The company will utilize the major part of the investment in enhancing the technology on the app, launching new features and augmenting the backend tech team
As part of the deal, the entire catalogue of Saregama will be made available on Chingari, allowing users to create innovative content using music library of over 130K songs
The celebrity engagement platform has onboarded actors like Hrithik Roshan, Kareena Kapoor, Ranveer Singh and Tiger Shroff for personalised video calls with their fans
Other investors include Republic Labs US, Astarc Ventures, White Star Capital, India TV, JPIN Venture Catalysts Ltd, ProfitBoard Ventures and Raghunandan G of Zolve
The platforms will continue catering to a host of Indian languages and styles, including Haryanvi, Bhojpuri, Punjabi, Rajasthani, Garhwali, Gujrati, Indie-pop, and Desi hip-hop
They aim to achieve mutual objectives of content localization, enhancing user-experience with a simplified application interface, and encourage content diversity on its platform
Buoyed by growing smartphone penetration, affordable data price, and depth of fresh entertaining content, the short-form video has emerged as the fastest-growing content category
Most Indian short video apps like ShareChat, Trell, Chingari, Roposo have either secured fundings or are in various stages of negotiation with venture capitalists
Vishal-Shekar, Meet Bros, Shankar Mahadevan, Hema Mailin, Ankit Tiwari, Neeti Mohan, Tanishk Bagchi, Vijay Prakash have come together to create a Ganesh Chaturthi special album with 33 tracks
While apps like ShareChat are already being used by FMCG, telecom, gaming and e-commerce sectors, others like Roposo and Chingari would surely enter the marketers’ media mix no