Medical Crowdfunding refers to the practice of funding a project or venture by raising money from a large number of people who each contribute a relatively small amount, typically via the Internet. The objective for raising such funds could be for any type of medical treatment and cover medical expenses. Small financial contributions from a number of persons cumulatively may fulfill the fund requirements of the Investee who otherwise lacked access to such funds.
What is Medical Crowdfunding?
In recent years, crowdfunding for medical expenses has gained popularity, especially in countries without universal health coverage. Nevertheless, universal coverage or health insurance does not imply covering all medical costs for everyone. In countries with universal coverage unmet health care needs typically emerge due to financial reasons: the inability to pay the patient co-payments, and additional and experimental therapies not financed by the health insurance fund.
Related Blog: Medical Crowdfunding: All You Need to Know
Top 10 Medical Crowdfunding Sites in India in 2022
Here is the list of top 10 medical crowdfunding sites in india in 2022:
1. Ketto
Founded in 2012, Mumbai-based startup Ketto is one of the most popular crowdfunding platforms in India. The platform has been endorsed by several celebrities and ministers alike. It was co-founded by Zaheer Adenwala, Kunal Kapoor, and Varun Seth. It features three major categories: community/social projects, creative arts, and personal development. The three categories include various campaigns like sports, health, women empowerment, animal welfare, education, movies, music, fashion, charity, and more. NGOs can also use Ketto as an eCommerce platform. Fundraisers get a cash pickup facility, helping even those without a bank account.
Depending upon your campaign, Ketto takes 5-8% of the fund raised along with payment gateway charges. The crowdfunding platform is pretty user-friendly with easy navigation.
How to start the fundraiser on this platform?
Take 2 minutes to set up your campaign
Start sharing after approval with no processing fee
Withdraw your money once you reach a milestone
2. Social For Action
Sakal has stewarded several social initiatives over the past several decades with many of the initiatives going beyond Sakal’s own regional markets, addressing needs across the country. Social impact and social change remains the core of the Sakal’s beliefs even today and with this Sakal is introducing its own Crowdfunding platform – Social For Action. We belief that the role of media today has changed from being an advocate of social causes to being the facilitator or the agent of social change itself.
SFA addresses the many challenges of giving (such as difficulty in discovering the right causes, trust deficit, and overall donor apathy). We share stories of (pre-qualified) individuals and groups with a network of its trusted community and partners, who either specialize in providing and supporting the local communities by promoting products or can connect with the cause to help with a donation.
How it Works?
SFA is the best place to fundraise, whether you are an individual, group, or organization.
Step 1. Start your campaign
Set your fundraiser goal
Tell your story
Add a picture or video
Step 2. Share with friends
Send emails
Send text messages
Share on social media
Step 3. Manage donations
Accept donations
Thank donors
Withdraw funds
With a simple on boarding process and 0% platform fees, your free fundraiser will create impact and touch lives. Start a fundraiser for free today and begin your journey of making a difference and impacting lives.
3. Wishberry
Founded by Anshulika Dubey and Priyanka Agarwal, Wishberry is solely dedicated to creative projects and artists. It voluntarily assists them by assigning a Campaign Coach who is a Wishberry advisor.
The adviser will help you design a campaign, write an effective pitch, make a compelling video, and choose rewards. The coach will also guide you through the effective distribution of rewards. To date, they have helped deliver project creators a remarkable success rate of 70%.
The platform has completed over 325 projects, raising around $1.3m worldwide. Having operated in over 60 countries, Wishberry is now a trusted name among creative startups. There’s also something for the contributors, like tickets to movie premiers, merchandise, name in credit roll, and more. Wishberry charges a one-time fee and 10% of the total commission only when the funding goal is achieved. You can also avail their digital marketing services.
How to start a fundraiser on this platform?
Submit a form on the website with your details
A Wishberry consultant will help you with funding after approval
You get up to 45 days to reach your goal
4. Kickstarter
One of India’s oldest fundraising platforms, Kickstarter is also popular for funding creative projects and startups. The platform has had much success in crowdfunding for innovation, research, music, books, and films, among other creative art forms. Kickstarter supports unique initiatives like a photographic series on Indian deities, edible cutlery photography, and more.
The platform also offers various rewards to the donors, depending upon the project. The Sweet Requiem campaign is one of the most successful campaigns on this platform in India. It raised funds for a film based on Tibetan women’s struggles in Tibet and how they’re living in India. Over 300 people contributed to the project, raising over $33,000.
The Edible Cutlery was another such successful campaign. It raised nearly $3,00,000 from over 9000 donors. The platform supports creativity and merchandising and is a delight for aspiring artists and creative startups.
How to Start a Fundraiser on this Platform?
Check out their criteria on the website to see if you’re eligible
Learn about structuring your project with their Kickstarter resources compendium on the website
Submit your campaign and start marketing it around
5. Milaap
Another successful crowdfunding platform for social causes and personal issues, Milaap has raised nearly INR 330Cr so far! Founded by Saurabh Sharma, Mayukh Chaudhary, and Anuj Vishwanathan, Milaap favors people living in rural areas. People who live under wages of 2 dollars are supported by this crowdfunding platform.
NGOs and social entrepreneurs find this site especially beneficial. Milaap has worked on projects related to hygiene, water, education, energy, and health issues. There have also been a lot of beneficiaries with medical emergencies.
The massive organization has lenders from over 120 countries contributing to over 50,000 projects. Social media has been the primary marketing channel for Milaap. It charges a nominal fee of around 5 to 8% for every campaign.
