CrowdPouch, a Bengaluru-based startup clocked transactions worth 1 Crore during the Pandemic

Team CrowdPouch with Founder and CEO, Vittal Ramakrishna

BENGALURU, India , Nov. 19, 2020 /PRNewswire/ -- CrowdPouch, a fintech startup founded by Vittal Ramakrishna , provides a preselling and a fundraising platform for all in the country. During the last few months, the startup has run many fundraising campaigns and hosted hundreds of preselling stores to support independent creators.

While the entertainment industry took a big hit during the pandemic, CrowdPouch supported performing arts by promoting fundraising campaigns for Live Streaming events. This was a win-win situation for the artists and the fans as the artists received the support they needed and the fans got to watch their favourite artists perform. Another unique feature of the platform is that any independent creator can sell their handmade and homemade products online. There is minimal documentation required and it's open for all residing in India . This serves as an encouragement for aspiring entrepreneurs to showcase their talent and get a shot at earning revenue through their

handmade products. No other platform currently offers this facility for independent creators.

Launched in 2019 by Vittal Ramakrishna who aspires to organize the currently unorganized preselling market, CrowdPouch also allows artists to take customization requests from the buyers. This essentially enables all users to preorder products purely on 'Made to Order' basis. In addition, all products are made in India .

CrowdPouch has raised its Angel Round from Elina Investments earlier this August. Going forward, CrowdPouch aims to get under its wing as many artists and individual creators as possible, spanning the length and breadth of India .

About CrowdPouch:

CrowdPouch is a Bengaluru-based fintech startup that is India's first-ever preselling and fundraising platform. It's made of a cohesive unit of dreamers and doers who're passionately committed to embracing, showcasing and nurturing ideas, innovations and artforms of all those who dare to dream.

CrowdPouch  encourages artists and entrepreneurs to presell their products and thought-leaders to raise funds through their platform.

What started as a tiny spark of concern for the Founder and CEO, Vittal Ramakrishna - that of where do ordinary people with extraordinary dreams go to raise funds - transitioned into what CrowdPouch is today.

Bangalore-based CrowdPouch Raises Angel Round from Elina Investments

CrowdPouch, a reward-based fundraising and preselling platform, has raised an angel round funding from Elina Investments Pvt. Ltd. The Bengaluru based technology startup will utilize the funds for product development, branding and team expansion.

The funding from Elina Investments comes at a time when the company has already supported over 100 fundraising and pre-selling campaigns on its platform within a year of its inception. Going forward, CrowdPouch aims at hosting thousands of campaigns that encourage filmmakers, artists, innovators and dreamers to come forward and work towards fulfilling their dreams.

Floated by Syed Safawi, corporate leader and technology investor, Elina Investments has funded several successful startups at an early stage, including GoMechanic, PadUp, Tarnea Technology, Senpiper Technology and Zefmo Media to name a few.

"CrowdPouch is more than business for me. It has been my life's goal to encourage artists, innovators, and visionaries across sectors to pursue their passion," said Vittal Ramakrishna, CEO and Founder of CrowdPouch. "India has an untapped market for fundraising and most are unaware of the merits of preselling. Through CrowdPouch, our vision is to create a niche fundraising ecosystem where all essential factors culminate seamlessly to build a nation of dreamers and achievers. Elina has stepped in at the right moment to help us scale our efforts."

"We at Elina firmly believe in the power of technology platforms and Crowdpouch is catalysing the democratisation of such opportunities in a vast country like India. It is an opportune time to focus on preselling, as the nation answers the clarion call of Aatmanirbhar Bharat and going Vocal for Local," said Divyendu Kumar, Director, Elina Investments. "CrowdPouch is a wonderful platform and Vittal with his team bring in the right blend of passion, maturity and understanding to be able to leverage the massive opportunity that it presents - both in scale and quality."

About CrowdPouch :

CrowdPouch is a Bengaluru-based fintech startup that is India's first-ever preselling and fundraising platform. It's made of a cohesive unit of dreamers and doers who're passionately committed to embracing, showcasing and nurturing ideas, innovations and artforms of all those who dare to dream.

CrowdPouch encourages artists and entrepreneurs to presell their products and thought-leaders to raise funds through their platform.

What started as a tiny spark of concern for the Founder and CEO, Vittal Ramakrishna - that of where do ordinary people with extraordinary dreams go to raise funds - transitioned into what CrowdPouch is today.

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