FAQ's

This is a finite work with a clear and finite goal that you want to see take shape and come to life. At Dream Wallets (henceforth, referred to as DW), a project may be anything- ranging from making short films, to conceptualizing videos, to writing books, to creating personalized albums, to social causes, to even Corporate Social Responsibility projects etc.

Crowd-funding’ connects the Crowd (which means the supporters to the projects) directly to those who need Funds.
At Dreamwallets, we offer you an online platform for raising funds for ideas/projects that you are passionate about. It is a platform where people collaborate to bring dreams to life.
DW is a platform where users can browse through a bouquet of ideas that appeal to them and be a part of the process to convert the dream into reality. In return, you (the contributor) get rewarded in non-monetary ways with rewards that are unique and full of gratification. One could contribute whatever small amount, become part of a community, and see the impact of one’s contribution over a period of time.

1. Concept Validation – Having an idea is the half the job done. Whether one needs to be self-convinced or to be convincing to the investors, crowd-funding is a great opportunity to gauge the market reaction. 
2. Convenience – Compared to all the hassles involved in getting a VC/Angel fund or a bank loan, crowdfunding is a breeze @ DW. Put together your project idea in an appealing manner, and offer exciting rewards and incentives for Contributor. While we always suggest having a strong business plan for the long run, it is extremely thrilling to only have to make your initial pitch and see the response.  This is also a superb method for both creators and Contributor to discover each other, bypassing the traditional methods and investment options.
3. Risk reduction – Because of the reasons mentioned in point ‘b’ above, both the stakeholders- creators and Contributor- don’t need to worry about undue risk. The fact that it provides a platform to test the water without risking one’s life savings.
4. Feedback in real time – Throughout the campaign, there is continuous feedback coming in which strengthens the idea and the project/product. However, a derivative of the feedback mechanism is the creation of a strong community. A good and engaged creator is able to develop and build a network of active followers and customers even before the business/project has hit the market. This is done by listening to the suggestions made by Contributor and incorporating them in the campaign.
5. Marketing tool – Besides providing a strong introduction to the idea, crowd-funding @ DW also provides you an excellent opportunity to showcase your products, idea, and your brand image to a much larger and wider audience. Since, we also allow you access to our very strong social media channels and platforms, your ideas will reach audiences like never before. This is a good tool to develop loyal customers who would hence become the brand ambassadors and spread the word with their connection.

1.  Initial pitch - The project description should succinctly capture the key aspects of what you are trying to achieve. “A picture is worth a thousand words and a video shot is worth a million”. We suggest that you make a video explaining your project to potential Contributor. Some of the key points behind developing a good video include, but are not limited to
   • Your introduction and your teammates if any
   • Share the story behind your project. You may also want so share the progress that you have made thus far, pictures of some work done or prototypes help. 
   • An expected timeline for the project stage helps massively. Also, since this would be mostly rewards based, a good timeline on sending out rewards also help. You should be honest with areas you are still trying to figure out.
   • Include an estimate of your budget. This gives confidence to Contributor that the planning is in place and the numbers have logic behind it. 
   • Most importantly, you should look relaxed and enjoy while you do this. This is your big chance to shine and impress your potential community.
2. Rewards for the Contributor – The creator of the project needs to understand that the fund sourced through the crowd is not an investment by the creator in your project in lieu of equity or the like. It is neither a loan provided by the Contributor to the creator. Multiple Contributor contribute small amounts to shape a dream into reality and a Contributor is surely interested in the non-monetary rewards that they will make apart from the joy of seeing the project come to life. These rewards are things that Contributor could not buy in exchange of money. Examples of rewards for projects may be giving your Contributor the access to the first line of your project/product as these are the early adaptors. They may also include merchandise related to your project, invitation for backstage meetings, etc. 
3. Promotion Plan - Marketing is all about drawing the attention of potential Contributor to YOUR project. There are hundreds of projects that run live on DW. How do you differentiate your idea from the others? A part of it has already been done in the Initial pitch.  However, the next step involves maximizing the visibility of your initial pitch/video/creativity. Social media is our strongest tool and we encourage you to use it to maximize your project reach such that it goes viral and starts being shared organically. This process will always start with your immediate circle of friends and family. Once they like your idea, they share it on their social channels like Facebook, LinkedIn, Twitter, Google Plus, Pinterest etc. 
4. Updates on project development – Though this is not a mandatory part to kick start your project, but maintaining a good progress report easily accessible to the users is a strong tool to get your Contributor involved into your project and root for its success.  It has been scientifically proven that an incremental status on the target motivates the existing Contributor to bring in more support for the project. 

