HomeNEWS$15 million funding investment raised by Chingari

$15 million funding investment raised by Chingari


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Chingari has, according to reports gathered $15 million funding investment. The firm, is however based in India. It has been a competitive industry to Tiktok. This firm indulges in short video services. Similarly, the startups token, identified as GARI was put on the exchange market last tuesday. GARI, according to reports is one of the robust investment of Okex in Chingari. More so, about five other crypto will have their token listed.

To begin with, OKex is best described as one of the most eminent crypto platforms in the World. The company had overtime subscribed and invested in Chingari. However, the video oriented firm has now reportedly raised a whooping $15 million funding investment.

$15 million funding investment: How Okex aided Chingari

First and Foremost, a platform, identified as republic capital spearheaded the extensive funding for Chingari. Onmobile, Hill Harbour, Venture Catalysts, JPIN amidst others similarly imitated this gesture. The Indian video platform, consequently gathered a total funds of $28 million. Okex, however invested an undisclosed fund into Chingari.

According to Chingari, the newly raised funds shall advance the app technology, install new updates and enhance the artificious intelligence. It will also be instrumental in creating a suitable machine learning space and develop its staffs. The fund capital will aid the marketing techniques of the company in a bid to widen the services of the platform in other cities in the country.

Chingari’s Gari to run on other exchange platforms

Recall that Chingari had, in April 2021 revealed that it galvanized a total of $13 million in a pre-series A. Onmobile, according to reports masterminded this series. However, the current development covers the intention to introduce the platform live streaming, audio chats and socio-commerce features. This, according to the company will consequently assist subscribers of the platform to engage their viewers without any hitch. It will also aid the collaboration of various companies and their creators.
Recently, the Indian based Chingari gathered $19 million digital oriented tokens. Ventures like Solana Capital, Crypto exchange kraken amidst others relayed this token. In a release made available to CryptoPotato, Okex placed GARI on its platform last tuesday.

The Chingari’s crypto is, however expected to be on other five worldwide exchange applications. They are FRX, Huobi, Kucoin, GateIO, MERC Global. This development helps enhance crypto economy through allowing her subscribers to acquire GARI tokens. This is achieved through watching or devising visual contents on the app. By so doing, Chingari is now amidst the list of social media platforms that have invested in the digital world.

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Oluwapelumi Adejumo
Oluwapelumi Adejumo
Oluwapelumi believes blockchain technology have the potential to change the world for the better.

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