Misbah Ashraf net worth: How a boy from Bihar built a company worth Rs 2000 crore in just 12 months

Misbah Ashraf Jar Success Story: In the world of business and startup, you must have heard the story of many startups, but today we have brought for you such a success story, which despite failing many times in life, today has achieved a turnover of Rs 2000 crore. The company has been formed.

We are talking about Misbah Ashraf, a resident of Bihar, who started a fintech startup named ‘Jar’ and today his ‘Jar‘ company is famous all over India as well as the whole world. Let me also tell you that with the help of this Startup, today everyone is able to know the name of Misbah Ashraf.

In today’s article we will know Jar Success Story, how Misbah started Jar and how he has achieved success today.

Who is Misbah Ashraf?

Misbah Ashraf is a resident of Nalanda district of Bihar state of India who belonged to a middle class family. His father was an ordinary teacher in a school, or his mother was a housewife. Coming from a middle-class family, Misbah Ashraf started working to earn money at an early age.

But Misbah knew from a young age that he would get his success only through business. Later, Misbah also joined college, but due to lack of interest there, he dropped out from college and started a business called Social Payment Venture Cibola with a friend of his from IIT Delhi.

Failed in the beginning

This payment venture business of Misbah did not do very well, due to which he decided to close this business. After this, Misbah started her second business in the year 2017, which was a beauty and fashion platform, she named this startup ‘Marsplay’.

Marsplay startup had also received two rounds of funding from investors and their business was doing quite well, but during the Corona epidemic, Misbah suffered huge losses in this business. Due to which he had to sell ‘Marsplay’ Startup to FOXY Company.

Jar made him a hero

Despite not getting success in his first two startups in 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

Within 12 months of starting Jar in the year 2021, Misbah had made his fintech startup a startup worth more than Rs 2000 crore, and this is the reason why today the whole world knows the name of ‘Jar’.

At present, more than 11 million people have registered themselves on the ‘Jar’ application, and in the very first year of its business, ‘Jar’ had received an investment of 226 million dollars from foreign investors and till now it The company has received an investment of $58 million from investors.

Due to which today the value of Misbah’s ‘Jar’ Startup has reached more than Rs 2000 crore. Today Misbah has achieved success because he did not give up after failure and stuck to his goal of doing business.

We hope that this article has given you information about Jar Success Story, share this article with your friends so that they can also know about Jar Success Story.

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