Chingari raises $19m in token funding to launch its GARI token and expand product capabilities.
The token funding round was backed by investors including RepublicCrypto, Solana Capital, and Kraken.
≈ £13.8M at $1 = £0.7280 on 18 Oct 2021
Chingari operates a short-form video application in India that provides entertainment content across multiple languages, news updates, and e-commerce features.
Chingari has secured $19m in token funding from a range of venture funds and individual investors, including RepublicCrypto, Solana Capital, and Kraken. The capital injection follows substantial growth that positions the platform as a major media application in the region.
The company will direct the proceeds toward product development, expanding creator monetisation avenues, and launching its new GARI token, which operates on the Solana blockchain.
Use of funds
- 01Continue product development