crowdfunding india

Crowdfunding India: 7 Different Platforms

There are several crowdfunding India platforms available online and it can be challenging to know which is the best suitable platform for your project.

Read more on the crowdfunding platforms you may explore if you reside in India.

1. Kickstarter

Kickstarter is one of the first crowdfunding sites in India. The platform is most known for creative projects. Films, books, research, and innovation are some of the kinds of campaigns that are often seen on this platform.

From edible cutlery to a photographic series on Indian deities, to wearable health tech for social impact, Kickstarter supports myriad initiatives. The campaigners are also expected to offer different rewards for different categories of funds to the donors.

Some of the successful campaigns on Kickstarter: The Sweet Requiem campaign – a film that narrates the story of a Tibetan woman living in India and her traumatic escape from Tibet – saw 296 backers with a pledge of $ 33,889.

Another project, Edible Cutlery: The Future of Eco-Friendly Utensils had more than 9000 backers who pledged $ 278,874.

Focus areas: creativity and merchandising

Purpose/mission: to bring creative projects to life

2. Wishberry

For those looking to fund creative projects, Wishberry is the platform to go to. The website is strictly for creative projects only. Art, comics, publishing, theatre, music, and dance, the platform supports all projects, creative.

It also helps campaigners with consulting and marketing services. Like Kickstarter, Wishberry is also a rewards-based platform. Funders and donors receive rewards from the projects that they fund.

Focus area: creative projects

Purpose/mission: to bring creative and innovative ideas to life and build a community of patrons for creative ideas in India.

3. FuelADream

A rewards-based crowdfunding platform, FuelADream gives campaigners the choice of AON (All Or Nothing) and KWYG (Keep What You Get). It is a platform that believes in “quality more than quantity”, as stated on its website.

A number of crowdfunding platforms face the issue of authenticity and genuineness of the campaigns posted on the platform. FuelADream keeps the number of projects less, in order to tackle this issue. A section called ‘Crowd Favourite’ lists the most-liked and most-funded campaigns.

Focus area: creative ideas, causes, charities, events, and community-led activities

Purpose/mission: to change the traditional methods and simplify raising fund

4. Fundable

One of the few crowdfunding sites in India that completely focuses on small businesses and enterprises, Fundable features campaigns across business sectors in India. The platform features campaigns across business sectors.

From raising funds for affordable clinical diagnoses to intellectual travel experiences within India, entrepreneurs and businesses across sectors have used the platform. Among other sectors are banking, travel, food, and beverage, and fitness. A section ‘New and Noteworthy’ ensures that people who want to support can browse through the newest and most engaging campaigns.

Focus area: small businesses

Purpose/mission: to help get businesses funded

5. Ketto

With a wide range of focus, Ketto is among the well-known crowdfunding sites in India. The platform features campaigns for health care, education, personal campaigns, animal welfare, sports, children and women empowerment. To make it easier for donors, Ketto has sections such as ‘Urgently Fund Required’ and campaigns that can provide ‘Tax Benefit’ to donors.

Some of the successfully funded campaigns on the platform include those for the Kerala Floods and a project titled, ‘Two Wheels of Hope’, which provided cycles for schoolgirls, among other campaigns.

Focus area: creative, entrepreneurial, NGOs, personal causes, education

Purpose/mission: bring social change, raise awareness, raise funds

6. Catapooolt

From startups, films, music, and technology, Catapooolt is a platform for funding personal projects or enterprises and businesses. It is more than a crowdfunding platform as it offers options for campaigners to partner within their network of investors, incubators, accelerators, mentors, and for marketing, distribution and sales, and community endorsements. This makes the platform, as it claims, a comprehensive ecosystem for crowdfunding.

Focus area: individual projects, startups, enterprises

Purpose/mission: provide an ecosystem for crowdfunding

7. Airfunding

If you are on the lookout for a platform that does not have a specific niche, then Airfunding is for you. Airfunding is a global donation-type crowdfunding service. Anyone in any country can quickly and easily create projects to raise funds around the world for their beloved ones, for themselves, for the community and for charity. This also includes India.

Take Lalith Arugula’s project for example. He was able to raise money amounting to $1,171 for ration kits to be distributed in India during the pandemic.

crowdfunding india

If you wish to start your own crowdfunding journey like Arugula, you can create a project in 5 minutes by clicking here.

Other Articles

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  2. Airfunding: How to receive my collected funds

Is Airfunding a trustworthy crowdfunding platform?

Crowdfunding has become an indispensable tool for raising funds for a wide range of purposes, including new product launches, medical debt, scientific research, and even personal projects. However, with so many different types of crowdfunding sites available today, you may be wondering which one will best suit your specific requirements.

Different people have varying considerations and factors that they look into. Read more about these specific factors and assess if Airfunding is your choice of crowdfunding platform.

Community

Based on the paper of Zhao and his colleagues, it is crucial that funders’ trust and commitment are established in order to increase the interests of the funder in investing in crowdfunding platforms. One way to do this is by building a strong community.

