TFS Gulf
  • All categories
    • inPractice
    • Entrepreneur Story
    • Finance Leaders
    • Videos
TheFinanceStory
No Result
View All Result
  • Login
  • Register
Book 1:1 session with industry experts!
  TFS Gulf
  • All categories
    • inPractice
    • Entrepreneur Story
    • Finance Leaders
    • Videos
The finance story
No Result
View All Result
  • Login
  • Register
Book 1:1 session with industry experts!
The Finance Story
No Result
View All Result

18 month entrepreneurial journey of two Chartered Accountants who started a not-for-profit B2C crowdfunding platform ShareALittle

Chartered Accountants Trishla and Divya co-founded ShareALittle, a not-for-profit B2C crowdfunding platform that connects potential patrons to mid-sized NGOs.

Preeti Mondal by Preeti Mondal
Published date: 4th July, 2022
Last edited date: 24th June, 2023
SHARE (321)
18 month entrepreneurial journey of two Chartered Accountants who started a not-for-profit B2C crowdfunding platform ShareALittle
Share on FacebookShare on Twitter
  • Chartered Accountants Divya Singhal and Trishla Pareek co-founded ShareALittle when COVID-19 kept students from marginalized communities from getting an education.
  • ShareALittle is a not-for-profit B2C crowdfunding platform that connects potential patrons to mid-sized NGOs to narrow the funding gap for their impactful projects.
  • They streamlined the donation process to be quick, hassle-free, and transparent with an aim to make donating a recurring event.
  • Crowdfunding allowed them to serve 2,800+ lives in 18 months and raised almost INR 720K.

Building ShareALittle for 18 months now

The last 18 months have been challenging and hectic, to say the least.

Building a brand, earning people’s trust, and changing their mindsets is a slow process and requires persistence and patience.

Both Trishla and I worked in the finance industry for 5+ years before foraying into social entrepreneurship.

As co-founders, we have predominantly learned by doing and stepping outside our comfort zones to design the website, think of creative fundraising strategies, handle social media marketing, lead a 4-member internal team, and collaborate with external teams particularly a payment gateway channel and marketing freelancers.

Marketing is a big part of what we do. Having sharp communication skills has helped us immensely with content curation. Everything today is about creating engaging and attention-grabbing copies.

We have had to learn graphic designing (the most time-consuming task for us) and understand social media algorithms.

Data analysis and data-driven marketing strategies have greatly paid off as we saw over 180K total visitors on our website in the first year of our operations.

Collaborations with animated filmmakers, video editors, social media influencers, bakers, and podcast hosts helped us reach more audiences in a big way. So, we have had to identify the right collaboration partners, write cold emails and follow up relentlessly to get where we are today.

Happy to say that today 25%- of contributions come from repeat donors and we hope to build a bigger network so we can raise more funds and impact more lives in time to come!   

Thus, overall, it has been a roller-coaster ride but we have been fortunate to meet many supportive people along the way.

Personally, we have learned to think like business owners and really handle the steering wheel.

Entrepreneurship has been an extremely rewarding and fulfilling journey so far, especially because we have been able to influence people’s lives in a meaningful way.

Challenges building a platform like ShareAlittle in India

The biggest challenge is really selling altruism as a service.

In our humble opinion, fundraising is hard in a developing country such as India (more so in a pandemic) because of the widespread poverty.

People want to help but there is a limit to how much they can do.

There was an added challenge of donation fatigue during the pandemic because each cause is more compelling than the other.

And of course, for a new platform, there is a 3-5 year window that is invested simply to earn people’s trust and prove ourselves to them before they want to channel their donations through us. Thus, this is the average normal time and process to scale up.

So far, we have been able to overcome these hurdles by reaching out to more people personally and more extensively over social media platforms.

The problem is that we need to constantly tap new audiences because the same people (i.e. our friends and family) cannot donate every time. Thus, effective marketing and fundraising events such as Bake-A-Little masterclasses and game nights have helped us raise over INR 720K to date.

