India’s reward based crowdfunding works like in other countries where in return of their funds, investors receive an item or service resulting out of the production of the project.
In India rewards-based crowdfunding is a source of funding mainly for small businesses. This type of crowdfund is generally used for funding campaigns such as development of inventions or software.
Indian reward based crowdfunding present a.o. advantages such that the project owner keeps full ownership of the project and has no debt from the money received. The only costs consist of a platform fee and processing fee from the crowdfunding platform.