It is worth noting that Airfunding has a wide community from over 200 countries. Airfunding allows communication to the project owner by providing their details on the project page since mutual communication is vital for the funders and the project owner for seamless transactions.

In addition to this, Airfunding does not simply collect funds on behalf of project owners for we remain accountable to all the funders by providing constant updates on how the fund was utilized. Blog writers and PR team of Airfunding always try to keep in touch with project owners during the launch of the project and even after the collection of funds.

The commitment of Airfunding to create blog posts to guide its users and to provide updates for the project details is part of the effort to create a strong community and operate on the culture of trust.

Website Features

crowdfunding

Apart from the blog posts and regular updates, projects are also translated into 17 different languages which provide all funders the ease of understanding what they’re funding. Hence, this lessens the possibility of scams as the website is available in 17 languages, and staff who can communicate in English, Spanish, Indonesian, Russian, etc. is always available to assist you, so you can use the platform with confidence.

Furthermore, the contact details of Airfunding are posted on the website. If you have any concerns, then you may contact them via phone or email:

+1 630-708-7726 (Monday to Friday, from 14:00 to 18:00 JST)
info.airfunding@kiheitai.co.jp

On top of this, you may also check the Frequently Asked Questions page of Airfunding where the common concerns of project owners and founders can be found with answers coming in from the staff of Airfunding.

In terms of handling data and information, Airfunding assures that information is used only for crowdfunding purposes and these details are also laid out on the Privacy Policy published on the official website of Airfunding.

Fee Structure

For any crowdfunding platform, fee structure and collection of funds raise the most suspicion.

Some of the usual concerns of project owners are:

They cannot receive the full amount of funds they collected at the end of the project

In Airfunding, you are assured that you will receive the collected fund in full amount on or before the completion of the project. However, a commission fee of 8% of the collected amount is charged to the project owner for the expenses for transferring the collected amount such as credit card settlement fees, bank transfer fees, and the like.

This is not to be confused as a fee for posting the project since Airfunding platform fee is 0. Any individual is welcome to post as long as their identity is validated.

They want to receive the fund before project completion

This is possible in Airfunding. Project owners may request a withdrawal of the collected funds even if the project is still ongoing, as long as the following conditions are met:

・The amount collected so far is $100 or higher.
・The project owner has withdrawn less than the 50% of the collected support so far.

If you want to request a withdrawal, please go to My Project page and search for the option Withdrawal application for support.

Start with Airfunding now! 

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  1. How can I raise money: Best Crowdfunding site – Airfunding
  2. Airfunding: How to receive my collected funds

GoGetFunding Pros & Cons: 5 Best Crowdfunding Sites for Phillippines

Several crowdfunding platforms are available online, making it difficult to decide which to use. In fact, according to Fundera’s 2021 report, there were 6,455,080 worldwide crowdfunding campaigns last year. All of these campaigns were published on different platforms with varying aims and audiences. GoGetFunding is one of the popular crowdfunding platforms in the Philippines.

GoGetFunding
GoGetFunding

Learn more about GoGetFunding and other crowdfunding sites which you can check that best suit your needs and aim.

There are always pros and cons to any crowdfunding platform. Take for example GoGetFunding. Listed below are some of its pros followed by some lacking features that you might probably find on other crowdfunding platforms.

Pros of GoGetFunding

Easy To Use Platform

The GoGetFunding platform makes it easy for people to fulfill their dreams and claims to help them start in just ten (10) minutes. By registering and connecting your PayPal or bank account to GoGetFunding, users will have instant access to GoGetFunding’s website, which makes fundraising for anyone who wants some help very easy!

Best for Entrepreneurs

If you have a business pitch or idea, GoGetFunding is the best platform for you especially since they have an assigned personal fundraising coach. Your vision will surely be turned into reality with the help of a coach. It is worth noting though that you can still use the platform for other types of fundraisers like medical, volunteering, relief operations, and many more.

Cons of GoGetFunding

Limited currency support

As of the moment, GoGetFunding only supports 23 currencies: U.S. Dollar, British Pound, Canadian Dollar, Euro, Japanese Yen, Australian Dollar, New Zealand Dollar, Swiss Franc, Hong Kong Dollar, Singapore Dollar, Swedish Krona, Danish Krone, Polish Zloty, Norwegian Krone, Hungarian Forint, Czech Koruna, Israeli New Shekel, Mexican Peso, Philippine Peso, New Taiwan Dollar, Thai Baht, and South African ZAR (conditions apply).

It can be quite challenging for other countries to support your cause if their currency is not supported.

Alternatives to GoGetFunding

Indiegogo

If you are finding another platform that is best for creatives and entrepreneurs, Indiegogo is your best bet. With Indiegogo, people may support entrepreneurs and new technology from the earliest stages of development. With every campaign, people may choose to contribute at a level they can afford.

