CROWDFUNDING IN INDIA: AN EMPIRICAL STUDY.
Journal Title: International Journal of Advanced Research (IJAR) - Year 2019, Vol 7, Issue 3
Abstract
Crowdfunding is a method of acquiring project funding, by soliciting contributions from a large group of people typically via internet or through social networking websites like Facebook, Tumblr, LinkedIn, Twitter or crowdfunding websites (Ketto, Kikstarter, GoFundMe, Crowdriseetc). The website platform acts as a mediator between the Project Campaigner or Entrepreneur and crowd or investors in sourcing funds from the crowd at large. According to Statista Market forecast ?the Transaction Value in the Crowdfunding section totals up to US$6m in 2017. This Transaction Value is forecasted to show Compounded annual growth rate of 30.6 % by 2017-2022, which totals up to US$22m in 2022.On an average funding raised per venture in ?Crowdfunding? segment sums up to US$171.50 in 2017.When compared globally, it is seen that highest transaction value reached is US$ 4,920m in China in the year of 2017. In India crowdfunding is in nascent stage and evolving. It started in 2009 after 2008 financial crisis. It is gaining momentum and more people are taking interest in supporting start-ups, film industry, and community development activities by way of crowdfunding. The present study is an attempt to determine the awareness level and identify the factors leading to investments in crowdfunding. The study identified six factors which play a prominent role in the growth of crowdfunding.
Authors and Affiliations
G V M Sharma, Anitha. S. Yadav, Prakruthi. N Prakruthi. N Udupa.
Keywords
Related Articles
- EP ID EP541706
- DOI 10.21474/IJAR01/8719
- Views 67
- Downloads 0
GRASSROOTS WOMEN POLITICAL PARTICIPATION AND POVERTY REDUCTION STRATEGIES IN GHANA AND NIGERIA.
The practice of representative democracy across Africa for close to two decades without interruption had not translated to reduction of the level of poverty for the world’s poorest continent. Over the last decade, there...
EFFECT OF TALENT MANAGEMENT AND RELATIONAL CAPITAL ON ORGANIZATIONAL PERFORMANCE THROUGH ENTREPRENEURIAL ORIENTATION.
This study aimed to examine and analyze the influence of talent management and relational capital on organizational performance through entrepreneurial orientation in the context of rural banks in South Sulawesi province...
A STUDY OF SERUM TSH AND CORTISOL LEVELS IN PREECLAMPSIA.
Aim: The study was carried out to estimate TSH and Cortisol level in preeclamptic women as compare to normotensive women. Material and Methods: The present study has been conducted on 100 preeclampticprimigravidae in the...
A STUDY ON JOB SATISFACTION WITH REFERENCE TO TRANSPORT EMPLOYEES IN TIRUVARUR DISTRICT.
The success of any organization depends on the effective utilization and motivation of its human resources. The handling of human resources is a delicate problem, which includes psychological, physiological, environmenta...
PREVALENCE AND AWARENESS OF PITYRIASIS ALBA IN HAIL- SAUDI ARABIA.
Background: Pityriasis alba (PA) is a common hypomelanosis which is generally seen in young children. There is no specific known cause for this condition. Objective: Determination of the prevalence and awareness of PA in...