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Crowd funding is a finance raising process especially by the startups for fulfilling their dreams. It is not a new practice of fund raising but used in different contexts by different persons and groups. The group can be an informal group in which everyone comes in to contact mainly through social media.  The most pioneer situation for Crowd funding is considered to be related to the Statue of Liberty. After the completion of the statue, there met with a problem of financial constraints for a deserving platform on which it should be placed. This was tackled by way of asking donations from the public mainly through the dailies which was considered as the media for mass communication in those days. The people contributed their small savings to this programme and a good platform was constructed for the elegant positioning of the statue. Capital can be raised for any purpose like arts, dance, paintings, business, contribution towards any natural calamities and so on and so forth. 

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Jayaramakrishnan .A. (2019). Crowd Funding: Emerging Forms of Financing. Thematics Journal of Geography, 8(12), 957-960. Retrieved from