Kickstarter

Similar to Indiegogo, Kickstarter is banking on creativity. It is a global crowdfunding platform based in Brooklyn with a mission to “help bring creative projects to life”. The odds are that 9 out of 10 campaigns that accomplish a 25% funding level at some point will actually hit or exceed their funding goal, regardless of official numbers. With these figures, Kickstarter is quite known for having meticulous standards for its campaign and successful campaigns must pay a fee back to Kickstarter.

Gava

Gava is a crowdfunding platform with over 21K total donors and 100 live campaigns since 2016. A noteworthy feature of Gava is that donations are transparent, secure, and traceable thanks to its integration with blockchain technology.

Blend.Ph

If you wish to raise a specific amount of money in a short amount of time, you may opt to apply for a loan at Blend.Ph. Blend.Ph is an online P2P platform for personal, franchise, salary, and other types of loans. The only downside for this is that you will have to think of returning the borrowed money after the launch of your project.

Airfunding

On top of these existing crowdfunding platforms, Airfunding can be your option since it caters to the Philippines as well. On top of this, it is not only limited to a specific niche. You may create a project for any cause – medical, disaster, personal, community, study abroad, animals, or even COVID-19 relief.

Furthermore, you can easily open a project. There are no fees to open a project in Airfunding. It only takes 5 mins to set your target amount and completion date, and then set an image and project title that best describes your situation. There are no hard to fill out and to fulfill requirements.

You may start your crowdfunding journey by creating your project here.

GoFundMe Alternatives: 5 Best Crowdfunding Sites for Philippines

Everything is digital. Raising money isn’t an exception to this, for you can raise funds for your non-profit cause, charity, startup business, or personal needs online with the help of crowdfunding platforms. To date, there are 1,478 crowdfunding organizations in the US alone based on the 2021 Crunchbase report. On top of this, it is projected that the crowdfunding market will grow by 13.86% this 2021, with a majority of the growth coming from the Asia Pacific region (Technavio, 2021).

The said figures are no surprise since various crowdfunding platforms provide convenience and ease of use that individuals and organizations really turn to for their project, idea, or cause.

With a wide array of options, it can get confusing to identify which crowdfunding platform best suits your need.

GoFundMe

GoFundMe Crowdfunding Site

One of the known existing crowdfunding platforms is GoFundMe, a versatile platform with a track record of success of more than $10 billion raised last 2020 from over 150 million donations supporting individuals, causes, and organizations, as reported in a Businesswire article. People prefer using GoFundMe over other platforms due to its trusted reputation. In addition to this, there is no platform fee which makes it easier for individuals or organizations to reach their target funds quickly. However, this success and simplicity of GoFundMe as a crowdfunding platform aren’t accessible to Filipino users.

The only way to go about this dilemma is to find a crowdfunding platform supported here in the Philippines. There are several options available with varying niches: (1) Indiegogo, (2) The Spark Project, (3) Cropital, (4) Gava, and (5) Airfunding.

Indiegogo and The Spark Project

Indiegogo and The Spark Project are some of the known crowdfunding platforms for

creative innovations. These platforms would have charges regardless if your goal were achieved or not. It is worth noting that supporters get to experience the products or services being promoted in exchange for their monetary support.

Cropital

Cropital Crowdfunding Site

Cropital is a game-changer platform that provides a source of income for farm owners while giving gains also to investors or supporters. The funds directly go to the farmers, but Cropital charges a 5% service fee for the investors. 

Gava

Gava Crowdfunding Site

Gava is one of the leading portals for social and charitable causes, with over 4,000 funded and 100 live campaigns supported by 21,000 donors. This platform is integrated with blockchain technology, allowing donations from anywhere, making it accessible even in the Philippines.

Airfunding

Airfunding Crowdfunding Site

Whether you’re an entrepreneur, a project manager, or a student in need of funds, Airfunding is your best alternative to GoFundMe if you reside in the Philippines. True to its tagline, “Helping everyone, with everyone,” this crowdfunding platform is accessible to Filipinos with more than 200,000 projects in over 200 countries. In fact, there are several live projects in the Philippines that are posted, such as Rescue Philippines: Help for the victims of typhoon Rolly & Ulysses.

You have a great reach with Airfunding since the project description will be translated into 17 different languages, allowing the collection of funds from people around the world including Philippines.

In terms of the collection of funds, individuals or organizations may request the collected funds even if the target fund hasn’t been reached yet. This is what sets Airfunding apart from other crowdfunding platforms since not all platforms allow the withdrawal of funds easily, but with Airfunding, the collection of funds is a breeze. Additionally, you can easily open a project in 5 minutes by simply following the steps listed here.

As you choose your alternative crowdfunding platform to GoFundMe, bear in mind the length of your project, your purpose, its base here in the Philippines, and your target fund. 

Start with Airfunding now! 

6 Top Crowdfunding Platforms in Singapore

Do you have a business idea or financial problem, but you don’t want to apply for a personal loan because you are not confident it will get approved? Or, are you looking for some funding for your charity organization, but don’t know where or how to get it? Let us introduce you to CROWDFUNDING.
In Malaysia, there are lots of crowdfunding platforms you may choose from. Read all about them below and see which one fits your fundraising needs.