Top 8 Crowdsourcing & Crowdfunding Platforms in India [2023]

Crowdfunding is an act of raising small amounts of capital from a large number of people. Crowdfunding has been around for ages and the concept was first introduced in 2006 by a group of entrepreneurs with the vision of providing everyone with the opportunity to support the causes they believe in through online platforms. It has now become one of the most popular ways for startups and companies to raise funds from investors around the world. In India, crowdfunding is still nascent, but it is gaining popularity among social entrepreneurs and start-ups who want to raise funds without returning to any lender or investor.

1.JM Financial

JM Financial is a crowdfunding platform focused on Indian startups. The company has been around since 2012, when it started as an equity-based funding platform for Indian startups looking to raise capital in the Indian market. Since then, JM Financial has expanded its reach to include debt-based crowdfunding (also known as peer-to-peer lending) and other financial services for SMEs in India. The company has earned a reputation among the startup and venture capital communities in India over the years as one of the best places to get funding if you are an entrepreneur looking for investment capital.

2. Capitals marked

The startup was founded by Sanjay Sharma, who previously worked at Rocket Internet. He is also the co-founder of Gharsenaukri and Career Huddle.

Marquee Equity is a crowdfunding platform that helps startups raise funds and connect them with investors. The platform is based in Mumbai, India and has raised million in funding from investors like Nexus Venture Partners and Blume Ventures, among others.

3. Savart

Savart is a CrowdInvestment platform founded in 2018. The company is based in India and has raised million from investors. Savart’s mission is to democratize access to capital while ensuring investor protection. The company facilitates the investment process by providing standardized contracts and due diligence reports, enabling investors to make informed decisions about their investments. Savart has become one of the few licensed NBFCs in India that have also been certified as A-rated NBFC by Crisil (National Credit Rating Agency in India).

4. Living capital

Vivriti Capital is a platform that connects investors with entrepreneurs seeking funding for their business ideas. Vivriti Capital provides a platform for entrepreneurs to present their ideas to investors, who then decide whether or not they should invest in the startups’ projects.

Vivriti Capital is one of the best platforms for startups in India. The funding model of this platform is very transparent and efficient, which gives it an edge over other crowdfunding companies in India.

5. Lender

LendBox is a marketplace for small business loans. It is an online platform that connects lenders and borrowers in the SME sector by providing access to capital at affordable rates.

The company was founded by Rajat Gandhi, who is also its CEO. In 2016, LendBox received funding from a group of investors, including Mohandas Pai and Kavin Mittal (son of Sunil Mittal).

6. Impact Guru

Impact Guru is a digital platform for social impact projects. It allows users to create, fund and manage social impact projects. The platform is free and does not charge any fees from project creators or funders.

Impact Guru was developed by Impact Guru Foundation, a non-profit organization registered in India.

7. Ketto

Ketto is an India-based crowdfunding platform that connects people, ideas and capital to make the world a better place. Ketto has raised over million for over 200 projects in India. The platform offers a range of innovative solutions for companies looking to raise capital or retire their idea by harnessing the power of social media, word of mouth referrals and digital marketing.

8. i2ifunding

If you are looking for a crowdfunding platform that allows you to fund your business, I2Ifunding is a great option. The company is an equity crowdfunding platform that also has peer-to-peer lending and market lending services. Moreover, they have a dedicated section for SMEs in India.

With i2Ifunding you can fundraise from friends and family as well as strangers on the internet. You can do this by selling an ownership stake in your business (equity), borrowing money (peer-to-peer), or selling products and services directly through the website (Marketplace).

Conclusion

Crowdfunding is the future of fundraising and helps entrepreneurs find investors and vice versa. Crowdfunding websites are great platforms to get funding for your business/project by selling equity or debt in your business. To start a crowdfunding campaign, all you need is an idea backed by a plan for how you will use the money raised from investors.