‘We just happened to be at the right spot at the right time’
Chingari’s Sumit Ghosh has big plans for his NFT marketplace. Regulatory uncertainty around crypto, growing competition and scepticism don’t rattle him.
Why read this story?
Editor's note: Sumit Ghosh looks like a man straddling two worlds at any given moment. He appears calm and earnest, but the environment around him is bustling with the clamour of activity—notifications and calls buzz non-stop. It is a Tuesday afternoon and Ghosh has already had to reschedule our conversation once. But a few seconds into the call and you know that he is all there, eager to talk about his new endeavour. The 35-year-old is in two worlds, both polar opposites. The first is Chingari, the Indian TikTok clone of which Ghosh is CEO. He co-founded the company in 2018, two years before Chingari (and Ghosh) finally went mainstream. Chingari gained fame as an alternative to TikTok when the Chinese app was banned last year. Ghosh’s company took off, only to run into a crowd of stronger and bigger rivals later. The second is where Ghosh is also the man leading one of the biggest Web3 projects from India, GARI. If you’re steeped in the Indian cryptoverse, you probably already know about this project. GARI has been spoken about widely in …
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