OnMobile and Chingari announced today that OnMobile has led a $13 Million round in Chingari.
This investment will allow Chingari to accelerate its growth from 56 Million users to over 100 million users. As part of the deal, OnMobile will integrate and distribute its direct-to-consumer gaming platform, ONMO, on the Chingari app and collaborate on other mobile product integrations to serve millions of users. Chingari will use the funds to enhance its content portfolio, hire top talent and accelerate its growing user base.
Other investors who participated in this round include Republic Labs US, Astarc Ventures, White Star Capital, India TV (Rajat Sharma), JPIN Venture Catalysts Ltd, ProfitBoard Ventures, Raghunandan G of Zolve (Co-Founder of TaxiForSure) and some large family office funds from the UK. Earlier last year Chingari had 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.
Commenting on this investment, François-Charles Sirois, Executive Chairman of OnMobile, said, “We are very excited about this investment and partnership bringing millions of users to the new ONMO gaming service while providing immediate business value and increased user reach for both companies”
Krish Seshadri, CEO of OnMobile, said “The Chingari team has built a terrific product with great user retention and growth. ONMO gaming’s short format challenges and Chingari’s short-form videos complement each other well”
“We couldn’t have hoped for a better partner than OnMobile to help Chingari embody its vision and become a content super media app for Bharat, and help engage a billion Indians. With our visions aligned, this partnership promises to be a winning collaboration.”, said Sumit Ghosh, Co-Founder & CEO of Chingari.
“We are thrilled to have Krish Seshadri join our board at Chingari. His vast business experience and working on mobile & social products will add great value to the team,” said Aditya Kothari, Co-Founder & Chief Strategy Officer of Chingari.
YuppTV Bags Digital Broadcasting Rights For VIVO IPL 2021
YuppTV has acquired the digital broadcasting rights for VIVO IPL 2021 in close to 100 countries. With this development, YuppTV will help cricket fans across the globe to witness and enjoy all the live action of the 60 T20 matches slated for the VIVO IPL 2021.
After shifting to the UAE in 2020 owing to the nationwide lockdown, VIVO IPL is now back in India. YuppTV will be airing all the excitement from the VIVO IPL 2021 from 9th April to 30th May 2021. The venues for the event include Chennai, Mumbai, Ahmedabad, Delhi, Bangalore, and Kolkata. To add to it, the playoff matches and final are scheduled to take place at The Narendra Modi Stadium in Ahmedabad which is now the world’s largest cricket stadium.
Leveraging this opportunity, YuppTV is bringing the highly engaging and anticipated action to close to 100 countries across territories – Continental Europe, Australia, Sri Lanka, South East Asia (except Singapore and Malaysia), Central and South America, Central Asia, Nepal, Bhutan, and Maldives.
Commenting on the association, Mr Uday Reddy, Founder & CEO of YuppTV, said, “Cricket has been a craze around the world and the IPL has always been a highly anticipated and powerful property for fans across the globe. With the VIVO IPL now back in India, we are sure that fans are going to revel in the on-ground experience. YuppTV is committed to the growth of sports in the country and will continue to be driven by the power of cricket. Our users can enjoy their favourite sporting event in real-time from the convenience of their homes.”
With this development, YuppTV, one of the world’s largest internet-based TV and On-demand service provider for South Asian content, offering more than 250+ TV channels, Movies, and 100+ TV Shows in 14 languages, will add on more viewers giving them the best experience of virtual IPL with the feel of the stadium at home.
Rizzle Launches Video Mixing Feature For Short Videos Apps
Rizzle launches ‘Rimix,’ the world’s first video mixing feature for short videos apps. This feature allows users to make video mashups using 2 to 5 videos within a matter of a few seconds. Creators can choose existing videos from the Rizzle app or record their own new videos, add a soundtrack of their choice and share their masterpiece with the world.
Rimix, Rizzle’s patent-pending feature, is the industry’s first-of-its-kind that empowers users to create personalized short videos that are unique to them.
As AI & ML make it easy for any user to pick and stitch their videos, weave in the music of their choice and create their personalised movies, one doesn’t need extensive prior knowledge of advanced video editing tools to use Rimix
While other short video platforms in the industry are reinventing the ‘Duet’ feature launched around 4 years ago, Rizzle’s Rimix is fresh and revolutionary. Rizzle aims to usher short video entertainment into the next era by providing an entire ecosystem of support and resources for creators to build content on a single platform.
Rizzle’s music library has 35,000+ tracks owing to their partnerships with Sony Music Entertainment and Aditya Music. This, combined with Rimix, can bring about a wide variety of exciting User Generated Content(UGC).
Sapna Patel, Marketing Head at Rizzle adds, “At Rizzle we constantly strive to empower all our users to become creators of content. And with Rimix, we are a step closer to our goal. Rimix allows all our users- with no to minimum to advanced video editing skills, to create videos and share their stories.”
Rimix received an overwhelming response from creators who tried it in the Beta version of the app. Here’s what the creators who used Rizzle’s Rimix have to say about it:
Actress and model Simran Behl states, “Rimix cuts down the video editing and creating time manifold! It’s simple, fast and easy to use- and makes compelling videos in a short span of time.”
Choreographer Rahul Suryawanshi adds, “I tried Rimix on Rizzle’s Beta version and I swear by it- making dance mashup videos can now be done in just a few seconds!”
Dance instructor & fashion blogger Shanu Dagor mentions, “Rizzle’s Rimix is making it easier to make mashups of songs, that too along with the videos! My followers love the new mashups!”
With the huge success of the feature on Beta launch, Rizzle is excited to see how users adopt this feature and use it.
Rizzle is India’s leading short videos platform making its mark in the vertical short videos and web-series market with its unique features and engaging user interface.
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