World’s leading Web3 short video app, Chingari has achieved a remarkable milestone by securing a place in the top 10 grossing apps by revenue on the App Store in India. The home-grown app accomplished this feat in the last week of May in the social free apps segment. Additionally, the app has entered into the top 10 free social apps category on the App Store.
This accomplishment highlights Chingari’s growing influence and dominance in the highly competitive market. With its innovative features like Chingari Live, GARI Mining, Audio Rooms, user-friendly interface, and diverse short video content, Chingari has consistently delivered an exceptional user experience. Chingari clocked revenue of $ 10 million in the financial year 2022-23 and is expected to generate $ 25 million in revenue for the next financial year.
Just six months ago, Chingari was ranked outside the top 200 apps on the App Store. Since then, the platform has experienced exponential growth to achieve its current standing. One of the key factors contributing to its rise is the recent launch of the Chingari Live feature, allowing creators to showcase their talents, while users can interact with their favorite celebrities and content creators in real time.
Chingari being a Web3 app not only rewards creators but also the users for engaging on the app in the form of GARI, the native crypto tokens under the GARI Mining program, making it the only social app in the world to offer such incentives. Chingari has distributed rewards worth INR 8 crore to its users and creators since the launch of the mining program last year.
With its availability in 174 countries on the App Store, Chingari, the Indian app, has truly solidified its position as a global app, showcasing its widespread popularity and reach across the globe.
Sumit Ghosh, CEO & Co-Founder, Chingari said, “As Chingari gains tremendous popularity, it is evident that users are finding true value in our app. Our mission is to empower individuals and provide them with a platform that not only entertains but also rewards their active participation. We remain dedicated to enhancing user experiences, introducing new features, and expanding its global reach.”