In ancient India, when temples or mosques had to be built, people would come together and donate resources or services for the Lord. This tradition is seen in many cultures. In fact, crowds have come together even today to build temples in India.
The famous ‘Akshardham,’ the temples dedicated to Lord Swaminarayan in Delhi (India) and Ahmedabad (India) is a prime example. People contributed in various ways to lay the foundations of these vast monuments.
The idea behind all this, though, is constantly being reinvented in so many words. Today, we call it ‘crowdfunding.’ These days we see and hear this word a lot: crowdfunding. It is easily explained. Crowdfunding is the collection of finance to sustain an initiative from a large pool of backers—the “crowd”—usually made online by means of a web platform.