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Investment

Short video platform Chingari raises $1.3 mn in seed funding

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 […]

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Press Release

Reliance Industries acquires majority stake in Nowfloats

Reliance Strategic Business Ventures Limited (“RSBVL”), a wholly-owned subsidiary of Reliance Industries Limited (“RIL” or the “Company”) has acquired equity shares of NowFloats Technologies Pvt. Ltd. (“Nowfloats”) for a cash consideration of Rs 141,63,78,822 (Indian Rupees one hundred forty one crore sixty three lakh seventy eight thousand eight hundred twenty two only). The said investment […]