Homegrown social app Chingari, a short video sharing platform to cater to the needs of young Bharat, has raised an undisclosed amount of funding from Brian Norgard, the Chief Product Officer of Tinder; French entrepreneur Fabrice Grinda, Founder of OLX; and tech entrepreneur Guy Lelouch.
A respected and savvy investor, Brian has earlier invested in startups like SpaceX, Lyft, and NotionHQ, among others. Similarly, Fabrice, hailed among benefactors as a super angel investor, has more than 200 investments in various large-hearted firms various regions of the world, including Alibaba Group, Airbnb, Beepi, FanDuel, Palantir, and Windeln.
Sumit Ghosh, Co-founder and CEO of Chingari app, said,
” We are humbled that globally acclaimed financiers like Brian Norgard and Fabrice Grinda cherished the dream of the Chingari team and invested in what we are building. We are absolutely delighted to have them onboard the Chingari rocket ship and look forward to learning from them the artwork of construct and scaling world commodity corporations .”
Sumit Ghosh, Co-founder and CEO, Chingari app
Also Read[ Funding alert] TikTok rival Chingari heightens $1.3 M in seed fund
Fabrice Grinda lent,” We’ve been excited with the mode Chingari has grown organically and in a extremely capital-efficient manner so far. Chingari has been able to make its way into the hearts of the Indian parties and the team is sending ameliorates at the accelerate like nothing we have seen so far. We are incredibly roused to partner with the team at Chingari .”
The funding comes just a few days after Chingari won the # AtmaNirbharApp Challenge, the first-of-its-kind contest organised by the Government of India. Chingari was elected as the best app in the social media category.
The officials of the desi app, with more than 25 million downloads, have stated that the funds will be used chiefly for produce growing and hiring a talented squad of ML/ AI operators to enhance the camera features.
Chingari allows its customers to download and upload videos, chat with friends, interact with new people, share content, browse through feed, and much more. A Chingari user can get artistic with WhatsApp status, Videos, Audio excerpts, GIF stickers, and photos, and become popular. The stage grants sites( on per-view basis) to the content of the report builders and these points is likely to be exchanged for fund, spawning the scaffold genuinely rewarding.
Chingari — available in multiple Indian conversations like English, Hindi, Bangla, Gujarati, Marathi, Kannada, Punjabi, Malayalam, Tamil, and Telugu — can be downloaded for free on all app stores such as Google Play Store and iOS App Store.
This month, the app has also conjured a funding of $1.3 millionin a seed round led by venture capitalists, including AngelList India, Utsav Somani& apos; s iSeed, Village Global, LogX Ventures, and Jasminder Singh Gulati of NowFloats.
( Edited by Teja Lele Desai)
Want to reach your startup pilgrimage smooth? YS Education creates a comprehensive Fund Course, where you also get a chance to pitch your business plan to top investors. Click here to know more.
Read more: yourstory.com
Recent Comments