Chingari, a Bengaluru-based local short video-sharing app, announced that it has attracted a funding of $1.3 million in a seed round.
Investors that participated in the funding round include AngelList India, Utsav Somani’s iSeed, Village Global, LogX Ventures, and Jasminder Singh Gulati of NowFloats, said a statement from Chingari.
The company plans to use the funds raised to hire more talent to accelerate product development, ramp up the platform and make it more engaging and consumer focused, and engage a larger consumer base by offering a seamless short video entertainment experience.
“We are happy to have amazing investors like AngelList India, Utsav Somanis iSeed, Village Global and its amazing network of entrepreneurs and global leaders, LogX Ventures and some reputed angels,” co-founder and CEO of Chingari App Sumit Ghosh said. “We’re delighted that investors saw the immense potential in our vision and chose to join the Chingari journey,” he said.
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