Crowdfunding has been a nascent trend in the country and has been taking toddler steps in the past few years with ascending popularity day by day. Before coming to the top tens we will be discussing here the meaning of crowdfunding for your better understanding.
Crowdfunding is pooling of funds by a group of people who feel for a cause or an idea relating to Social causes, Business/Startups and Arts & Culture etc. The concept of online crowding is quite popular in the west. Among the varied types of crowdfunding the most popular is reward-based crowdfunding which is also 100% legal in India which has received the best responses till date and still going strong. There are times when its difficult to change things alone than in crowd and hence, crowdfunding.
There are several models of crowd funding like Donation model, Charity model, Reward Crowdfunding, Lending Model, Investment Model etc. Crowdfunding websites serve as an online platforms help start-ups or small businesses meet their funding requirements and at a later stage helps in gaining acceptance of the product in the market.
Let us now unveil in this article the list of top 10 best crowdfunding websites in India, enabling you to pick out choicest platform to manifest your dreams soon enough keeping in mind the inherent virality of social media.
10. Fund Dreams India
This crowdfunding platform enables people to raise funds for personal causes, social causes & life events.
Fund Dreams India stands number tenth in the list of top 10 best crowdfunding websites in India.
9. The Hot Start
This crowdfunding website was launched in the year 2014 & stands number ninth in the list of top 10 best crowdfunding websites in India.
Focusing more on filming and artistic ventures, ‘The Hot Start’ has raised closely INR 50 lakh till date, fostering innovation & creativity.
It opens a platform where one can connect with like-minded people and get a path to fulfill their dreams.
It provides crowdfunding in fields like adventure, dance, comics, design, events, fashion, film & video, food, games, music, photography, publishing, technology, theater etc.
Project ideas which are funded here include fields like film, event, music, publishing, developing a product, designing a social innovation etc.
Catapooolt also supports crowdsourcing of talent and resources as well as Hybrid Funding (for bigger funding needs).
6. Bit Giving
Not only it helps individuals but, organizations and NGOs to raise funds for their projects, Bit Giving stands number sixth in the list of top 10 best crowdfunding websites in India.
5. Dream Wallets
It is an online reward-based collaboration platform for raising funds for ideas from a community of people and manifest your ideas, dreams and passions. The backers of the project here get rewards in a non-monetary way.
Its corporate office situated in Mumbai, has over 70% success ratio in the projects raised by this crowd funding platform.
Wishberry stands number fourth in the list of top 10 best crowdfunding websites in India.
This crowdfunding platform offers crowdfunding platform in the field of technology, film, business, community, music, education, design, environment, gaming, video/web etc.
One of the oldest crowdfunding website prevailing in the country was incepted in the year 2010 for personal and social causes. It mainly focuses to raise funds for poor class individuals, levying only its field partners a 5% fee for the funds raised.
Milaap’s founder members were Jayesh Parekh, Rajiv Madhok and Vijay Sharma. The community of backers/donors/lenders is spread across 120 countries across the globe, have contributed over Rs.63.34 Cr in support of 49,310 projects across pan India.
It provides a great platform for raising money for social causes (non-profits) Child Education, Women Empowerment, Sports, Environment etc.
This crowdfunding website has raised over Rs.1,00,00,000 (crore) for various causes. Ketto stands number one in the list of top 10 best crowdfunding websites in India.
Its partners and supporters includes Google Grants, KWAN, CAP India, DASRA social Impacts.