It is observed that, crowdfunding industry has generated $34.4 billion capital from 2016. If we talk about India’s crowdfunding sites then, it is the 2nd largest internet market place which has more than 342 million users who pay online and make it easy to give money.
Although there are many leading players in the market when it comes to crowdfunding but in this article we have prepared only top ten crowdfunding sites in India that are not only popular but also contributes in various areas and helps people at a very low commission fees. Crowdfunding is the best way to help people, organisations, non-profits, society, films, music, arts, design, medical, health etc. In the below list you can see some of the best crowdfunding sites in India in 2019 which are simply good.
10. Impact Guru
Impact guru is India’s leading crowdfunding site founded in 2014. It helps social enterprise, individuals, non-profits, corporate, startups for their fundraising needs. It is based in Mumbai, Maharashtra, India. It engage in investment fundraising, reward crowdfunding and donations. Impact guru is one of the popular crowdfunding site and more than 100 organisations from 6 countries have been benefited by this site. Khushboo Jain and Piyush is the co-founders of impact guru.
Milaap was founded in Bangalore in 2011 and it started as crowdfunding platform for micro loans for people in rural India, helping low income borrowers with projects such as, water, sanitation, education and energy. Site has lenders and donors from over 120 nations for close to 55,000 projects. It is one of the best crowdfunding sites in India which has risen over USD $12.8 million. It allows micro lending and donations for neighbourhood projects, emergencies, micro business projects, medical conditions and natural calamities. Mayukh Choudhury and Anoj Vishwanathan are the co-founders of the Milaap.
This crowdfunding site was founded in Palo Alto, California, USA in October 2014. It was founded by 2 Indians and an America which helping individuals, several prestigious non-profits, and organizations. It is a completely free global crowdfunding platform that launched for Indian fund raisers in April 2016. It does not charge any kind of commission and has a motto; Doing good must not be Penalized. It has risen over USD 537,000 and it is founded by Chet Jain, Chaitanya Atreya and Rich.
This prestigious crowdfunding site was founded by Ishita Anand in 2013. Its headquarters is in New Delhi, India. it is a platform which enables, engineers, artists, and creators of all kinds to come together and share their stories and raise funds online for creative, social and entrepreneurial projects. Its contributors through non-monetary incentive such as, personalised cars, social media call outs, VIP passes or tickets to workshop, pre orders or discounts on products etc. it charges 6 to 10 percent commission of the total amount funded, depending on whether the seekers are individuals, corporate, non-profits or organizations.
Catapooolt crowdfunding site was founded in July 2013 by Satish kataria. It helped fund raisers bring to sports, life creative, social enterprises, political projects and business startups. It has risen around USD 150,000 from over 2,000 contributors. It also helped fund over 40 projects. It is one of the best crowdfunding sites in India that charge 10 to 15 percent commission of the total funding raised.
This crowdfunding site was founded by Ranganath Thota in April 2016. It is based in Bangalore, Karnataka, India. It was launched with 14 projects and focuses on social causes, creative arts projects and charities. The company has its own marketing and content team that will help together the online pitch and help design a reward system for each and every project. 9 percent commission charged by the company on total amount collected during the campaign.
Wishberry is a crowdfunding and donations for reward platform founded in 2011. Priyanka Agarwal and Anshulika Dubey are the co-founders of the company while it is based in Mumbai, Maharashtra, India. It is dedicated to funding creative prokects like, standup comedy, music, art, film production, dance, publishing theatre, design and photography. It has completed 325 projects so far and raising almost USD 1.3 million from more than 11,000 backers in around 60 nations. It charges onetime non-refundable fee of 10 percent of the total amount of fund raised.
Ketto is crowdfunding company that founded in 2012. It is based in Mumbai, Maharashtra, India and Kunal Kapoor, Varun Sheth and Zaheer Adenwala is the co-founders of the company. It helps social projects, non-profits, NGOs, charities, theatre, music, movies, technology, fashion, travel, health and educations, creative arts, personal development etc. 5 to 8 percent commission charge of the total amount of raised. It is one of the India’s leading crowdfunding sites that support 10,000 projects so far.
Faircent is another big name in crowdfunding field. It is Gurgaon based company while founded by Rajat Ghandhi, Nitin Gupta and Vinay Mattews. It is a leading virtual marketplace and lending platform where lenders and borrowers can interact directly without the involvement of banks. it has more than 26,000 want to be borrowers and 6000 potential lenders on its platform and disbursed total loan of USD 973,000 in the last 2 years.
1. Rang De
Rang De was founded in 2008 in Bangalore, Karnataka, India. It is a peer to peer micro lending platform that facilitates low cost or micro loans to rural entrepreneurs across the nation with help of funders. This crowdfunding site is also funded by World Bank through development marketplace. It is one the India’s leading crowdfunding site that charges 4.5 to 10 percent per annum for collateral free loans. Smita Ram and Ram N.K are the co-founders of the company.
From the above Article it is clear that crowdfunding industry business increasing day by day globally and India is the 2nd largest country where more 342 million people use mobile and contributes through various payment options. Crowdfunding sites helps people Crowdfunding is the best way to help people, organisations, non-profits, society, films, music, arts, design, medical, health etc. from the above discussion we got to know about top ten best and famous crowdfunding sites in India.