How to Start a Fundraiser on this Platform?
It’s a loan-based platform, so you can ask for funds for any business
Sign up on the website
Select the project you want to create
You can set any type of fundraiser and start collecting
6. Impact Guru
Started as purely a crowdfunding platform, Impact Guru has now become a fintech startup in Mumbai. Founded by Khushboo Jain and Piyush Jain, the organization helps entrepreneurs, non-profit organizations, startups, and social enterprises raise funds. You can choose investment fundraising, donations, or reward crowdfunding.
It has come as a big boon for entrepreneurs and corporates. The platform has benefitted over 100 organizations and social causes from 6 countries and doesn’t seem to be stopping anytime soon.
You can launch your campaign for free on Impact Guru. You would have to pay 5% of the total funds you have raised. It’s more of a financing option than a platform for a social cause. If you’re a startup with an innovative research idea, you can raise funds from Impact Guru.
How to Start a Fundraiser on this Platform?
Login to the website and start a fundraiser
Share your fundraiser for free
Receive donations and keep a track
7. Crowdera
Another recent crowdfunding platform founded in 2014 by two Indians based in California, Crowdera, is free of cost fundraiser. Crowdera has been helping NGOs, people dealing with personal medical issues, disaster relief initiatives, etc.
It had raised a whopping $537,000 in just 3 years of its inception and continues to grow at a staggering rate. The platform was started by friends and a third investor and hasn’t monetized itself yet. Crowdera is focused on keeping the service free because the act of doing good shouldn’t be penalized. It’s a wonderful platform if you are trying to raise a voice on a social issue or need help in organizing protests.
The company earns from CSR activities of corporates and enterprises who benefit through Crowdera. They don’t believe in charging those that they’re trying to help.
How to Start a Fundraiser on this Platform?
Set your funding goal
Build the pitch of the campaign
Add a video
Add perks
Start sharing your campaign
Add milestones on the way
8. Rang De
An old crowdfunding platform on the block, Rang De, was founded in 2008 and worked as a peer-to-peer micro-lending platform. The organization facilitates loans for financially weak people in rural areas. This is a non-profit platform founded by Ram K. and Smita Ram, having attracted over 10,000 investors and reimbursed over 50,000 loans.
It helps a section of the Indian society often overlooked by banks, social institutions, and governments. No one caters to the aspirations of the rural women and the need for them to be financially independent. The company has raised nearly $7m and remarkably returned over $5m! That’s a testament to how successful the women who have borrowed have been.
The interest rates for these loans for women range between 4.5% to 10%, depending on various factors. Rang De takes a 2% interest on all the loans sanctioned that have been repaid. World Bank has funded the prestigious crowdfunding platform. It has gained wide recognition and awards for bringing social change. The company has a vast network of field partners across 16 states who physically send the money to the borrowers and take it back from them at the time of repayment.
How to Start a Fundraiser on this Platform?
If you’re a woman in rural areas hoping to start a business, sign up
Enter the investment you need and your business idea
Create a marketing pitch
Wait for the loan amount to reach you.
9. GoFundMe
There’s a part of every one of us that dreams of a better world. That spark of inspiration to help a person, fix a neighborhood, or even change a nation. At GoFundMe, we believe your inspiration should be shared with everyone. Because that is how change happens.
That’s why we make it easy to inspire the world and turn compassion into action. By giving people the tools they need to capture and share their story far and wide, we have built a community of more than 50 million donors and helped organizers raise over $5 billion—and we are just getting started.
GoFundMe helps you easily share your story far and wide over email, text, and social media to rally support for your cause. In addition, we have a dedicated team looking for great stories to amplify and share with the media and our community.
How It Works
1. Start your fundraiser
Set your fundraiser goal
Tell your story
Add a picture or video
Watch a video tutorial
2. Share with friends
Send emails
Send text messages
Share on social media
Watch a video tutorial
3. Manage donations
Accept donations
Thank donors
Withdraw funds
10. GiveIndia
GiveIndia exists to alleviate poverty by enabling the world to give. Established in 2000, it is the largest and the most trusted giving platform in India. It enables individuals and organizations to raise and donate funds conveniently to any cause they care about, with offerings including crowdfunding, corporate giving, cause marketing, and philanthropy consulting. GiveIndia’s community of 2M+ donors and 250+ partners have supported 2,200+ verified nonprofits, serving 15M+ people across the country.
Raise funds for a medical emergency
Help yourself or a loved one through a health crisis by starting a free fundraiser on GiveIndia.
- Set up a fundraiser to support a cause/NGO
Choose a cause and select the NGO you want to support, fill out basic information about the fundraiser and you are good to go!
- Start a medical fundraiser
Fill out basic information about yourself or the patient you are supporting and start raising funds.
- Raise Funds
Share your fundraiser link, invite friends and start receiving donations from your network from around the world.
Summary
SFA.com connects campaign owners to funders in a way that is productive and engaging. The uniqueness lies within our various campaign, as a part of Sakal Media Group, we have extensive reach throughout Maharashtra and beyond, the most credible resources which are available to us. We have been previously supported By 2000+ Donors and over 15000+ impact stories.
Start a Medical Crowdfunding With Social For Action
We want to make access to funds easy through crowdfunding in India; while promoting transparency and accountability. We want to change the traditional methods of how medical treatments and expenses are funded by making crowdfunding the go to method of raising funds in India.
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