Chingari Raises $13 Million in its Latest Funding Round
Bengaluru: Video-focused social media platform Chingari has raised $13 million (Rs 95 crore) in its latest round of funding led by OnMobile Global.
The platform is operated by Tech4Billion Media.
Others in this round include Republic Labs US, Astarc Ventures, White Star Capital, JPIN Venture Catalysts, ProfitBoard Ventures, and some UK-based large family office funds.
“We are thrilled to have Krish Seshadri (CEO of OnMobile) join our board at Chingari. His vast experience on various products like Facebook and Zynga adds great value,” said Aditya Kothari, co-founder, and chief strategy officer of Chingari.
As part of the deal, OnMobile will integrate its ONMO gaming platform into the Chingari app and collaborate on other product integrations.
“ONMO gaming’s short-format challenges and Chingari’s short-form videos complement each other well,” said Seshadri.
Chingari – set up in 2019 – says users on its platform can create and share their WhatsApp status updates, as well as audio and video clips, GIF stickers, and photos. The services are available in several languages including Gujarati, Marathi, Kannada, and Punjabi.
