Short videos sharing platform Chingari in talks to raise $200-M at $1-B valuation

Tech4Billion Media, owner of video-sharing platform Chingari, is set to raise USD 200 million in its Series B round of funding at a valuation of USD 1 Billion. The company has reportedly already received commitments of at least USD 100 million. The platform is in talks with local and overseas venture capital firms and crypto-focused funds for the fundraising, which is expected to close in about two months. Chingari had this January raised an additional USD 15 million in an extended Series A round led by Republic Capital. In April 2021, the startup raised INR 95 crore in its Series A round led by OnMobile Global. Founded in November 2018, Chingari lets users download and upload short videos and shop for the merchandise within the app.