# Chingari

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/chingari

- Industry: Internet
- Headquarters: Bangalore, India
- Website: www.chingari.io
- Total disclosed funding: $16M
- Latest round: Series A (Sep 23, 2021)
- Investors on record: 14

## About

Chingari, based in India, is a dynamic social media platform that enables users to create, share, and discover short-form video content, fostering community engagement and interaction around user-generated videos.Founded in 2018 in Bangalore, India, Chingari operates as a social media platform allowing users to create and share short videos. The company has not undergone significant pivots since its inception. The founders, Biswatma Nayak and Deepak Salvi, are known for their focus on innovative content creation. As of February 2023, Chingari raised USD 19.00 mn in venture funding from Aptos Labs, marking the culmination of its total funding raised to USD 19.00 mn across 7 deals.Chingari.io specializes in providing a social media platform that enables users to create, share, and discover short-form video content. Launched in 2018, the platform has gained traction among users seeking engaging ways to connect through videos. Its core offerings include user-generated content tools, video editing features, and community-driven interactions, designed to enhance user experience. Primarily targeting the Indian market, Chingari appeals to content creators, influencers, and everyday users seeking entertainment and self-expression. The platform also integrates various monetization features, enabling brands to connect with a younger demographic.In 2022, Chingari.io generated revenue amounting to USD 6,633,328.80, alongside an EBITDA of USD -18,666,220.00. The company employs diverse monetization strategies, including advertising partnerships and potential subscription models for premium features. Users can engage with brands through sponsored content, fostering direct connections between advertisers and the platform's audience. While specific pricing plans for advertising or subscription services are not disclosed, the company's offerings likely include features enhancing visibility and engagement for brands and creators alike.Following the funding round in February 2023, Chingari plans to utilize the investment for user growth, product development, global expansion, and to ramp up its engineering team. The company is targeting expansion into new markets, although specific regions or timelines have not been detailed. Upcoming product launches are also in the pipeline, aimed at enhancing the platform's capabilities and user offerings.

## Funding rounds

- Series A, Sep 23, 2021, $15M — OnMobile Global Limited, MVC, Vistra ITCL, LVX, Protocol Labs, Inc., Makan Family Trust, Republic Capital, JPIN Venture Catalysts, The Venture Collective, Hill Harbour
- Seed, Aug 18, 2020, $1.4M — FJ Labs, Village Global, Vistra ITCL, LogX Ventures, Utsav Somani

## Investors

- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Seed
- Village Global (https://capitalatlas.ai/funds/village-global) — Seed
- Vistra ITCL — Seed, Series A
- LogX Ventures — Seed
- Utsav Somani — Seed
- OnMobile Global Limited — Series A
- MVC (https://capitalatlas.ai/funds/mvc) — Series A
- LVX (https://capitalatlas.ai/funds/lvx) — Series A
- Protocol Labs, Inc. — Series A
- Makan Family Trust — Series A
- Republic Capital (https://capitalatlas.ai/funds/republic-capital) — Series A
- JPIN Venture Catalysts (https://capitalatlas.ai/funds/jpin-venture-catalysts) — Series A
- The Venture Collective (https://capitalatlas.ai/funds/the-venture-collective) — Series A
- Hill Harbour — Series A