JPIN VCATS backed Chingari has raised $19 million in token funding

Investors in this round: RepublicCrypto, Solana Capital and Kraken

JPIN VCATS is very delighted to announce that Chingari has raised $19Mn in cryptofunding from venture funds and individuals, including prominent names like RepublicCrypto, Solana Capital, and Kraken – a US-based crypto exchange.

Touted as India’s TikTok, Chingari is the 3rd most popular media application in India with over 78 million downloads and 150+ Million videos being watched every day. With cool filters and editing features, Chingari’s goal is to become a one-stop shop for all your entertainment needs – offering content in 11 languages, a news section to keep you updated, and an in-app multiplex to watch movies and TV shows with more great E-commerce features under pipeline.

Chingari will be using the $19Mn funding for product development and to launch a token called $GARI, which will be powered by Solana’s blockchain. The capital will also be used to launch and grow creator monetisation avenues within the app.