We have understood that the hesitance to donate money is going to stay in the foreseeable future. Hence, our focus going forward is on hosting more fundraising events where people are receiving a skill or product in return.

For example, in June 2021, we collaborated with a baker to organize a baking masterclass and more than 15 people signed up not only because all funds were going to charity but also because they were learning a new skill/recipe i.e. receiving a value-add return.

A team of volunteers

We do not employ people because we are a bootstrapped, not-for-profit organization. We do not have the money to pay people. But we have worked with volunteers on a pro-bono basis.

As is usual, hiring is an extremely time-consuming and extensive process.

What really helped is having references from people who knew students or CA aspirants who had some free time on their hands and were looking to volunteer with NGOs.

Our volunteers have been extremely dedicated and sincere and have worked with us for 3 months at a time. This has given us enough time to acquaint ourselves with them, train them, and get really useful output from them.

We do not intend to get more co-founders or employees on board in the near future.

We prefer outsourcing the work that we cannot do ourselves such as website development, and video production among others.

Our 18-month journey

Crowdfunding allowed us to serve 2,800+ lives in 18 months.

Since inception, we have partnered with 5 NGOs to raise INR 720K in charity funding through 90+ unique patrons, directly serving 2,800+ lives.

The fundraisers have improved access to education from home, sponsored vocational training courses, and helped with COVID relief efforts.

Our work has been covered by leading Indian publications such as India Today, Indian Express, YourStory, and The Finance Story which enjoy a readership of 10mn+ each.

We received the ‘Promising Start-Up 2021’ award from the Indian Achievers’ Forum (an initiative to recognize Indian entrepreneurs) for an outstanding contribution to the social sector.

We also organize fundraising events such as baking masterclasses and game nights to maximize funds raised. Thus, we take the complete onus of the fundraising campaign and offer a personalized fundraising experience to NGOs.

On the other end of the spectrum lie our donors. We help them support compelling causes by way of their donations.

After every fundraiser, we design and issue impact reports to donors outlining their tangible impact to enable complete transparency and traceability of funds.

To give you an overview: 

October 2020

Date of incorporation.

November 2020

Launch of our first campaign under the DigiKit campaign.

December 2020

The second fundraiser is under DigiKit launches.

March – April 2021 

Media features from India Today, Indian Express, YourStory, The Finance Story

May 2021

Expansion from empowerment-related campaigns to COVID-19 relief efforts with Every Infant Matters’ (EIM) Million Meals campaign.

June 2021

Our endeavor is to support vocational-training courses with the Catalysts for Social Action (CSA) fundraiser.

August 2021

Most Promising Start-Up 2021′ award by the Indian Achievers’ Forum for outstanding contribution to the social space.

December 2021

Expansion to Animal Welfare related causes with the launch of our fundraiser with Karma Animal Foundation (KAF).

January 2022

Expansion to community-development-related endeavors through EIM’s blanket distribution drive in the winter.

March 2022

A successful conclusion of ‘Charity Art Fest’, a fundraising event with artist Nina Das to help KAF.

Our future plans for ShareALittle 

Besides supporting the causes that promote access to quality education, in the short run, we aim to support Indian NGOs working towards bridging gender disparity, making healthcare accessible in rural India, and overcoming malnutrition by growing our domestic presence to reach a wider audience with our fundraisers.

The average donation per backer on our platform recently crossed INR 6,100, which is 30% higher than the global donation-based crowdfunding average of INR 4,900 per backer (USD 66).

With business processes already streamlined, ShareALittle has the potential to grow this figure even higher with the help of global tie-ups and foreign donations.

Through domestic and international corporate partnerships, we want to introduce ‘ShareALittle monthly’ (payroll-giving) and channel CSR funds as early as possible.

We will create opportunities for large-scale sharing through fundraising events, which currently account for 23% of the total funds raised at ShareALittle.

Increased inflow of donations through these endeavors will heavily boost the number of annual fundraisers that we take up, in turn helping us serve more people.

