Startup Profile

Chingari

Legal entity: Chingari Media Private Limited

Short-form video platform and live streaming creator economy app for Indian users

Creator EconomySeries BMedia / Content· Bengaluru, Karnataka· Est. 2018Website ↗
Chingari is an Indian short-form video platform founded in 2018 that pivoted to a paid private live streaming model in 2023. The company enables creator monetization through one-on-one virtual interactions and has raised $88.34 million across seven funding rounds, though it saw significant revenue decline in FY25 as it transitioned away from its core short-video business.
Funding raised
₹733.47 Cr
Total disclosed
Latest valuation
₹830.00 Cr
Most recent round
Latest revenue
₹44.00 Cr
FY FY25
Employees
68
FY FY25

Founders

  • Sumit Ghosh

    CEO and co-founder. Serial entrepreneur who previously founded Globussoft (IT services generating 60 crore ARR) and Socioboard (digital marketing automation with $2M ARR). Passionate about blockchain and Web3.

  • Biswatma Nayak

    Co-founder and CTO. Software developer with early interest in social app products. Motivated to create a TikTok-like platform better tailored for Indian users.

  • Deepak Salvi

    Co-founder and COO. Brings expertise in operations and scaling.

  • Aditya Kothari

    Co-founder.

Funding rounds

  1. Corporate2023-02-08₹107.90 CrLed by Aptos
  2. Series A Extension2022-01-17₹124.50 CrLed by Republic Capital
  3. ICO2021-11-04₹332.00 CrLed by Republic
  4. Series A Extension2021-10-01₹157.70 CrLed by Alameda Research
  5. Series A2021-04-30₹108.35 CrLed by OnMobile Global
  6. Seed2020-06-15₹11.12 Cr

Financials

MCA / self-reported
Fiscal yearRevenueProfit / (Loss)Employees
FY25₹44.00 Cr(₹8.80 Cr)68
FY24₹92.00 Cr(₹23.30 Cr)—
FY23₹113.10 Cr₹0158

The full story

Rich-text rendering of long_story is wired in the design pass.

Timeline

  1. 2024-12-01Astrology Platform Launch — Holding company launched AstroLive, entering faith and astrology market with live interactive experiences
  2. 2023-06-01Business Model Pivot — Pivoted from TikTok-style short-form video platform to paid private live streaming model enabling one-on-one creator interactions
  3. 2021-11-04GARI Token ICO — Chingari's cryptocurrency token GARI raised $40 million in 24 hours via Republic, launched on Solana blockchain for creator monetization
  4. 2021-04-01Series A Funding and 56M Users — OnMobile led $13M Series A round; platform reached 56 million users with plans to scale to 100M+ users
  5. 2018-11-01Platform Launch — Chingari launched on Google Play Store as a TikTok alternative for Indian creators and users

Data sources

  • seed-list↗ · last fetched 2026-05-28
  • Wikidata↗ · last fetched 2026-05-28
  • favicon↗ · last fetched 2026-05-31
  • Inc42 Chingari Funding↗ · last fetched 2026-06-01
  • Entrackr Series A Extension↗ · last fetched 2026-06-01
  • OnMobile Series A Investment↗ · last fetched 2026-06-01
  • GARI Token ICO↗ · last fetched 2026-06-01
  • Entrackr FinTrackr FY25↗ · last fetched 2026-06-01
  • Sumit Ghosh Profile↗ · last fetched 2026-06-01
  • Biswatma Nayak Interview↗ · last fetched 2026-06-01
Updated 2026-06-01