1. Circle of influence – These are the people you influence directly. These include your immediate family, friends, your colleague from office or your batch mates from your college etc who funds the project. In fact, if you are able to get them to contribute, it is half the battle won as it not only helps you with strong validation of your concept/idea/project but also helps you identify the early adaptors for your concept.
2. Circle of concern – These would include friends and supporters unknown to you but they have seen or read about your project on our social platforms or on your friends’ timelines. While a brilliant idea can get a great head start from the circle of influence also, it is historically observed that the circle of influence helps massively to make your idea viral. Once, the project becomes viral, it also brings in a lot of credibility to the project. Then you have to leverage on your social connections/social media pages etc to fuel the growth.

1. Films
2. Stage (Dance / Drama)
3. Sound (Music, Instrumental, Vocals)
4. Art & Craft (Artists, Painters, Craft etc)
5. Social causes
6. Literature (Authors, Bloggers, Journalists, Writers etc.)
7. Events
8. Technology and Products
9. Environment and environmental issues
10. Gaming – online and offline
11. Food
12. Fashion – apparel and accessories
13. Photography
14. Travel
15. Start-ups, scaling up
16. Sports

1. Create a profile on DW website or log in if you are an existing user.
2. Submit your project/idea in the most appealing manner possible for you. Please read our project guidelines before submission. Fill in your details carefully and correctly (we may need to get in touch with you over phone/e-mail for clarifications on your idea).
3. We review the project submitted and then help you create your campaign page.
4. We also help you refine your pitch video, rewards structure, marketing plans etc., if required.
5. Once the campaign is launched and made LIVE on the website, we run it for a pre-defined period in the range of (30 days – 90 days). You should go all out and market it in the social circles to raise awareness. Generally, the first sets of Contributor are always the people who know you personally.
6. The campaign starts getting funded. Congratulations, your dreams have started to turn into realities.
7. DW collects funds from people across the globe on your behalf and remits it to you.

No. Listing of your ideas on DW is totally free.

Why should you. You are incentivizing your Contributor to be a part of your dream by sharing exclusive rewards and you also share with them what normal money can’t buy- the joy of being successful, the thrill of see an idea to execution, the adrenalin rush of being a part of a big cause.

*Additional 3% will be charged as Payment Gateway Charges. All fees to the company is liable to an additional service tax as may be applicable from time to time.

1. Personalized offline mentoring for every approved project on DW. This helps in making your projects more marketable and in reaching your goal faster.
2. Analytics for assessing target areas for your campaign marketing. This helps the project creator a focused channel for concentrating the energy and efforts.
3. Robust multiple layer secured online payment system for all types of national and international debit/credit cards.
4. Automated emailing system to ensure the project creators and project supporters are notified of the various stages, funds raised, payment status etc.

1. DW is backed by a highly experienced management team and an extremely respectable advisory board in India.
2. One should always solicit funds from the local geographies first. This is because people at the local level connect more emotionally and strongly with local issues.
3. Robust online payment channel allow you to pay through any debit/credit card with the highest degree of security.
4. DW also allows payments through International credit cards so you have a wider audience to solicit support from.
5. Strong offline mentoring team also ensures that your project is presented in the best possible framework and is able to reach your target faster.
6. Robust feedback mechanism also allows you to connect with your supporters at a more personalized level.
7. Potentially strongest community in India with the most active social and business stalwarts.

1. A large community network does not necessarily mean that your project will reach out to them directly. It is the discretion of the website management to showcase a certain project. They would showcase only those projects that have been able to create a buzz already.
2. The vibrant and active community at DW gives you a platform to discuss a lot of potential ways to make your idea stronger. At DW, we take steps to keep the community very active and therefore more productive.
3. The core team at DW is also engaged in the community network.

1. Mentor/Guide you to create an absolutely wonderful campaign.
2. Help you popularize it.
3. Provide you robust social media and marketing platforms to reach out to millions across the globe.
4. Help the Contributor feel safe by providing them state of the art payment options – secured online card transactions, cash/cheque pick up with proper receipts issued.
5. Keep you updated of the status of the funding goal.
6. Keep the Contributor informed of the status of the project.
7. Be accessible for any queries to either of the stakeholders: through e-mail, phone, in person.

1. A decent write up- We also help you develop one if we feel it can be improved for better understanding and may trigger better response.
2. Images and Pictures- A picture is worth a million words. A decent write up supported with relevant pictures takes the readers into an imaginative world and makes them want the project more.
3. Information – Details about the creator also brings in a lot of respect and confidence in the project.
4. A catchy video – A video is worth a million pictures! Self-explanatory, we believe. Though we don’t make it a compulsory feature, we strongly recommend you do it to accelerate the process of your idea being accepted

1. Secured Credit card based payments
2. Secured payment through Net Banking
3. Secured Mobile based Payment
4. Secured Cash card payment
5. Secured E-wallet payment
6. Cheque/Demand draft based payments – for a minimum amount of Rs. 2,000
7. Cash pick up – for a minimum amount of Rs. 1,000 subject to our pick up centres in your city.

