Pre-Series A Funding Raised By Fintech Startup Crowdera From Marquee Investors
NEW DELHI: Fintech startup Crowdera has raised an undisclosed amount of funding as part of its current Pre-Series funding round. The marquee investors who participated in the funding round are – Anil Advani, the Silicon Valley startup attorney, Pramod Jain, Amrendra Reddy and Manish Satnaliwala, angel investors from Singapore, Anand Daga, SME IPO specialist from Central India, and a few more unnamed investors from San Francisco Bay Area.
The startup, which is based in California and India, is a cloud-based fundraising platform and offers a comprehensive fundraising framework for non-profits and social innovators to raise funds without any form of donor dippings. It facilitates all aspects of the online fundraising ecosystem including donation buttons, cross-site donation widgets, websites (CMS), P2P campaigns, donation management, and much more.
Chet Jain CEO founder of Crowdera(Image Credits:apnnews.com )
“A startup is either built to sell or built to last. I chose to build a company that can last at least 30-40 years. Hence, I always knew that we would have to put a lot more sweat in the game before we started accepting investor funds. It took over seven years of research and over three and half years of hard work to establish Crowdera as a viable for-profit business model that makes money without dipping into the donor dollars. We are not in for a sprint for quick successes; we are a marathoner. Hence, we believe in building best practices in fundraising which will allow us to help several causes for next several decades,” Crowdera, founder and CEO, Chet Jain said in a statement to the media.
The company plans to use the funds raised to propel the early stage growth and amplify the overall impact by enhancing the product, and scaling customer success activities.
“The not-for-profit online fundraising campaigns are being run on social networks and donations too, are being made on mobiles. The digital era has thus, empowered the fund-seekers and the donors alike. I believe Crowdera will benefit from this paradigm shift and emerge as a leading crowdfunding platform. Most fundraisers need help in the execution of their campaigns and here Crowdera, with its value-added services, has emerged as the trusted partner in helping fundraisers chart their journey,” said marquee investor Anil Advani in the same statement.
The fundraising platform has already made its mark amongst the fund-raisers with eminent personalities like social worker Padmashri Dr.Suneetha Krishnan for Prajwala, filmmaker Rajat Kapoor, ABBF founder Divyanshu Ganatra, Gurcharan Singh of Tarak Mehta Ka Oolta Chashma fame and Rhea Mukherjee, ex-VP of Radio Mirchi, already opting for Crowdera to raise funds for their causes and ventures.
Crowdera is getting ready for its series A funding by early next year. For more such news keep reading on inventiva.co.in.Featured Image Credits:techstory.in.
