Crowdfunding sites are proliferating in India and helping not only the poor but also small scale companies or startups with innovative ideas. These sites are raising the funds on behalf of these Individuals / companies by raising money through bank loans, venture capital, and angel investors involve complicated procedures. These Crowdfunding sites in India are helping innovators launch ideas, social entrepreneurs bring social change and startups raise funds. Most startups, small enterprises, and individuals avoid complex methods of raising funds. Moreover, before raising money, startups have to take into account the different funding stages to decide the mode of raising funds. Crowdfunding is a far easy and less complex model.
4 Best Crowd Funding Platforms in India
With a wide range of focus, Ketto is among the well-known crowdfunding sites in India. The platform features campaigns for health care, education, personal campaigns, animal welfare, sports, children and women empowerment. To make it easier for donors, Ketto has sections such as ‘Urgently Fund Required’ and campaigns that can provide ‘Tax Benefit’ to donors. Some of the successfully funded campaigns on the platform include those for the Kerala Floods and a project titled, ‘Two Wheels of Hope’, which provided cycles for schoolgirls, among other campaigns.
From startups, films, music, and technology, Catapooolt is a platform for funding personal projects or enterprises and businesses. It is more than a crowdfunding platform as it offers options for campaigners to partner within their network of investors, incubators, accelerators, mentors, and for marketing, distribution and sales and community endorsements. This makes the platform, as it claims, a comprehensive ecosystem for crowdfunding.
3. Milaap – crowdfunding for personal and social causes
Most preferred for raising funds for personal and social causes, Milaap is a platform for individuals, NGOs and social entrepreneurs to raise funds for causes. The platform offers micro-loans to people in rural and under-served regions in the country to support projects related to education, water, sanitation, health, and energy.
Perhaps lesser known in comparison to other names among the crowdfunding sites in India, Crowdera is a completely free global crowdfunding platform that launched in India in 2016. Being free, the platform does not charge any commission from those who start campaigns and raise funds. It is privately funded by the founders. Moreover, this crowdfunding site allows a wide bracket of campaign fund targets ranging from a minimum goal of Rs 500 and a maximum goal of Rs 99,999,999.
Great ideas and startups need a boost with funding. And with the increasing number of crowdfunding sites in India, founders and innovators have a range of options to choose from. Apart from this, Government is also encouraging such Crowd funding platforms which in turn a boost to the companies, people and country.