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Question: I am looking for a crowd funding platform and someone suggested me Rang De as a god option. Any reviews on the platform?
Answer: Before you look out for a crowd sourcing platform to raise money know that as per the SEBI guidelines, companies are allowed to raise a maximum capital of Rs 10 crore in a year through crowd sourcing. Rang De is one of the oldest crowd funding platforms in India with operations back to 2008. Rang De has been beneficial in offering funding to people of low income group and rural area bringing down the cost of micro credit. Rang De in a nonprofit organization but earns a nominal commission of 2% of all loans repaid by their borrowers.
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