Explore Business Standard
Crowdfunding
Former Delhi deputy chief minister and AAP leader Manish Sisodia Tuesday said that he has raised over Rs 40 lakh through crowdfunding to contest the upcoming assembly polls from the Jangpura seat. In a social media post, he said that 331 donors contributed amounts ranging from Rs 100 to Rs 500 to his crowdfunding campaign that was launched on December 30. "To contest the assembly election from Jangpura, I required a maximum of Rs 40 lakh. I am extremely happy that companions from across the country wholeheartedly contributed and supported me. "With the cooperation of 331 companions, a total of Rs 40 lakh has been raised. The good news is that 50 people from all over the country contributed Rs 100 each, and 36 people contributed Rs 500 each," the incumbent Patparganj MLA said in the post. Assuring people about using the "hard-earned" money honestly, Sisodia pledged to continue working towards advancing the education revolution in Delhi. "I will use every single penny of your ...
GoFundMe crowdfunding campaigns have generated USD 30 billion since 2010, the fundraising platform announced on Tuesday, as younger generations look beyond institutions to make their donations. Tim Cadogan, GoFundMe's CEO, said 150 million people have either sent or received money through the platform to date. Gen Z and millennial donors, as well as those who are not married and those who are less religious, are more likely to give through crowdfunding than to traditional nonprofits, according to a 2021 report by the Indiana University Lilly Family School of Philanthropy. That's what we're so thrilled about is that we've helped people come together to help each other at that level of scale, Cadogan told The Associated Press. GoFundMe, a privately held, for-profit company, has annually released the total amount raised on its crowdfunding platform since its founding, but hasn't published a breakdown of funds raised in an individual year. Nevertheless, it is possible to see significan
Congress president Mallikarjun Kharge on Monday launched the party's crowdfunding campaign here, asking people to join the fight against unemployment and rising costs. Kharge donated a sum of Rs 1,38,000 from his salary to launch the "Donate for Desh" campaign in the presence of party leaders and general secretaries K C Venugopal and Jairam Ramesh and treasurer Ajay Maken. "It is a very happy day that our party leaders have prepared an App. I feel this is the first time that the Congress is seeking the help of common people to build the country," he told reporters after the launch. As part of the campaign, the party will receive money from small donors, he said and added, "If you keep working by depending on the rich, then tomorrow we would have to agree to their programmes and policies". Kharge said the Congress is already working for the interests of the poor, Scheduled Castes, backwards and they have been helping us in the past too. "Through 'Donate for Desh', we will work to
The Supreme Court on Monday granted bail to Trinamool Congress spokesperson Saket Gokhale in a case related to alleged misuse of money collected through crowdfunding. A bench comprising Justices B R Gavai and Vikram Nath, while granting relief to the leader, noted that a charge sheet has already been filed in the case. Gokhale was arrested by the Ahmedabad Cyber Crime Branch from Delhi on December 30, 2022. He is facing charges under sections 420 (cheating), 406 (criminal breach of trust) and 467 (forgery) of the IPC.