1. While registering you on our website, we provide you the option of 128 bit encryption- high security, for data storage including your personal information and contact details.
2. For all types of international and domestic credit/debit cards, we have a high security 3D secure filter which ensures your card details can’t be stored elsewhere/phished from our website.
3. We also do not store any detail of your card. You make the transaction directly on the banking/merchant site.
4. Data collection on our servers is minimal and only statutory which is stored in encrypted form.

1. Transaction number (which you get after making a payment).
2. Your signature mismatch.
3. Date was out of range or expired
4. Funding amount (difference in amount written in figures and words)
5. If there is an overwriting on the cheque that has not been signed
6. No account balance (cheque bounced)
7. Cheque was made favoring the incorrect name/account

All you need to do is correct the error and send it again.

1. Every project listed with us is thoroughly verified with the highest level of due diligence
2. We give you complete flexibility on choosing who and what you want to fund
3. We ensure your funding reaches its intended receiver
4. We provide multiple funding options
5. We encourage that you receive updates on how the funds are being used

1. Online: Rs. 100
2. Cheque: Rs. 2000
3. Cash: Rs. 1000

1. The idea and the project should be time bound and realistic. Hence, you may float a project for making a film, a video album, developing an app, scaling up your existing product from beta phase to the next level etc.
2. A look at the seriousness of the idea creator and his willingness to work hard to get the project executed.
3. A basic marketing campaign and time bound execution plan.
4. Level of research done to understand the concept of DW.

1. Projects that offers any financial returns in exchange, including offering equity and/ or interest, as part of the rewards
2. Real estate projects including acquiring land, construction etc.

1. You would get an email from us with feedback on the project.
2. If the need be, our team will help you make your project look better in presentation and compactness.
3. Once the project is reviewed and approved , it is made live.
4. You can now share your campaign page with friends and start generating funds.

1. Adherence to the project guideline and policies
2. Incomplete and inadequate or obscure reward structure

However, DW team works closely with the idea creator and tries to make the concept fit into the guideline. You can re-apply incorporating these changes.

1. Your elevator video or quick description(ensuring it is not very different from the one published earlier)
2. Your biographic and your team member details
3. The frequently asked questions about your project

You can’t change the following though

1. Your target date or amount
2. The project expenses break down
3. Rewards that have already been claimed

1. What efforts and traction have you developed on social channels?
2. Is your campaign generating interest in the followers and community pages?
3. How much has your campaign already raised?
4. We simply love you and your idea?

However, to avoid conflicts, we have set up strong project guidelines and we do a strong sanity check before releasing a project for funding on our portal. We, at DW, conduct a detailed background check through secondary, and if possible, primary, resources and channels on the project owners’ background. We may ask for references for some projects to validate the seriousness of the project owner and their experience in execution. We also keep a close eye on the work in progress, interact with the projects owners regularly etc.

From a funder’s perspective, we, at DW, ensure that all relevant information is captured and made available as a part of the project description. Through our project approval guideline matrix, we ensure that all necessary info like the project information, budget allocation, reward structure, personal profile of the project owner or the team members etc. is shared in advance. Unless, the project and the project owner adhere to our guideline, we do not release a project LIVE on our website for funding purposes.

This is a precarious situation. If you fail to complete the project and alienate yourself from your Contributor at the same time, you run a high risk of being suspended from our portal as well as other crowdfunding platforms. DW, on behalf of funders, may/ may not initiate legal actions or the funders themselves can initiate legal action. We strongly suggest you to read our “

Terms of Use” and “ Privacy Policy” carefully.

1. We need your contact details to ensure that the reward for your contribution reaches you.
2. Our banks require the details of the supporters on the website.
3. The details captured are for your own safety and security and all the data that we collect is encrypted with SSL. We maintain very high standards of user safety and security, which has been elaborated in our terms of use and privacy policies.

1. Secured Credit card based payments
2. Secured payment through Net Banking
3. Secured Mobile based Payment
4. Secured Cash card payment
5. Secured E-wallet payment
6. Cheque/Demand draft based payments – for a minimum amount of Rs. 2,000
7. Cash pick up – for a minimum amount of Rs. 1,000 subject to our pick up centres in your city.

International Contributor have to use a credit card or a PayPal account to make a contribution.