In India, business or SME crowdfunding is becoming essential for small Indian businesses to grow as they often need to borrow capital and they don’t fit the mold of Indian banks or other lenders.
In India start-up and business crowdfunding has become a crucial tool for SMEs. For India, SME crowdfunding is still in its early days, local Indian crowdfunding platforms however are gaining traction, and more India start-ups are making their way.
India’s business crowdfunding funds are used to finance working capital as well as the purchase of assets or to grow the existing business. Start-up crowdlending is an excellent option to classical lenders such as banks who follow their own financing policies.