In India, crowdfunding coronavirus consists of a financial assistance to an Indian person and family and an Indian entrepreneur or company who is suffering under the economic consequences of the virus covid-19 putting the Indian subcontinent under economic and social precarity.
In India, crowdfunding for covid-19 can be provided under two different options, the first being a pure donation crowdfunding for coronavirus and the second one being a classical crowdfunding to fight covid-19.
The Indian donation crowdfunding against coronavirus is a way to let an Indian donor contribute to funds and cash injection to Indian private household or to an independent entrepreneur without expecting any reward or repayment.
An Indian classical crowdfunding in the times of covid-19 is a classical solution of fundraising of Indian entrepreneurs who are looking for investors to help them in such difficult times and gives in return to the donors a participation in their company either in forms of shares or also in form of sharing profit and losses.
In India, crowdfunding under coronavirus can be done also through providing money means cash but also through injection of goods and equipment for example when the Indian medical industry donates health equipment and medical tools or medicine to Indian hospitals.