Before we discuss the Best Crowdfunding Platforms in India, let us discuss something about crowdfunding. Crowdfunding is the latest method to raise funds for any special cause where people need investment and they are short of funds. In India, crowdfunding has completely revolutionized the arena of fundraising for social causes. As India is growing as an economy and many people are raising their standard of life, there are still many who are finding it difficult to make ends meet. There is a huge gap between rural areas and urban areas when we look at the standard of living and the capacity to afford many basic facilities to live a happy life.
In this article, we have prepared a list of the Best Crowdfunding Platforms in India for you. Since India is a culturally rich country where its citizens believe in giving to the person in need, many people are willing to donate funds to the people who are facing hardships in life. Crowdfunding platforms are providing the solution to bridge the gap between donors and the people who need funds. A person can donate a very small amount as per his position and even small donations from a large number of people can change the entire life of a family or a person in need.
Crowdfunding can play a pivotal role in raising funds for many social causes. A donor can donate an amount for the education of underprivileged children, financial emergencies for a family, various environmental issues, women empowerment, medical or health emergencies, etc. Crowdfunding platforms are built with the latest digital techniques where ease of donation is the main factor. An organization or trust that is working for social causes can create awareness about a particular issue and start a very effective donation campaign with the Best Crowdfunding Platforms in India.
As we discuss the Best Crowdfunding Platforms in India, first we need to understand there are many types of crowdfunding. A student can try to raise funds for his higher education abroad or a business startup can try to generate funds for their operation. The one which we will focus on in this article that is an NGO or a charity can try to raise funds for social causes. So first we need to select the type of fundraising platform based on our goal.
Some Crowdfunding platforms charge annual fees and some Crowdfunding platforms can charge monthly or a subscription-based model. There are Crowdfunding platforms that do not charge any fixed amount but they take a percentage of the fund amount raised by the campaign. We can choose the method which suits the best for the campaign.
We also need to keep in mind the crowdfunding platform has to have a strong online presence. We can check their online social media pages to get an idea about their followers and their engagement on social media. Now when billions of people are active on various social media platforms, the crowdfunding platform has to be well positioned on social media. It is very easy to create different campaigns on social media to grab the attention of the users online. These are the same users who will donate the funds for the campaign.
Also, the crowdfunding platform should have integrated the popular online transaction methods to provide ease for the donors to donate the amount. The crowdfunding platform has to be transparent in collection funds and should provide all the details and reports of the progress of the fundraising campaign. Also, the interface of the crowdfunding platform has to be easy to use and understand.
Started on 24th November 2023, Ravik Foundation has gained the trust of many donors in a short time and it ranks at the top among the Best Crowdfunding Platforms in India in our list. Ravik Foundation provides a crowdfunding platform for those NGOs or organizations who are working in the field of development of education of children, healthcare, community development, and empowering marginalized segments of society. Ravik Foundation has successfully launched campaigns to preserve the arts and culture of India, empowering women in India, and the field of education of underprivileged children in India.
In a country like India where poverty is still a significant issue, the Ravik Foundation has also launched campoaigns to make people aware of food and hunger problems in different parts of India. The Ravik Foundation has also launched a remarkable campaign for community development which has a tremendous impact on the development of the nation.
Ravik Foundation has a strong online presence and deals with a very high level of transparency in its approach towards fundraising campaigns. There are many testimonials of their work listed on their website Ravik Foundation Initiatives Picture Gallery.
If you wish to visit the Ravik Foundation Platform, click here
ImpactGuru is a foundation started by Jain couple Piyush and Khushboo Jain. Impactguru Foundation works in the field of medical emergencies. People who are suffering from illness and can not afford the costly treatment. ImpactGuru Foundation provided a platform for the NGOs who are working in this field.
Impactguru platform provides a video creator option and once the required documentation and verification is complete it shortly shares the creative on its different online platforms. Impactguru platform charges 5% of the total amount raised by the fundraising campaign.
If you wish to visit the Impactguru platform Platform, click here
Milaap crowdfunding platform can be crowned as the first-ever crowdfunding platform in India. Millap works in many areas including the healthcare sector, education sector, social causes, disaster relief, and personal causes. Milaap was founded by enthusiastic youngsters in the year 2010.
Milaap works on a simple revenue model that takes a flat amount of fee to subscribe to their platform and once that amount is paid there will be no more charges by Milaap further. It has a large community and you can create a strong campaign with photos and videos.
If you wish to visit the Milaap platform Platform, click here
Ketto was founded by individual Varun Sethi from Mumbai in the year 2010. Ketto can be considered the largest fundraising platform in Asia. Ketto is a platform that offers services to raise funds for charities, personal projects, and medical costs.
Ketto charges one-time fees to join their platform and once the basic document verification is complete then you can create a well-organized campaign on Ketto’s platform. You can also create a microsite on this platform. Once the profile is complete then Keto shares the campaign on their website and other online platforms to spread awareness about the issue.
If you wish to visit the Ketto platform Platform, click here
5. Crowdwave Trust
The Crowdwave Trust crowdfunding platform was started by Rithika Rai Reddy from Chennai in the year 2017. This platform offers its services to raise funds for NGOs.
The Crowdwave Trust crowdfunding platform offers tax benefits to all its donors and they do not accept any international transactions. The Crowdwave Trust crowdfunding platform works with registered NGOs to make more awareness by well-curating their campaigns. They even offer events like Yoga classes and workout sessions.
The Crowdwave Trust crowdfunding platform leverages social media platforms and communities to spread the word about the campaign which helps tremendously to increase the donation amount.
If you wish to visit the Ketto platform Platform, click here
As we have discussed in this article, crowdfunding is the latest trend in generating funds for various causes. You can raise funds for various causes which can change a person's life. Any difficulty can hit any time without any warning so sometimes it is difficult to face challenges in life. However, a good crowdfunding platform can help you to raise donations with a strong campaign. You can create a campaign for various social causes like Women empowerment, Community development, Education, Hunger, and Food issues.
1. What types of campaigns can be funded through crowdfunding platforms in India?
Ans: Crowdfunding platforms in India support various projects, like social causes, community development, health emergencies, creative projects, and startup venture funding.
2. Are there any charges for using crowdfunding sites in India?
Ans: Different crowdfunding sites in India have different price options. Some charge a fixed amount to get onboarded on the platform. Some platforms take a specific percentage of the amount out of the total funding raised. Whereas some charge monthly or yearly subscription charges.
3. How much time does it take to receive funds raised through a crowdfunding campaign?
Ans: It depends on the terms of the platform. Some platforms have a fixed period after that you can withdraw the raised amount. Whereas some platforms can put a condition to wait till a specific amount is raised and then only you can withdraw the raised amount.
4. Is crowdfunding legal in India?
Ans: Yes, crowdfunding is legal in India. But before you get connected to any platform you should check whether they are registered with concerned authorities and you can ask for some licensing documents from the platforms.
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