InvestorQ : Why is there a sudden surge of interest in social apps like Chingari in India?
sarah Leo made post

Why is there a sudden surge of interest in social apps like Chingari in India?

Answer
user profile image
Rashi Mehra answered.
1 month ago


Chingari, a domestic short video sharing platform, has just raised an funding from the CPO of Tinder and Fabrice Grinda, the founder of OLX. These two investors have put in money into start-ups like SpaceX, Lyft, Alibaba and Airbnb in the past.

Chingari has grown organically and in a very capital efficient manner and that was one of the reasons the investors were interested in these companies. It is suddenly evincing interest as an alternative to Tik Tok, which was banned by the Indian government after the Galwan rift.