Tech4Billion Media plans to raise $200 million at a valuation of $1 billion, propelling the operator of video-sharing platform Chingari into India’s fast-growing unicorn league. Chingari will use its Series B fundraising round to raise the additional funds. The successful launching of its social token GARI on numerous cryptocurrency platforms last month will support the firm valuation.
- Govt plans new route connecting Noida airport to NH-34
- India Ranks Third in Global Fintech Funding, Despite 33% Drop in 2024
- India’s Retail Inflation Drops to 5.22% in December, Food Inflation at 8.39%
- Donald Trump Inauguration: Xi Jinping Invited, S Jaishankar to Represent India
- What Is Currency Appreciation: Working & Cause Of Currency Appreciation
The platform is in talks with several local and international venture capital firms and crypto-focused funds for fundraising. The funding round is expected to close in about two months. The Indian startup sector saw a spike in fundraising and valuations last year, with 42 businesses becoming unicorns. The trend continued in the first quarter of 2022, with 14 companies, including DealShare, Polygon, and Games 24×7, becoming unicorns.
