New Delhi: Desi short video sharing app Chingari has raised $ 1.3 million fund. Chingari received this funding in a seed round, which includes investors such as Angelist India, Utsav Somani’s iSeed, Village Global, LogX Venture, and NowFloats’s Jasminder Singh Gulati. This fund will be used mainly for new recruitment and product development. The Spark app is now emphasizing on increasing the reach and consumer engagement of its platform. “We are happy that the investors appreciated our work and decided to follow along on this journey of Chingari.
Utsav Somani of Angelist India said that Sumit and Team Spark have shown how popular a feature of a product is. I have never seen such a thing before. They listen to their users through all the channels so that the best short video content experience can be given for them.
Chingari is the winner of the Self-reliant Innovation Challenge App
Recently, Chingari was also on the list of 24 Indian apps that the central government had chosen for the Innovation Challenge. The government did this challenge to promote mobile applications domestically. Especially for the sector in which Chinese apps have been banned.
NowFloats founder Jasminder Singh Gulati said that the Chingari has moved very fast. It is clear from this that India was always ready to prepare on its own. Gulati further said that the spark has won the self-reliant India Innovation Challenge. We are at a turning point in the adoption of domestic products. By India, for India. Earlier it was delayed, but now no one can deny it.
What is the next preparation for the Chingari?
Chingari CEO Ghosh said that the company is now negotiating with the music labels to complete the music licensing process. Also, celebrities can be contacted and called for their platform.
Chingari has claimed that it has 25 million user base so far and there are around 3 million active users every day. The company said that Spark pays 30 per cent of the revenue it earns from brands to content creators.
