Chingari is specializing in increasing its presence in new markets to draw extra customers and improve its international attain.
Chingari says its income streams have been strengthened by the substantial contributions of its subscription plans and NFT Marketplace
Short video-sharing app Chingari generated a income of $10 million in the monetary 12 months 2022-23, registering a whooping 56.25 per cent leap as in comparison with final 12 months. During the earlier fiscal 12 months 2021-22, the corporate had generated a income of $6.4 million.
Chingari in an announcement mentioned the corporate’s income streams have been strengthened by the substantial contributions of its subscription plans and NFT Marketplace.
Sumit Ghosh, CEO and co-founder of Chingari, mentioned, “Our achievement of $10 million in income for the fiscal 12 months 2022-23 is a exceptional milestone for us. We stay dedicated to offering our customers with the very best expertise and persevering with our efforts to innovate and develop as an organization.”
For the next fiscal year, as part of its growth strategy, Chingari is focusing on expanding its presence in new markets to attract more users and increase its global reach. To achieve this goal, the company is giving priority to entering emerging markets such as Africa, and is also planning to launch in Europe and Latin America.
Chingari’s remarkable success has been driven by its ability to provide an engaging and user-friendly platform, which continues to attract a growing number of users, investors, and content creators. Recently, Aptos made an equity investment in the Chingari app with the fresh capital to be used for user growth, product development, ramping up engineering and global expansion.
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