Creating a strong brand is one of our biggest challenges at present and all our energy goes into devising innovative marketing strategies to engage more people.

Overall, we are very excited about the prospects and potential of ShareALittle and cannot wait to update the readers about the progress in the years to come!

 

Preeti Mondal

Preeti Mondal

Recommended for you

Ex-CFO turned founder reveals massive opportunity for Virtual CFOs
Business and Startups

Ex-CFO turned founder reveals massive opportunity for Virtual CFOs

29th July, 2024 | 7 mins read
Quit Big 4 & moved to Raipur: Building a CA Firm in a Tier 2 City in India and merging with Singhi & Co
Business and Startups

Building a CA Firm in a tier 2 city in India and merging with Singhi & Co

6th May, 2024 | 10 mins read
KPMG Tax Head risked it all & bootstrapped at age 46: Inside the exciting growth journey of Transaction Square
Business and Startups

KPMG Tax Head risked it all & bootstrapped at age 46: Inside the exciting growth journey of Transaction Square

30th April, 2024 | 9 mins read
This Bengaluru boy was struggling to clear CA Finals and dropped out
Business and Startups

After multiple attempts in CA Final, I quit to leap ahead in my career. 6 years later no regrets!

22nd January, 2024 | 5 mins read
Trading my M&A job to venture into the healthy snacking market: How I started and the market opportunity.
Business and Startups

From idea to sales in 7 months: How this M&A professional launched a millet-based chocolate bar

31st October, 2023 | 8 mins read
Fractional CFO on Toptal discusses untapped opportunities
CFO

Becoming Fractional CFO on Toptal: How I started earning 3-10x my salary!

22nd July, 2023 | 8 mins read
Next Post
"CFO does play a key role in driving digital adoption in a strategic way" - says Meenakshi Dagar, CFO of Lenovo India

"CFO does play a key role in driving digital adoption in a strategic way" - says Meenakshi Dagar, CFO of Lenovo India

Start conversation Cancel reply

Your email address will not be published. Required fields are marked *

1:1 career advice platform

  • Manager

    Investment Banking (Front Office) at HDFC Bank.

  • Finance Director

    at Procter & Gamble (P&G)

  • Strategic Program & Ops Manager

    Risk and Internal Audit at Accenture

  • Vice President

    at Alcazar Capital

  • Manager ACR

    Accounting, Compliance and Reporting at EY

  • Senior Accountant

    at BDO Canada LLP

  • Regional Financial Coordinator and Project Manager

    at TotalEnergies

  • Accounts Manager

    at Sterling Perfumes Industries LLC (Fakhruddin Holdings)

BOOK 1:1 CALL

1:1 career advice platform

  • Manager ACR

    Accounting, Compliance and Reporting at EY

  • Senior Accountant

    at BDO Canada LLP

  • Regional Financial Coordinator and Project Manager

    at TotalEnergies

  • Accounts Manager

    at Sterling Perfumes Industries LLC (Fakhruddin Holdings)

BOOK 1:1 CALL
The Finance Story

The Finance Story empowers finance professionals—CFOs, consultants, accountants, tax experts, and bankers—to navigate critical market shifts, industry disruptions, and emerging technologies & trends.

How? We spotlight key opportunities in India and globally, equipping finance professionals with the insights and strategies to drive business growth, optimize decision-making, and position their companies at the forefront

Quick Links

  • Finance
  • Partners
  • Privacy and Policy
  • Terms of use

Follow us

  • /TheFinanceStory
  • @TheFinanceStory
  • /TheFinanceStory
  • @thefinancestory_com
  • TheFinanceStory

© 2022. The Finance Story. All Rights Reserved.

No Result
View All Result
  • TFS Gulf
  • Entrepreneur Story
  • Finance Leaders
  • Videos
  • Login
  • Sign Up

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies to personalize your experience. By continuing to visit this website you agree to our use of cookies.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Book 1:1 call with industry expert