Short video entertainment app Chingari on Thursday announced $13 million financing round led by OnMobile. Significantly, this round saw the entry of Bollywood star Salman Khan in the Bengaluru-based firm’s cap table. According to regulatory filings, Chingari has raised Rs 59.6 crore in its pre-Series A round.
The company has allotted 34,631 pre-Series A preference shares at an issue price of Rs 17,208 per share. OnMobile led the round with an infusion of Rs 31.86 crore whereas Rs 27.74 crore came from over two dozen individual investors and several businesses operating in the real-estate and trading domains. For being brand ambassador the company has also allotted shares worth Rs 13.5 crore to Khan.