OnMobile will integrate and distribute consumer gaming platform, ONMO, to the Chingari app and collaborate in integrating other mobile products to serve millions of users.
Mobile entertainment solution provider OnMobile Global Limited and Chingari short video app announced that OnMobile has led a $ 13 million fundraising tour in Chingari. The investment will allow Chingari to accelerate its growth from 56 million users to more than 100 million users, the company said in a statement. As part of the deal, OnMobile will integrate and distribute the direct-to-consumer gaming platform, ONMO, on the Chingari app and collaborate on integrating other mobile products to serve millions of users. Chingari will use the money to improve its content portfolio, recruit top talent and accelerate its growing user base.
Other investors who participated in this tour included: Republic Labs US, Astarc Ventures, White Star Capital, India TV (Rajat Sharma), JPIN Venture Catalyst Ltd, ProfitBoard Ventures, Raghunandan G of Zolve (co-founder of TaxiForSure) and a large British family fund. the desk. Earlier last year, Chingari 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.
Francois Charles Sirois, CEO of OnMobile, said of the partnership: “We are very excited about this investment and partnership that is bringing millions of users into the new ONMO gaming service while providing immediate commercial value and increasing user access to both companies.”
“The Chingari team has designed a great product with exceptional user retention and growth. OnMobile CEO Krish Sishadri added that ONMO Gaming’s short challenges and short videos of Chingari complement each other well.
“We couldn’t have asked for a better partner from OnMobile to help Chingari materialize his vision and become a super media content app for Bharat, helping engage a billion Indians.” SUMIT Ghosh, Co-Founder and CEO of Chingari, while aligning our vision, this partnership promises that Be a successful collaboration.
Also read: How 2020 has been a year full of challenges and opportunities for Bharat to emerge
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