Chingari bags investment from Tinder CPO and OLX founder
Indian internet company Chingari has raised an undisclosed amount of funding from Brian Norgard, Chief Product Officer of Tinder, and from French entrepreneur Fabrice Grinda, founder of OLX.
The latest funding comes shortly after the homegrown social company raised $1.3 million in seed funding from the likes of AngelList India, iSeed, Village Global, LogX Ventures and others.
Chingari has become one of the top homegrown applications to have gained massive traction since the ban on TikTok and several other Chinese applications.
The desi application has so far garnered 25 million downloads. The company has also continued to enhance the application with a variety of features aimed to woo users and content creators.
Chingari also made the headlines for winning the social media category in #AtmaNirbharApp Challenge, held by the Indian government.
Sumit Ghosh, Co-founder and CEO of Chingari App, said, “We are humbled that globally acclaimed entrepreneurs like Brian Norgard and Fabrice Grinda loved the vision of the Chingari team and invested into what we are building. We are absolutely delighted to have them onboard the Chingari rocket ship and look forward to learning from them the art of building and scaling Global product companies.”
The company says the latest funding will be used mostly on product development, hiring talented engineering team of ML/AI engineers and engineering team to enhance the camera features.