Status of Crowdfunding in India

 

Crowdfunding is a kind of small contribution that is received from a number of individuals which in turn becomes big. 


Crowdfunding

It is a way of gathering funds through social media where a crowd of people who share the same interest help you to get the funds and reach your aim by helping. It is an easy way of getting funds and at the same time, getting popularity. 


Raising funds for your startup might be tedious with bank loans, venture capitals and angel investors but unlike all these ways it is easier in crowdfunding.


Crowdfunding startups in India are great at getting funds considering the population of India and the youth population in India. 


It could be quite a statement of how to manage your startup business but with crowdfunding and crowdsourcing it could be only a statement and not a big deal. Before getting money for your startups take into consideration the different funding stages to decide which kind of fund you need. 


Top crowdfunding sites in India are as following:-

  1. Kickstarter

  2. Milaap

  3. Go fundme

  4. Indiegogo

  5. Ketto

  6. Circleup

  7. Patreon

  8. Wishberry

  9. FuelAdream

  10. Fundable 


There are five types of crowdfunding in India which are as following:-

  1. Donation/social lending

  2. Pre-order Crowdfunding

  3. Reward Crowdfunding

  4. Debt Crowdfunding

  5. Equity based Crowdfunding


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