I can say that Ketto is 100% legit. I am a regular donor and has been donating to many causes no matter which platform starts it. I have donated to many NGO’s, Many Celebs and also have donated to needy people via platforms like Ketto.
How is Ketto funded?
Ketto makes money from platform fee, which varies depending on the fundraising plans, and a fixed 3 % transaction fee which remains the same irrespective of the fundraising plan.
Who is the CEO of Ketto?
Varun Sheth (born June 23, 1987), an Indian businessman, is the founder and the CEO of Ketto, a crowd-funding platform that helps campaigns and projects raise money through donations.
How does ImpactGuru make money?
ImpactGuru – Business and Revenue Model It charges an average of 8% of total funds raised as to its fees with 5% directly being net revenue. It charges additional fixed fees for premium services such as digital marketing, video, content support. ImpactGuru offers various packages that one can opt for fundraising.
Is Ketto an NGO?
Ketto is a social network or NGO/social enterprises in India, serving as a platform for companies to raise funds, recruit volunteers, and build partnerships domestically and internationally.
Is Ketto donation tax deductible?
The funds raised on Ketto can be withdrawn after deduction of Ketto fees, PG fees and GST. The amount received after this deduction could be applicable for tax in India. i) Sign in to the Ketto account you used to make the donation.
How do crowdfunding sites make money?
Now, let’s talk about how these platforms make money for themselves. It’s pretty simple: they collect a portion of whatever the entire project raises. The person who drives the funding builds a page or shares the details with the organizations.
Are crowdfunding sites profitable?
Rewards-based crowdfunding is one of the largest forms of crowdfunding and one of the most profitable. These websites don’t charge the people who donate money to back projects. The way crowdfunding platforms make money is by taking a percentage of the money that is raised during the course of a project.
Is ImpactGuru real?
Impact Guru is a donation based crowdfunding platform that offers global crowdfunding solutions for NGOs, social enterprises, startups and individuals. It was launched by Maneka Gandhi, Union Cabinet Minister for Women & Child Development, Government of India in September 2015.
Is ImpactGuru trustworthy?
Yes, all the cases are genuine! We do verify them. Making sure that our crowdfunding platform is safe for both campaigners and donors, is of incredible importance to us.
Are there any negative aspects to crowdfunding?
Six disadvantages of crowdfunding: if you haven’t protected your business idea with a patent or copyright, someone may see it on a crowdfunding site and steal your concept. getting the rewards or returns wrong can mean giving away too much of the business to investors.
Is Ketto registered in India?
KETTO ONLINE VENTURES PRIVATE LIMITED is a Private incorporated on 12-12-2012. It is classified as a Non-govt company and is registered at RoC-Mumbai. Their state of registration is Maharashtra.
How do I stop Ketto ads?
You can also stop getting ads that are not based on your interests and info. To stop seeing certain ads go to YouTube, select Info Stop seeing this ad. Go to Google Search on your phone or tablet, tap Info Why this ad. Turn off Show ads from this advertiser.
Is Crowdfunding illegal in India?
The answer is, “Yes!”, Online Crowdfunding and Online Fundraising is legal in India. Ketto provides a Safe, Reliable & Simplified method of Raising Funds Online through its Online Crowdfunding Platform.
Can I raise money for myself?
Lift up a Friend, Family or even yourself. Start a Free Personal Fundraiser today. You’ve seen successful campaigns on GoFundMe and other online fundraising sites like Mightycause which make it easy to raise money to help you through a tough time, or help someone in need.
Is Ketto 80G?
A small contribution by you will support their chance at getting an education, healthcare, nutrition, and a loving environment to grow up in. Additionally, as you prepare to file you tax returns, you can avail the benefits offered by our 80G tax exempt status.
Does Ketto accept foreign donations?
For USD or International donations The minimum donation via credit & debit cards is USD 25. We are unable to accept contributions below this amount due to high processing transaction fees for lower amounts thereby the relative fee on the transaction increases significantly.
Is income from crowdfunding taxable?
Tax issues with crowdfunding Donation-based crowdfunding usually counts donations as gifts, which therefore tend to be tax exempt. Reward-based and equity-based crowdfunding tends to be classified as income, and is therefore subject to income tax, and potentially even sales tax.
How much money does crowdfunding platforms make?
Typically the platform takes a 5% of funds raised if you are successful. Keep what you raise campaigns: You can keep the amount of funds that you’ve raised, even if you haven’t hit your goal by the end of your fundraising duration.
How do crowdfunding investors get paid?
Equity Crowdfunding Individuals and private investors earn a percentage of a company’s equity in exchange for their funding or investment. When compared to rewards-based crowdfunding, equity crowdfunding is better at raising more significant sums of money.
How do investors get paid back?
More commonly investors will be paid back in relation to their equity in the company, or the amount of the business that they own based on their investment. This can be repaid strictly based on the amount that they own, or it can be done by what is referred to as preferred payments.