Desi App Chingari Raises Nearly Rs 10 Crore In Seed Funding

New Delhi: Homegrown quick video-sharing app Chingari which got here into prominence as a TikTok different amid anti-China sentiment within the nation has raised 1.three million (round Rs 10 crore) in a seed spherical led by AngelList India, Utsav Somanis iSeed, Village World, LogX Ventures, and Jasminder Singh Gulati of NowFloats.

The funding can be used to rent extra expertise to speed up product growth, ramp up the platform and make it extra participating and shopper focussed, and have interaction a bigger shopper, the corporate stated in an announcement on Sunday.

“We’re delighted that investors saw the immense potential in our vision and chose to join the Chingari journey,” stated Sumit Ghosh, Co-founder and CEO, Chingari App.

Chingari stated it has a 25-million sturdy person base and data greater than three million lively every day customers.

The homegrown social app claimed that it pays its content material creators a 30 per cent reduce in what it makes from manufacturers and ensures transparency and knowledge privateness.

Chingari just lately emerged as the highest winner within the “Social” class of “AatmaNirbhar Bharat App Innovation Challenge” which was launched by Prime Minister Narendra Modi on July four with the intention of showcasing India as one of many main app creating international locations globally.

“Sumit and team Chingari have shown how to ship product features at a pace that I have not come across before,” Utsav Somani, Associate, AngelList India, stated in an announcement.

“They have their ears to the ground, listening to users and are engaging with them on all channels to translate that into the best short video content experience for Bharat’s demanding users.”

A Chingari person can obtain and add movies, chat with mates, work together with new individuals, share content material, and flick through feed, amongst different issues.

Chingari additionally permits its customers to get artistic with WhatsApp standing, movies, audio clips, GIF stickers, and pictures, and grow to be common.

In addition to English and Hindi, the app can be utilized in a number of Indian languages like Bengali, Gujarati, Marathi, Kannada, Punjabi, Malayalam, Tamil, and Telugu.

The AatmaNirbhar Bharat App Innovation Problem confirmed that many Indian app builders are actually bracing the problem of creating globally aggressive apps.

World tech giants additionally seem to have taken notice of the immense potential of the home app growth ecosystem.

In response to a brand new report, Microsoft is planning to speculate about $100 million within the home-grown regional language social media app ShareChat which already counts Twitter as one in all its traders.


Extra Associated Tales:

Chingari App Co-developed By Odisha Techie Luggage High Award In AatmaNirbhar Bharat App Hackathon

Chingari App Crosses 23 Million Downloads, Declares Rs 1 Crore Prize For Content material Creators

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