Exhibit 4.1


 


	NUMBER	UNITS
	U-	 


 


SEE REVERSE FOR CERTAIN DEFINITIONS


CUSIP [•]


Jaguar
Global Growth Corporation I


 


UNITS CONSISTING OF ONE CLASS A ORDINARY SHARE
AND ONE-HALF OF ONE

 REDEEMABLE WARRANT,


EACH WHOLE WARRANT ENTITLING THE HOLDER TO PURCHASE
ONE CLASS A ORDINARY 

SHARE


 


THIS CERTIFIES THAT         is the
owner of         Units of Jaguar Global Growth Corporation I, a Cayman Islands exempted company (the “Company”), transferrable
on the books of the Company in person or by duly authorized attorney upon surrender of this certificate properly endorsed.


 


Each Unit (“Unit”)
consists of one (1) Class A ordinary share, par value $0.0001 per share (“Ordinary Share”), of the Company and
one-half of one redeemable warrant (each whole warrant, a “Warrant”). Each whole Warrant entitles the holder
to purchase one Ordinary Share (subject to adjustment) for $11.50 per share (subject to adjustment). Each Warrant will become exercisable
thirty (30) days after the Company’s completion of a merger, share exchange, asset acquisition, share purchase, reorganization or
other similar business combination with one or more businesses (each a “Business Combination”) and will expire
unless exercised before 5:00 p.m., New York City Time, on the date that is five (5) years after the date on which the Company completes
its initial Business Combination, or earlier upon redemption or liquidation (the “Expiration Date”). The Ordinary
Shares and Warrants comprising the Units represented by this certificate are not transferable prior to         , 2021, unless representatives
of the underwriters permit earlier separate trading, subject to the Company’s filing of a Current Report on Form 8-K with the Securities
and Exchange Commission containing an audited balance sheet reflecting the Company’s receipt of the gross proceeds of the Company’s
initial public offering and issuing a press release announcing when separate trading will begin. No fractional Warrants will be issued
upon separation of the Units. The terms of the Warrants are governed by a Warrant Agreement, dated as of         , 2021 (the “Warrant
Agreement”), between the Company and Continental Stock Transfer & Trust Company, as Warrant Agent, and are subject to
the terms and provisions contained therein, all of which terms and provisions the holder of this certificate consents to by acceptance
hereof. Copies of the Warrant Agreement are on file at the office of the Warrant Agent at 1 State Street, 30th Floor, New York, New York
10004, and are available to any Warrant holder on written request and without cost.


 


This certificate is not valid unless
countersigned by the Transfer Agent and registered by the Registrar of the Company.


 


This certificate shall be governed by
and construed in accordance with the internal laws of the State of New York.


 


Witness the facsimile signature
of a duly authorized signatory of the Company.


  


	 	 
	 	Authorized Signatory  



 


	 	 
	 	Transfer Agent



  






     


     


    

 


Jaguar Global Growth Corporation I


 


The Company will furnish without
charge to each unitholder who so requests, a statement of the powers, designations, preferences and relative, participating, optional
or other special rights of each class of equity or series thereof of the Company and the qualifications, limitations, or restrictions
of such preferences and/or rights.


 


The following abbreviations,
when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to
applicable laws or regulations:


 


	TEN COM	— 	as tenants in common	 	UNIF GIFT MIN ACT	— 	__________ Custodian __________
	 	 	 	 	 	 	(Cust)                               (Minor)
	TEN ENT	—	as tenants by the entireties	 	 	 	 
	 	 	 	 	 	 	Under Uniform Gifts to Minors Act
	JT TEN	—	as joint tenants with right

 of survivorship and not as 

tenants in common	 	 	 	
    ______________________________

    (State)



  


Additional abbreviations may also be used though
not in the above list.


 


For value received,                                 hereby sell, assign and
transfer unto


 


(PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING
NUMBER OF ASSIGNEE)


 


(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING
ZIP CODE, OF ASSIGNEE)


 


Units represented by the within certificate,
and do hereby irrevocably constitute and appoint Attorney to transfer the said Units on the books of the within named Company with full
power of substitution in the premises.


 


Dated 


	 	 	 
	 	Notice: 	The signature to this assignment must correspond with the name as written upon the face of the certificate in every particular, without alteration or enlargement or any change whatever.


 


	
    Signature(s) Guaranteed:

    
	 
	 	 
	 	 
	THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR
    INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE
    MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15 UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED (OR ANY SUCCESSOR
    RULE)).	 


 


As more fully described
in, and subject to the terms and conditions described in, the Company’s final prospectus for its initial public offering
dated                  the holder(s) of this
certificate shall be entitled to receive a pro-rata portion of certain funds held in the trust account established in connection
with the Company’s initial public offering in the event that (i) the Company redeems the Ordinary Shares sold in its initial
public offering and liquidates because it does not consummate an initial Business Combination within the time period set forth in
the Company’s Amended and Restated Memorandum and Articles of Association, as the same may be amended from time to time, or
(ii) if the holder(s) properly redeem for cash his, her or its respective Ordinary Shares included in the Units represented by this
certificate in connection with (x) a tender offer (or proxy solicitation, solely in the event the Company seeks shareholder approval
of the proposed initial Business Combination) setting forth the details of a proposed initial Business Combination or (y) a
shareholder vote to amend the Company’s Amended and Restated Memorandum and Articles of Association (A) to modify the
substance or timing of the Company’s obligation to allow redemption in connection with the Company’s initial business
combination or to redeem 100% of the Ordinary Shares if it does not consummate an initial Business Combination within the time set
forth in the Company’s Amended and Restated Memorandum and Articles of Association, as the same may be amended from time to
time or (B) with respect to any other provision relating to the rights of holders of Ordinary Shares. In no other circumstances
shall the holder(s) have any right or interest of any kind in or to the trust account.