TikTok rival Chingari in talks to raise $10 million
Sumit Ghosh, co-founder and chief product officer of the 'Chingari' app, said the fund raising will be completed by end of this month
- Jul 13, 2020,
- Updated Jul 13, 2020 6:07 PM IST
Indian-origin short video sharing app 'Chingari', which is touted as the desi alternative to now banned Tiktok, is reportedly in talks with venture capital firms to raise $10 million in Series A round of funding.
Sumit Ghosh, co-founder and chief product officer of the 'Chingari' app, said the fund raising will be completed by end of this month. He, however, didn't reveal the names of investors.
"This month is the timeline (to close the round)... have a term sheet," Sumit Ghosh told Moneycontrol.
Indian-origin short video sharing app 'Chingari', which is touted as the desi alternative to now banned Tiktok, is reportedly in talks with venture capital firms to raise $10 million in Series A round of funding.
Sumit Ghosh, co-founder and chief product officer of the 'Chingari' app, said the fund raising will be completed by end of this month. He, however, didn't reveal the names of investors.
"This month is the timeline (to close the round)... have a term sheet," Sumit Ghosh told Moneycontrol.