Tag: Chingari app

  • Chingari strikes music licensing deal with Koinage Records

    Chingari strikes music licensing deal with Koinage Records

    NEW DELHI: To make its presence felt in the world of new age music, Indian short video app Chingari has announced its collaboration with popular music label Koinage Records. Under the licensing deal, all the released and upcoming tracks of the record label will be now available to Chingari users to create content on the platform. 

    Koinage Records is known for producing multiple genres of music content with a focus on delivering music for every genre and age. The Delhi-based music label not only intends to collaborate with known artists from the industry but with independent artists across the country.

    "We intend to bring forth original content in the independent music space by identifying the right talent and provide them an opportunity to showcase their talent at the highest level,” said Koinage Records business director Ramit Bhat. "With our collaboration with Chingari, we feel our vision to bring forth multi-genre music content will get the right and wider audience.”

    Chingari founder Sumit Ghosh said the partnership with Koinage would create a wave among youth in India. 

    "This collaboration further substantiates Chingari to provide content that’s in sync with the preference of youth in India. Last week, we happily announced Salman Khan as our official brand ambassador and investor. I hope these high-impact collaborations and campaigns will help us impel more audience," added Ghosh. 

    He went on to say that the start-up’s future outlook is to "continue being the most favourable and most preferred platform to connect with brands, artists, production houses, music labels, and online users like never before, and our ethos to reach out to across every state of Bharat." 

    Chingari co-founder and COO Deepak Salvi remarked that this alliance will not only help the short form video app to localise content in every language but also help the companies mutually benefit from the perks that come along with the deal.

  • OnMobile leads $13 million funding in Chingari app

    OnMobile leads $13 million funding in Chingari app

    MUMBAI: Bengaluru-based OnMobile has led a $13 million (Rs 98.7 crore) funding round in short video platform Chingari. The company believes that this investment will allow Chingari to accelerate its growth from 56 million users to over 100 million users. 

    Following this investment, OnMobile will soon integrate and distribute Onmo, the company's direct-to-customer gaming platform on the Chingari app. In a recent statement, the company also revealed its plans to collaborate on other product integrations in the future. 

    "The Chingari team has built a terrific product with great user retention and growth. Onmo gaming’s short format challenges and Chingari's short-form videos complement each other well," said OnMobile CEO Krish Seshadri. 

    Investors who participated in this round include Republic Labs US, Astarc Ventures,  White Star Capital, India Tv (Rajat Sharma), JPIN Venture Catalysts Ltd, ProfitBoard Ventures, Raghunandan G of Zolve (Co-Founder,Taxi4sure) and some large family office funds from the UK. 

    Chingari co-founder and CEO Sumit Gosh asserted that Chingari will soon become a content super media app for a billion Indians. 

    "We couldn't have hoped for a better partner than OnMobile and Krish to help Chingari embody its vision and become a content super media app for Bharat, and help engage the billion Indians. With our visions aligned, this partnership promises to be a winning collaboration," added Gosh. 

    Last year, Chingari had raised $1.4 million from a series of Angels, including Jasminder Gulati,  FJ Labs (Fabrice Grinda), Angelist, Utsav Somani’s iSeed, Village Global, and Blume Founders Fund. 

    OnMobile executive chairman François-Charles Sirois remarked, ''We are very excited about this investment and partnership bringing millions of users to the new ONMO gaming service while providing immediate business value and increased user reach for both companies.''