Crowdfunding may help bridge wealth gap in India

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Crowdfunding sites become popular in India as they have all over the world, which may help bridge the gap between rich and poor

As raising money online for various causes becomes a trend around the world, crowdfunding is also gaining traction in India. Analysts say online platforms could play a particularly important role in bridging the wealth gap.

He says he was amazed at the good response and the kindness of strangers who donated money and sent good wishes his way. Piyush Jain, the co-founder and CEO of ImpactGuru, the website Patkar used, says they have methods in place to prevent fraud.

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