These include equity, debt and reward-based crowdfunding. Many entrepreneurs in India have already seen success with crowdfunding for their social impact projects and charitable causes.Įach platform focuses on a different section of the market. However, it is still a relatively young phenomenon. Crowdfunding for startups has grown in popularity in India through various sectors, including medical expenses and social impact businesses. It started as a trend in Western markets and is now mainstream, especially for startups. Venture Capitalists - Major Differences What Are Crowdfunding Platforms? Surprisingly, a campaign that provided the name, age and pic of the recipient got 79% more backers in comparison to the campaign with the unidentified recipient.Īlso Read: Angel Investors vs. Yes, according to a psychological study, they identified after looking at the donations on the basis of how much information was provided by potential donors regarding the funds of the recoupment in the campaign. If you add personal information, you can get more backers by 79%. Go through the features and offerings and decide which one suits you the best. So, which are the different crowdfunding platforms in India to use? If you're looking to raise money for a good cause, you might consider the following most popular crowdfunding site in India. It allows people to help new businesses succeed, but it also has a huge network of donors who support projects worldwide. There are many benefits of crowdfunding for small businesses and entrepreneurs.
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