Crowdfunding Platform Kickstarter Launches in India

Kickstarter, one of the largest crowdfunding platform in the world is entering India in association with Amazon Launchpad and HAX. Together, the three global entities will launch Startup C-Cube, a multi-level challenge for Indian start-ups that flags off in Bangalore on the 5th of December 2017.

HAX is a hardware accelerator that invests in select startups in their early stages and provides guidance and resources in exchange for equity. Kickstarter is a platform for entrepreneurs to showcase their products and start a crowdfunding program. Amazon Launchpad is a global program that curates, showcases and delivers all kinds of products from startups to Amazon customers.

The Startup C-Cube challenge will be officially flagged off by Amazon Launchpad, HAX and Kickstarter at an event in Bangalore on the 5th of December. This will also mark Amazon Launchpad’s one year anniversary in the Indian market. The winning start-up will be supported by the three companies through the entire “concept-to-customer” journey and the joint program will also provide resources to the winner for launch, both in India and in Europe/US, depending on the scalability of the idea.

Manish Tiwary, VP of Category Management at Amazon India said, "Business growth of some of the start-ups on Amazon Launchpad has elicited interest in these start-ups from VCs as well as other funding agencies in the last one year.

"We are very happy to bring Kickstarter and HAX to India to give Indian start-ups an opportunity to get their ideas noticed at the global stage and arm them with resources to convert these into real business opportunities", he added.

Fundlined wants to be KickStarter for Indian Crowdfunding

Fundlined is a Crowdfunding Platform, just for India. Anyone who has an Idea, Project, Startup or Cause can raise Funds on Fundlined.com. The portal looks promising and close and it won't be an exaggeration if we say that it is about to become KickStarter of India.

Goa based crowdfunding portal wants to empower people by democratising funding and with this belief the portal claims to revolutionise crowdfunding in India, forever. The portal is currently in beta state.

Fundlined has been developed for artists, musicians, filmmakers, journalists, designers, entrepreneurs, inventors, event organisers, social-organisations, software developers, anyone and everyone, to help you make great things possible.

Similar to KickStarter.com FundLined takes zero set-up for creating funding campaigns and when your campaign raises funds the portal takes mere 5% from successful funding campaigns and 15% from unsuccessful campaigns.

Fundlined founder Siddharth Shetty founded the crowdfunding platform at just 18 years of age, the portal was released officially in May 2014 and in less than a month, the portal already become one of India's Largest Crowdfunding Platforms, claims Siddharth. Currently, FundLined is organising India's biggest crowdfunding contest - With over 20 Lakhs worth of extra funding up for grabs.

The team behind this new crowdfunding platform is a Pan India team, with members based in Bangalore, Mumbai, Chennai, Jaipur, besides other cities.

The crowdfunding portal is currently organising India's Biggest Crowdfunding Contest - With over 20 Lakhs worth of extra funding up for grabs! You may visit contest.fundlined.com for further information.

The portal aims big, but comparing other crowdfunding platforms Fundlined currently have very few funding campaigns probably it was released officially just five months back (May 2015). Recently another crowdfunding platform for India called Wishberg.com has just announced to shutdown in coming days. Wishberg lived just for couple of years which raises questions on sustainability for crowdfunding platforms just for India. When it comes to online crowdfunding interested individuals/teams based out of India eye towards crowdfunding platforms such as Kickstarter and Indiegogo.com.