Chingari raised $1 mn from AngelList
Chingari has raised $1 Mn in seed funding from AngelList, Chingari was also in talks with venture capital firm Tiger Global for this round, but the deal fell through.
Chingari has recorded more than 23 Mn downloads in the month since the ban. Adding TikTok-like creation tools except AR filters, which are currently in the works, has been a key factor in this success. The company has not yet set a monetisation model in place but is looking to incorporate that soon. It is also running a rewards campaign for creators for viral videos.