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 will likely be used to rent extra expertise to speed up product growth, ramp up the platform and make it extra partaking and shopper focussed, and interact a bigger shopper, the corporate stated in an announcement on Sunday.
“We’re delighted that traders noticed the immense potential in our imaginative and prescient and selected to affix the Chingari journey,” stated Sumit Ghosh, Co-founder and CEO, Chingari App.
Chingari stated it has a 25-million robust person base and data greater than three million lively day by day customers.
The homegrown social app claimed that it pays its content material creators a 30 per cent minimize in what it makes from manufacturers and ensures transparency and knowledge privateness.
Chingari not too long ago emerged as the highest winner within the “Social” class of “AatmaNirbhar Bharat App Innovation Problem” which was launched by Prime Minister Narendra Modi on July four with the purpose of showcasing India as one of many main app growing nations globally.
“Sumit and workforce Chingari have proven easy methods to ship product options at a tempo that I’ve not come throughout earlier than,” Utsav Somani, Companion, AngelList India, stated in an announcement.
“They’ve their ears to the bottom, listening to customers and are partaking with them on all channels to translate that into the perfect quick video content material expertise for Bharat’s demanding customers.”
A Chingari person can obtain and add movies, chat with mates, work together with new folks, 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 images, and grow to be fashionable.
Apart from 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 at the moment are bracing the problem of growing globally aggressive apps.
World tech giants additionally seem to have taken observe of the immense potential of the home app growth ecosystem.
Based on a brand new report, Microsoft is planning to take a position about $100 million within the home-grown regional language social media app ShareChat which already counts Twitter as one in every of its traders.