Crowdfunding in India: 2018 Trends vs 2019 Predictions
2018 was a great year for crowdfunding, we saw various trends that reflect on the current situation of the crowdfunding scene. It just took only a few decades for crowdfunding to become an industry which can be estimated to be a Multi-Billion Dollar industry. Therefore, knowing the right trends and predicting the right course of action for the industry will lead an individual to nothing but success in crowdfunding India.
First of all, let’s take a look at what crowdfunding trends 2018 had for us:
- Non-profit organizations:
One of the biggest beneficiaries of crowdfunding is the non-profit organizations who use this mechanism to raise huge funds from the public and thus reach their set goal, what-so-ever that may be.
- Real Estate:
As many people already know, that real estate investments were mostly done through trusts like REITs or through a development company, but now the game has changed entirely with the advent of crowdfunding we can now invest in real estate by investing on various online platforms.
- Medical crowdfunding:
Crowdfunding for medical treatment is something that has been there for a while and has been booming for a couple of years. In fact, it is one of the most popular types of crowdfunding, where the patients can get help from all over the internet and thus be able to afford certain medical benefits which they wouldn’t have been able to access without the monetary support of crowdfunding.
- Equity Crowdfunding:
In this type of crowdfunding, we see companies providing certain rewards or offers to people who are willing to donate and support the company’s projects.
These were some of the 2018 trends, but what does 2019 hold for us?
- Cancer crowdfunding:
We will probably see more crowdfunding for medical purposes, especially in the field of Cancer. Crowdfunding for cancer has been constantly increasing, not only for medical treatment but also for cancer research.
- Local Crowdfunding websites:
2019 might be the year that people will start adapting to local or Indian Crowdfunding websites, to fulfil their crowdfunding needs.
- Crowdfunding insurance:
Indians hate taking risks, therefore crowdfunding insurances might just be something that will be a reality in 2019. This will make sure that the donor’s money is scammed away from them.
The above-given predictions are just some of the many plausible trends that might take place in 2019. As the year progresses, we will soon know what exactly are the crowdfunding trends for 2019.