Tagged: india

Deputy Governor of Reserve Bank of India Calls for More Regulation with Internet Finance

S S Mundra

Speaking at the annual FBIC Conference that is taking place this week in Mumbai, SS Mundra, Deputy Governor of the Reserve Bank of India, called for more regulation in the burgeoning online finance space – including crowdfunding and peer to peer lending. “Crowdsourcing and peer… Read More

P2P Lending Marketplace Update: India’s Faircent Signs with TransUnion

Faircent founders

Indian P2P lending marketplace Faircent.com signed data and solutions initiatives with global risk and information solutions provider TransUnion, for real-time credit appraisal of borrowers, reported the Economic Times. According to the post, Faircent is the first P2P lending marketplace to leverage TransUnion’s capability in data, analytics… Read More

India-based Orios Venture Partners Launches US$150M Fund to Focus on Fintech, B2B Commerce & Used Merchandise

Flag_of_India

Orios Venture Partners, an India-based early-stage VC firm floated by serial investor Rehan Yar Khan, announced a new US$150 million fund according to e27. The new fund (Fund II) will primarily focus on startups working in the fintech, B2B commerce, used merchandise and affordable products spaces, as well… Read More

Brief: India’s Crowdfunding Platform Ketto Captures Over $700,000 During Latest Funding Round

Ketto

On Wednesday, India’s crowdfunding platform, Ketto Online Ventures Private Limited, announced that it has received over $700,000 during its latest funding round. Ketto, which was founded by Varun Sheth, Kunal Kapoor and Zaheer Adenwala in October 2012, is described as a crowdfunding space to campaign for social causes, NGOs,… Read More

India’s WorldArtCommunity Receives $200,000 From Angel Investors to Grow Online Art & Craft Marketplace

WorldArtCommunity

With the interest in Indian e-commerce and online marketplaces continues to grow, peer-to-peer commerce spaces are creating opportunities for both investors and start-ups alike. In line with the emerging trends, Gurgaon-based online marketplace for arts, crafts and design WorldArtCommunity has raised a round of angel investment… Read More

Healthcare Crowdfunding Platform Right to Live Seeks to Help Those Struggling with Medical Issues in India

Healthcare

A medical crowdfunding platform called Right to Live is looking for donors to help those struggling with healthcare expenses in India. The Bangalore-based platform is on a mission to create a transparent healthcare network that will enable financial donors, organizations, the corporate section and the government to come together to… Read More

Indian Social Crowdfunding Platform BitGiving Names Ishita Anand as New CEO

Ishita Anand

BitGiving, a social crowdfunding platform for individuals and organisations in India, has promoted Ishita Anand as its new CEO. Ishita, who co-founded the company, was serving as its chief operating officer (COO) since its inception in 2013. An erstwhile freelance film-maker, Ishita holds a BA (Hons) degree… Read More

India’s Largest P2P Platform Faircent Raises Capital

Faircent founders

According to multiple reports, peer to peer lending platform Faircent has raised capital giving an estimated valuation of the peer lending site of $4 million.  Specific details of the funding round were not readily available. VCCircle stated that “an undisclosed amount in funding from Devesh Sachdev… Read More

India’s GTU Innovation Council & Start51 Launch 7 Crowdfunding Projects

gtu

Seven crowdfunding projects were launched by Gujarat Technological University (GTU) Innovation Council and Indian online platform, Start51. The projects selected for crowdfunding are for an online portal for collection of leftover food,  Gujarat’s first Parkour academy, an electric circuit with a paint brush,  an open virtual classroom… Read More

Soul Tree Winemaker based in India Raises Equity in UK; Seeks £350,000 for Business Expansion

Soul Tree 3

Handcraft India based winemaker, Soul Tree, has launched an equity crowdfunding campaign on Crowdcube to raise £350,000 to expand its already successful business. The company, which has already won various awards such as Startups 100, Real Business Future 50 and Birmingham Chamber of Commerce Award,… Read More

How do Asian Crowdfunding platforms compare to their Western counterparts?

Asia Map on Globe

Crowdfunding is a burgeoning field in many parts of Asia. In comparison, crowdfunding in places like the United States has been around for a longer time. While the United States relaxed regulations on investment-based crowdfunding in 2012 (via the JOBS Act), rewards- based sites like… Read More

Famed Mumbai Film Festival Launches Crowdfunding Campaign After Shut Down Rumors Emerge

Mumbai Film Festival

Just after rumors of the Mumbai Film Festival shutting down, stars and film lovers in India have taken to social media to show their support for the popular event. According to Variety, the 16th edition of the festival is currently scheduled to run October 14-21. Unfortunately,… Read More

SilverAlms Responds to Question About Crowdfunding Platform

SilverAlms Logo

SilverAlms, a  recently launched crowdfunding platform based in India that raised questions regarding the veracity of their new site has responded to questions forwarded to a gmail account.  The interaction was engendered after SilverAlms emailed Crowdfund Insider responding to an earlier article as TheCrowdfundingCentre had… Read More

Scam? SilverAlms Crowdfunding Site Blatantly Copies Campaigns

SilverAlms Question Heart

Possible Scam Crowdfunding Site Created to Dupe Unwitting Donors. SilverAlms a donation crowdfunding site claims to be the “Worlds First Charity Crowdfunding Portal”.  But is it really?  The site appears to be a clone of crowdfunding campaigns from other platforms such as Indiegogo and GoFundMe… Read More

India Issues Consultation Paper on Crowdfunding

Map of India

The Securities and Exchange Board of India (SEBI) has issued a consultation paper  on crowdfunding.  The release was widely expected as India moves forward to regulate investment crowdfunding – similar to a growing number of countries around the world.  Comments on the paper are being… Read More

Malaysia Airlines Flight 370 Crowdfunding Campaign Struggles To Raise $5M on Indiegogo

Malaysia Airlines Flight 370

It’s been a little over a week since the missing Flight MH370 passengers’ families launched their crowdfunding campaign on Indiegogo, but unfortunately it is off to a very rocky start. Malaysia Airlines Flight 370 was scheduled to fly from Kuala Lumpur to Beijing on March 8th…. Read More

Frrole Raises $245K on LetsVenture Investment Crowdfunding Platform

FRROLE

Enjoying the success of its first crowdfunding campaign on LetsVenture, the Bangalore-based data analytics startup Frrole announced it received $245,000 from a group of investors that included Google India’s managing director Rajan Anandan, Eka Software Solution founder Manav Garg and tech Evangelist Sharad Sharma. According… Read More

Brief: Securities Regulators In India Set To Release Crowdfunding Guidelines

SEBI_Bhavan

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… Read More