IANS
Indian app Chingari has raised funding from Tinder CPO (chief product offier) Brian Norgard CPO and OLX co-founder Fabrice Grinda. Chingari is a short-video-sharing platform.
The company did not disclose the amount it raised.
The announcement comes within couple of weeks of it announcing the raising of $1.3 million in a seed round led by AngelList India, Utsav Somanis iSeed, Village Global, LogX Ventures, and Jasminder Singh Gulati of NowFloats.
“We are humbled that globally acclaimed entrepreneurs like Brian Norgard and Fabrice Grinda loved the vision of the Chingari team and invested into what we are building,” Sumit Ghosh, co-founder and CEO of Chingari, said in a statement.
Norgard has earlier invested in startups like SpaceX, Lyft, and NotionHQ, among others.
Similarly, Grinda has more than 200 investments in several big firms around the world, including Alibaba Group, Airbnb, Beepi, FanDuel, Palantir, and Windeln.
“We’ve been impressed with the way Chingari has grown organically and in a very capital efficient manner so far,” said Grinda.
The funding comes days after Chingari won the #AtmaNirbharApp Challenge, a contest organized by the Indian government.
The officials of the Indian app that has more than 25 million downloads said that the funds would be utilized mostly on product development and hiring a talented engineering team of machine learning/artificial intelligence to enhance the camera features.
Chingari allows its users to download and upload videos, chat with friends, interact with new people, share content, browse through feed, and more. A Chingari user can get creative with WhatsApp status, videos, audio clips, GIF stickers, and photos.
Besides English and Hindi, the app can be used in multiple Indian languages such as Bengali, Gujarati, Marathi, Kannada, Punjabi, Malayalam, Tamil, and Telugu.
Several new digital startups have attracted the attention of investors in the recent months.
Indian short-form video app Mitron Tuesday announced it had raised $5 million led by Nexus Venture Partners in a new funding round
Lifestyle community commerce platform Trell Monday announced a $11.4 million Series A round funding led by KTB Network and Samsung Ventures, among others.
