Today’s generation is too advanced as the millennials are nurtured in a techno-enabled world where they obtained good education and guidance to shape their future. And there are some crazy innovators who made their way to the world beyond cubicles. They have the potential to change the traditional 9-5 corporate world with their innovative & creative ideas.
If you are one of those crazy guys with a startup plan, then remember that your plan is not successful until it executes and to execute your ideas you will need to raise funds. Though banks used to be the only option for fundraising, there are hundreds of websites where people listen to your brand story, show interest, and invest in your idea or business.
While introducing your business is the first step to get funding for your business, we have shortlisted 5 top crowdfunding websites for startups where you can share your brand story and get a loyal following. Whether you are an artist or designer looking for funding for a startup, creative endeavor, or want to raise money to start a project, you will get something on the list of best crowdfunding sites for startups. Check it out!
Kick-start Your Startup Ideas With These Crowdfunding Sites for Startups
Do you have a successful business plan? Here are some crowdfunding websites where you can find your future business partner.
“You Have an Idea, They Have The Money! Let’s Start the Journey”
1. KICKSTARTER
One of the best crowdfunding sites in India helps creators with the resources they need to execute their ideas. Known for its interest in creative projects, this finding company has helped over 15 artists, musicians, filmmakers, designers, and other creators. This leading crowdfunding website has raised nearly $3.7 billion to fund 143,000 projects around the world.
It takes nothing to create a project on Kickstarter but you have to pay a 5% fee in case your idea gets funded by innovators. There is also a processing fee between 3-4% and most interestingly you can share your ideas with other campaigners.
2. INDIEGOGO
Unlike traditional crowdfunding sites, Indiegogo not only offers a live crowdfunding campaign but also has an online marketplace for innovative & creative projects. Raising funds is just the first step, campaigners can follow successful crowdfunding campaigns to improve their startup idea to raise funds.
Interestingly, there are no fundraising targets or deadlines, which means you can continue to raise funds and expand your business venture. The popular crowdfunding site has helped thousands of innovators to raise around 5$ billion to fund more than 650,000 projects. It charges a 5% platform fee for all business ideas. If you are raising funds for a cause, try Indiegogo’s sister platform GoFundMe without any cost.
3. CROWD FUNDER
This is one of the first crowdfunding sites in India for startups to reach a community of 200,000 entrepreneurs and innovators. This site provides equity crowdfunding which allows the creators to sell their shares to attract and accredited investors. This community has raised over $150 million from more than 12,000 VCs and angel investors to fund all types of startups from pre-seeding to series A funding.
CrowdFunder offers starter and premium programs to join the funding platform with a community of up to 50,000 investors. It also offers a variety of services like document storage and personalized support.
4. CROWD SUPPLY
Whether you have an idea like Ola-Uber, want to introduce your family recipe to foodies, or start a small business, Crowd Supply has something for you. With the mission to “bring original, useful, and respectful hardware to life”, they have raised funds successfully for nearly 70% of their launched products. The average amount of raised per launched business idea is $66,000 that is 6X higher than Kickstarter’s funding.
You can choose from a range of payment plans as Crowd Supply offers multiple payment options and the standard plan starts with 5% of gross campaign sales excluding processing fees. The guided play is 5-10% and the custom plan starts at 10-15% fees. You get different features with each plan, including the media asset creation and dedicated public relations team.
5. SEEDINVEST
This is slightly different from the rest of the crowdfunding sites in India. SeedInvest is one of the leading crowdfunding sites for startups & small businesses that work with high-growth, professional and early-stage startups to raise either equity or note funding. You will need to provide a pre-money valuation for pricing-rounds of equity, while for convertible notes, you will be asked to provide valuation cap, conversion discount, and term length.
To join the SeedInvest community, you need to create an application, send it to the screening committee for approval, and provide your due diligence before signing up for a profile. This platform is designed for those who dream big, hence takes minimum 60-days to complete. Creators need to pay 7% placement fees on total funds raised which will be charged after successful compilation of your campaign.
We hope you will find a light of hope from these crowdfunding sites in India. Also, if you have an innovative idea, you can share that with local companies and raise funds from there. Some multinational companions and foundations like Bill Foundation and Mahindra Rise are empowering young entrepreneurs by helping them with funds to start their Journey. So, if you want to grow, you just need a business plan and the rest these crowdfunding sites will manage.
