Top 9 Crowdfunding Platforms in India for Startups

Crowdfunding Platform is a relatively new practice of funding in which instead of seeking a loan from a bank or financial institution or angel investors, a company funds its new project by raising money from a community of people where each of them invests a certain amount, generating a large fund, for a particular project.

The crowdfunding investment technique can be used by any company, new or old, at any stage of the project development and whenever the need for financial support arises. It is usually limited to small funding requirements.

Crowdfunding, like crowd-sourcing, is a way of accepting money/information from a number of people who are related to a particular field.

Crowdfunding is probably the best way for a startup or a small company to raise funds for a new project. That, along with the internet advantage, makes it an obvious choice for modern business fundings.

However, finding people who would be interested and compelled to invest in your idea/project is not that easy. In fact, this is the reason why many companies avoid this funding option.

Thankfully, there are a number of crowdfunding websites that can help you find the people for your funding needs. In this article, we will talk about some of these Crowdfunding platforms that provide crowdfunding for startups.

Top 9 Crowdfunding Platforms Of 2022

Here are the top 9 Crowdfunding platforms that can you help you find the people for investment in your startup or a new idea/project.

1. Kickstarter

Kickstarter has been providing crowdfunding for startups for a long time now. It has even become a general term for online crowdfunding.

Kickstarter accepts contributions in the form of pledges which are given by the general public to support a new idea, project, or invention. You can raise funds for almost every type of creative idea, such as a movie, a book, an album you want to develop, or a futuristic invention of yours.

However, the funding is strictly for an idea or project and not for buying equipment or resources or even helping an NGO.

2. RocketHub

If you are looking for an equity crowdfunding platform, RocketHub is the place for you. It provides a perfect platform for entrepreneurs and new businesses to raise capital for their upcoming projects by selling shares of an unlisted company.

It is not easy to find buyers for your company shares when your business is not even listed on a stock exchange. This is where RocketHub, which is arguably one of the best equity crowdfunding sites in 2021, comes in.

They have a community of investors with whom you can connect in the ELEQUITY ROOM to share your idea and find those who might be interested to fund it, in exchange for a sharing in the company.

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3. Indiegogo

The platform works more or less similar to Kickstarter, except for the difference of allowed industries. For instance, Indiegogo allows fundraising for nonprofit projects and organizations as well.

It also supports Flexible Funding, where the organizer gets to keep the funds raised by them even if the target is not met. This is a very useful option since not all of the projects on these online platforms successfully meet their crowdfunding goals.

4. Crowdfunder

The Crowdfunder platform gives you access to a host of angel investors and venture capitalists who are there to invest in every kind of project with a realistic idea.

If you are looking to raise funds by selling debt or equity in your company, this is a perfect equity crowdfunding option for you.
If your project idea is worth their time, you can easily manage to find reliable investors through this platform.

5. GoFundMe

It is more personal than a professional purpose crowdfunding platform, where anyone can ask for funds for any personal emergency.
It is like borrowing 100 bucks from your friend with the promise to return it in time.

However, GoFundMe can also be used to raise funds for short-term and small projects. If you are looking to get money for an emergency cost that you cannot fund by yourself, this is the platform for you.

6. Charitable

Charitable is a fundraising application that is available in the form of a WordPress plugin that you can directly integrate with your website and start accepting donations via PayPal.

This is a particularly useful fundraising mechanism for nonprofits that want to raise donations from their followers and the public without having to pay a transaction fee, as the plugin is free to use.

However, it doesn’t provide a platform to find investors. You are supposed to have your own blog along with a way to bring investors to it.

7. Kiva.Org

Kiva is a special kind of crowdfunding platform which works on the mechanism of lending-borrowing. There are no angel investors, but concerned people who help others by lending micro amounts for their startups and new projects.

The platform is accessible all over the world and can be used for funding specifically in micro and small business spaces. The funds you can borrow or lend has virtually no limit. The loan you make is returned back in time so that you can help others by using that money.

8. Seed & Spark

Similar to music funding, Seed&Spark platform is particularly designed to fund movie projects. As you can imagine, the platform lets moviemakers share their ideas and get funds to fuel their projects.

The funds can be raised for almost every kind of movie, including documentaries, comedies, dramas, and even theaters. If you are investing in a movie through this platform, you can also analyze your crowdfunding investment return by watching the movie in which you’ve invested.

9. InnoPitch

Similar to other funding platforms,  InnoPitch is particularly designed to fund start-up projects. As you can imagine, the platform lets founders share their ideas and get funds to fuel their projects.

The funds can be raised for almost every kind of start-up, including fintech , deep , If you are investing in a start-up through this platform, you can also analyze your crowdfunding investment return by watching the startup in which you’ve invested.

Related Article: Startup Funding in India