Indian TikTok Rival Chingari Raises $15M Round Led by Republic Capital: Report

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Indian TikTok Rival Chingari Raises M Round Led by Republic Capital: Report
Chingari, an Indian short video platform akin to TikTok, has raised $15 million in a funding round led by Republic Capital, the private venture arm of investment firm Republic, according to a report by an Indian business news outlet.Crypto exchange OKEx also made a strategic investment in the company. Chingari’s native token GARI will be listed on OKEx, the Economic Times reported on Monday.The token will also be listed on FTX, Huobi, Kucon, Gate.IO, MEXC Global.The funds will be used to enhance the app’s technology, introduce new features and grow the platform’s reach outside of non-metro cities in India, the…