Do you have a profitable business idea that requires funding? Then crowdfunding might be your next available option. Crowdfunding is becoming an increasingly popular way for entrepreneurs to fund their business ideas.
Not all business ideas require a grant, bank loan or VC funds to get started. Crowdfunding essentially relies on the idea of democratizing the flow of money into a project or business. Today, millions of projects in the United States of America have seen the light of the day thanks to strong backing from the community in exchange for simple yet fun and exclusive rewards.
Whether you’re funding the next hottest startup, a creative endeavor, or a caused-based organization, you’ll find a crowdfunding site below that might just be perfect.
Milaap is an online crowdfunding platform that enables anyone across India to raise funds for healthcare, education, sports, disaster relief, and other personal causes, with great ease. Founded in 2010 by a team of young and passionate entrepreneurs, Milaap has pioneered the development of person to person giving in India.
What started as a platform to fund rural projects and micro-entrepreneurs, is today widely utilized by Indians to raise funds from friends, family and a wider social network for medical needs, loved ones and charity. Milaap is soon becoming the go-to platform for funding cancer treatment, transplants, and other critical emergencies.
Wishberry is a crowdfunding platform inspired by Kickstarter. It began in 2012, and it is one of the most successful platforms for Creative Artists. It is a reward-based crowdfunding site, where the people who contribute, get rewards related to the project. Listing your crowdfunding on this platform costs Rs.3999, and upon withdrawal, Wishberry deducts 10% as platform fee.
Wishberry is a rewards-based crowdfunding platform, which means that funders do not get any monetary return (such as profits, equity etc.) for their funding to creative projects. They are asked for small amounts (such as Rs. 500, 5000, 10,000 etc.) in return for intangible rewards such as an early bird or special access to the project they funded (invite to film premiers), limited edition merchandise, experience in the making of the project etc.
Fueladream is a crowdfunding platform that is committed to radically changing the lives of people in India. The platform serves as a marketplace for people & organizations that currently aims to raise funds for creative ideas, causes, charities, events and community-led activities with an initial focus on India.
Crowdfunding involves creating a community of people who understand the power of giving & can translate that to making an impact. Campaign owners(those who want to raise money) can showcase their stories and get funders (both individuals and corporates) to support them on our platform.
Ketto is a crowdfunding platform which raises funds for various categories like NGOs, non-profits and is also used to support creative as well as personal causes. It was founded in 2012, and it is based in Mumbai. The platform fee is 6% while the upfront fee for setting up a campaign is over Rs. 2000.
Ketto is where you raise funds online for charity. Ketto is where you drive social change. Ketto is where you are empowered to empower. Millions of people successfully raised funds on Ketto for their cause.
Impact Guru is a donation-based crowdfunding platform that offers global crowdfunding solutions for NGOs, social enterprises, startups, and individuals. Launched in India in September 2015. Impact Guru has mobilized over $83 million for various NGOs and social enterprises in more than 15 countries.
Impact Guru is used to funding various causes ranging from donation-based to reward-based, personal or a cause, they have it all covered. All you have to pay is the platform fee of 5%.
Kickstarter is a funding platform for creative projects. It is a great platform for artists, filmmakers, musicians, designers, writers, illustrators, explorers, curators, promoters, performers, and others to bring their projects and ambitions to life. Project creators inspire people to open their wallets by offering products, benefits, and fun experiences.
On Kickstarter, funding is all or nothing, so you must meet the goal you set within the allotted time or everyone gets their money back. It’s free to create a project on Kickstarter, but if it’s successfully funded, Kickstarter applies a 5% fee to collected funds. There will also be processing fees between 3-5%.
BitGiving is an online crowdfunding platform to raise funds that give wings to entrepreneurial ideas, creative minds, and social issues. BitGiving enables artists, engineers, and creators of all kinds to come together in a bid to raise funds online and share their stories.
BitGiving is all about taking an extra step to show your support! Not only can you contribute and invite your friends and share the project or campaign on various social networks, you can also create a Support Campaign for a cause you really believe in, for a special event in your life, like your birthday or anniversary. The platform fee varies between 6-10%.
Indiegogo is a global crowdfunding platform empowering people around the world to fund projects and ideas that matter to them. The platform enables individuals and startups to generate pre-sales and collect feedback from early adopters before they manufacture their products.
Indiegogo offers both live crowdfunding campaigns and a marketplace for innovative products. Since inception in 2008, it has helped entrepreneurs across the globe raise over 1 billion dollars for more than 650,000 projects.
Catapooolt is a crowdfunding ecosystem for those who not only believe in the power of ideas but also want to be part of the change they wish to see happen. Whether it’s your project or someone else’s you support, Catapooolt will bring together communities, relevant partners, latest tools and resources to enable what every idea needs to be successful.
Catapooolt is an organization based in Mumbai. It began in 2012. This platform charges Rs. 1499 as an upfront fee and an additional 10% of total funds raised. From startups to Parallel Cinema and from DJs Racing Car to India’s leading political party AAP, Catapooolt has helped fundraisers bring to life creative, sports, and political projects, social enterprises, and business startups.
MicroVentures is an equity crowdfunding investment platform, combining the best of venture capital with equity crowdfunding. Since 2009, MicroVentures has been helping businesses (including Facebook) access capital from both accredited and non-accredited investors.
MicroVentures reviews an applicant’s idea, team, traction, market size, and other factors before selecting the startup to be featured on its site. From there, the funding process typically takes six weeks, according to the company’s website.