Chingari raises $19 mn, picks Solana blockchain for its crypto token

Short-video platform Chingari on Friday said it has raised over $19 million that will help it build its token called ‘$GARI’ with Solana, the fastest-growing ecosystem in crypto technology.

Some of the 30 crypto firms that participated in the Chingari funding round include Republic Crypto, Galaxy Digital, Alameda Research, Solana Capital, Valor Equity Partners and others.

“While Crypto experiences a rapid expansion in India, $GARI is poised to make it mainstream. We are infusing the two, through robust strategies and incorporation of the most-promising industry advances,” said Sumit Ghosh, CEO and Co-founder of Chingari.