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States » South


Online crowdfunding through Milaap platform to meet medical expenses

Hyderabad, Mar 10 (UNI) Residents from Hyderabad can avail fund to meet medical requirements by logging online crowdfunding platform ‘ Milaap’, a Bangalore-based platform.
This facility is available at about 300 hospitals at 35 cities in the country and so far, Milaap has hosted over 18,000 patients and funded Rs 400 crore towards medical expenses during the last 4-years, according to Milaap Co-founder and President Anoj Viswanathan.
In the case of crowdfunding, those in need of funds can log on the Milaap’s platform and submit all the details to raise funds, he said the fund will be transferred to the concerned patient account only after verifying of the details of the patients submitted by the registered hospitals.
Milaap would charge a fee of 5 per cent of the total funds raised, he said there are nearly 14 lakh donors registered on the platform of which one lakh are from Hyderabad alone.
Although medical fundraisers constitute about 55 per cent of the fundraisers set up from Hyderabad, the category accounts for 90 per cent of the Rs 36 crores raised from the city, he informed.

While the total number of fundraisers from Hyderabad has increased 7.25 times between 2016 and 2018, the number of medical fundraisers has grown 14 times during this period, he said.

One of the reasons medical fundraisers are higher in Hyderabsd is because the city is the hub of medical tourism, he said.
The platform enables lay-people to raise funds for personal causes and emergencies, especially for tertiary healthcare like cancer care, organ transplants and accidents, he added.
UNI KNR SDR 1755
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