Crowdfunding may be coming to India according to recent statements made by the Securities and Exchange Board of India (SEBI) Chairman U. K. Sinha.
We are coming out with guidelines on crowd-funding soon, because we want to encourage young entrepreneurs to raise capital. Our aim is to help young people raise capital very smoothly.U. K. Sinha
India provides a potentially huge opportunity in regards to crowdfunding. That opportunity was outlined in an interview with NCFA India published to Crowdfund Insider last year. The country has a population of over 1.2 billion people and a rapidly expanding middle class. The entertainment industry could stand to benefit most from a legal equity crowdfunding framework.
As compared to developed markets, the Indian market still has limitations to raise funds for riskier or creative projects. But crowdfunding will certainly change that. In fact, crowfunding has already started gaining momentum in India and we believe that this year will be a revolutionary time for crowdfunding in India.NCFA India
[h/t Business Standard]