Chingari ramps up hiring amid recession fears as Indian Web3-based social media space gathers steam
While many other brands are cutting jobs due to concerns about a global recession, Chingari is surprisingly ramping up hiring
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With the emergence of Web3, short video app Chingari launched its token "GARI" on the Solana network, enabling users to vote on the platform’s policies and governance.
Now, while tech brands globally are cutting jobs amidst recession concerns, Chingari is ramping up its hiring.
Sumit Ghosh, CEO and co-founder of Chingari, states that the company plans to hire for technical, content, and creative roles. To expand into global markets, the Chingari app has been adapted to the local languages of those regions, and the company will be hiring local staff in those areas. This year, they intend to launch in Latin America and Africa with 400-500 open positions available for hiring.
"Other platforms have raised funds but burned too much too fast without creating any sustainable revenue stream. At Chingari, we have multiple revenue streams like Creators Cuts, where we take some part of sales, Chingari subscriptions, and Creators and users' badges that have helped us create a sustainable revenue stream," says Ghosh.
Chingari remains bullish on the Indian market though, particularly its Web3 community. “We believe 2023 will be a watershed year in terms of web3 adoption in India,†says Ghosh, “where it will witness deeper penetration and the coupling of traditional systems with blockchain technology.“
