Darshan Bathija, co-founder and CEO of Vauld, said that the startup got its scheme of arrangement passed in Singapore courts. As part of the scheme, the current board will be replaced with a new CEO, a creditor representative, and a scheme manager.
This comes months after the startup shared its global expansion and hiring plans to add 400-500 employees. It recently raised an undisclosed funding from L1 blockchain firm Aptos Labs.
The Indian social media company's new policy goes into effect immediately and intends to recognise the difficulties its female employees face during menstruation and to empower them to prioritise their health.
Aptos Labs which operates Aptos Network and blockchain will host Chingari’s upgraded application to be launched in the second quarter of 2023.
Chingari co-founder and COO Deepak Salvi said the platform plans to hire 400-500 people worldwide.
A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum and Tether to help jump-start the day.
Creators on the Chingari app can convert and sell their NFT videos to earn revenue
KuCoin to partner with SIG to launch blockchain start-up incubator
ByteDance received $102.67 million for its entire investment. Considering VerSe Innovation’s $805-million primary fundraise in April, which it raised at a valuation of $5 billion, ByteDance should have received about $232 million for its investment.
The funding values the company at $85 million (Rs 631 crore).
The company is integrating the live audio with its short video platform as there is an overlap in the user base. With the integration, the company expects more users to utilise audio rooms on the Chingari platform for conversations
This is India’s chance to take the lead in a fundamentally disruptive technology which has global momentum behind it.
Responses to the short-video platform’s venture into crypto are mixed. The company, however, says crypto is its survival ticket and is needed to get an edge over rivals.
With this foray, Chingari, which currently offers customized videos, an extensive song library, hyper-realistic AR filters, and content in more than 20 languages and has around 50 million monthly active users and almost 85 million downloads to date, has reportedly become India’s first social network to issue crypto tokens.
Chingari aplans to present more accessible, sharable, and credible news video content with this partnership with Dekko
The startup hopes to use the expertise of Brian Nogard and Fabrice Grinda to build a global product.
The fully Indian custom-designed social platform has a 25-million strong user base and records more than 3 million active daily users.
The Koo and YouQuote apps were tied for the second position in the social app category.
Co-founder of the bootstrapped Indian start-up Sumit Ghosh tells Moneycontrol they didn’t expect to be in the “hot seat” following the ban on TikTok but are taking it in their stride and learning as they go along.
The homegrown video making app, which claims to have 22 million downloads, has seen unprecedented growth following the ban of Chinese app TikTok in India and the anti-China sentiment in the country.
Here are the biggest developments from the world of tech from the week ending July 10.
The app has got over 10 million downloads in a very short span, helping it reach the top charts of Apple and Google App Stores.
“No Chinese money, no Chinese companies’ money ... no Chinese direct or indirect money in Chingari ever. Not now, not ever,” Chingari co-founder Sumit Ghosh said when asked if he will consider raising funds from Chinese investors.
Here are the biggest developments from the world of tech from the week ending July 3.
Soon after the concerns were raised, Chingari founder Sumit Ghosh tweeted and assured a fix.