Tech4Billion Media is expected to raise $200 million at a $1 billion valuation, catapulting the operator of video-sharing site Chingari into India’s fast-growing league of so-called startup unicorns.
Chinese social network startup Chinari plans to raise funds in the next round of funding, according to people familiar with the matter.
Chingari secured an extra $15 million in an expanded Series A round sponsored by Republic Capital in January. The business raised 95 crore in its Series A investment led by OnMobile Global in April 2021.
Chingari’s decision to launch India’s first crypto-token, GARI, at a time when interest in web3 firms is high, is garnering a lot of attention to the startup.he $GARI token is created on the Solana blockchain network, an emerging cryptocurrency that is frequently viewed as a rival to Ethereum.