The leading Indian short video app Chingari collects $ 19 million to complete your Solana-based token

The leading Indian short video app Chingari collects $ 19 million to complete your Solana-based token

One of the largest platforms for sharing short videos in India-Chingari-successfully collected $ 19 million from investors such as Kraken, Alameda Capital, Galaxy Digital and others. The company wants to bring its own token onto the market, enter the NFT world and open up the Solana blockchain.

Chingari collects $ 19 million $

The divided press release Kryptoctok potato explained that in addition to the investors mentioned above, which took part in the fund round, also Republic Crypto, LD Capital, Solana Capital, Valor Equity Partners and Blackpine were other prominent names.

The company intends to use the significant amount for the growth of its existing products and the development of new products. Chingari was massively revised last year after the Tikok ban in India. As a result, it was possible to win a considerable market share of users who followed the trend towards sharing short videos.

The explanation states that Chingari has managed to increase from 100,000 users to 50,000,000 in just six months. Corresponding to

"The future of the platforms is in its creators. On the one hand, we have an immense talent pool that has to be researched and rewarded with an ethical degree of monetarization. On the other hand, while crypto is experiencing a quick expansion in India, Gari is ready to make it a mainstream. We combine both through robust strategies and the involvement of the promising progress Industry. " -said Chingari CEO Sumit Ghosh.