India’s TikTok Rival Chingari Raises $19M From Alameda, Kraken and Galaxy Digital

India’s TikTok Rival Chingari Raises M From Alameda, Kraken and Galaxy Digital
India’s short video sharing platform Chingari has raised $19 million for its token round from many prominent crypto investors, including Sam Bankman-Fried’s Alameda Research, Kraken, Galaxy Digital, Solana Capital and Republic Crypto.Founded in 2018, Chingari is a well-known video app that has grown rapidly after popular social media platform TikTok was banned in India in June 2020. Chingari now has 30 million monthly active users and 78 million downloads, according to the company.The funds will be used to continue development of the Chingari platform and to launch the $GARI social token on the Solana blockchain.The token is a “critical piece…