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Chingari’s GARI Raised $40M Within 24 Hours of Live Sale -Breaking

by Mike Robinson

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Breaking: Chingari’s GARI Raised $40M Within 24 Hours of Live Sale
  • Chingari reported that GARI (its crypto token) raised $40 million.
  • It happened within 24 hours of the Republic’s live sale.

It’s a great day for Chingari. The short video application revealed something, according to some reports.

Chingari announced that GARI, its first ever crypto asset, had raised $40 million in just 24 hours of its live sale on Republic. Republic, a crowd-equity platform, offers investments for startup investors in real estate and the gaming industry.

Chingari commented on the subject.

GARI is designed to give creators access to content monetisation options. The token is built on — one of the biggest & rapidly growing blockchains globally.

Chingari’s app allows users to create short videos and purchase merchandise. These are only a few of the many things they can do in Chingari.

Chingari is based in Bengaluru and rivals Instagram reels MX Takatak and Josh. The company boasts a staggering 50 million active monthly users, and 85 million downloaded apps to date. Furthermore, its co-founders are all confident that, soon, it will be India’s fastest-growing ‘Social Token App‘.

Apart from this, Chingari also completed $19 million in a previous funding round — from more than 30 venture funds and investors.

TikTok was banned in India and the company tried to address the gap. The company redesigned the app to meet users’ demands. With that, Chingari’s users increased significantly — as its team claims. The company continues to delight its users and meet their expectations.

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