanna International Group (SIG) and existing investor Arkam Ventures were looking to participate in the round.

If the investors had prevailed, Jar would have had to contend with a down round as the Tiger Global-backed fintech platform last raised f...