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Short-Video App Chingari Raises $19 Million In Crypto Funding

Oct 08, 2021•almost 4 years ago

Amount Raised

$19 Million

Mumbai

Description

Mumbai: Chingari, a short-video sharing platform, has raised $19 million in crypto tokens from over two dozen venture funds and individuals, including RepublicCrypto, Solana Capital and Kraken, a US-based cryptocurrency exchange.

Company Information

Company

Chingari

Location

Mumbai, Maharashtra, India

About

The funds consist of stablecoins, USDC and Tether, the company said. The company will also use the funds to launch and grow creator monetisation avenues within the app through Web 3.0 tools.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech