Chingari, a short-form video app in India, has raised $13 million – led by OnMobile.
Other investors who participated in this round include Republic Labs US, Astarc Ventures, White Star Capital, India TV (Rajat Sharma), JPIN Venture Catalysts, ProfitBoard Ventures, Raghunandan G of Zolve (co-founder of TaxiForSure) and some large family office funds from the UK.
Earlier last year Chingari had raised $1.4 million from a series of Angels, including Jasminder Gulati, FJ Labs (Fabrice Grinda), Angelist, Utsav Somani’s iSeed, Village Global, and Blume Founders Fund.
Chingari will use the investment to accelerate its growth from 56 million users to over 100 million users. Chingari will use the funds to enhance its content portfolio, hire top talent and accelerate its growing user base.
As part of the deal, OnMobile will integrate and distribute its direct-to-consumer gaming platform, ONMO, on the Chingari app and collaborate on other mobile product integrations to serve millions of users.