We care about your privacy and therefore, will respect your right to privacy. This privacy policy ("Policy")contains information regarding the use of personal information provided by you to Lets Venture Technologies Private Limited (LV/Us/We/Our). All visitors to www.letsventure.com ("Website") AND to our Mobile Application “LetsVenture for Android and iOS” are advised to read and understand our Privacy Policy carefully since by accessing the Website AND/OR Mobile Application, you agree to be bound by the terms and conditions of the below mentioned Privacy Policy and consent to the collection, storage, and use of information pertaining to you as specified herein.
If you do not agree with the terms and conditions of our Privacy Policy, which includes the manner of collection or use of your information, please do not use or access the Website.
I. DEFINITIONS
"Applicable Laws "shall mean the Information Technology Act, 2000 and Rules thereunder as amended from time to time.
"User" shall mean and refer to natural and legal individuals who use the Website.
"Information" shall mean and refer to natural and legal individuals who use the Website.
"Personal information" means any information that relates to a natural person, which, either directly or indirectly, in combination with other information available or likely to be available with a body corporate, is capable of identifying such person.
"Rules" shall mean the Information Technology (Reasonable security practices and procedures and sensitive personal data or information) Rules, 2011 as amended from time to time.
"Sensitive Personal Data and Information (SPDI)" shall mean and include such personal information which consists of information relating to:- (i) password; (ii)financial information such as Bank account or credit card or debit card or other payment instrument details ; (iii) physical, physiological and mental health condition; (iv) sexual orientation; (v) medical records and history;(vi) Biometric information; (vii) any detail relating to the above clauses as provided to body corporate for providing service; and (viii) any of the information received under above clauses by body corporate for processing, stored or processed under lawful contract or otherwise: provided that, any information that is freely available or accessible in public domain or furnished under the Right to Information Act, 2005 or any other law for the time being in force shall not be regarded as sensitive personal data or information for the purposes of these rules.
II. PERSONAL INFORMATION
1. While accessing and/or using Our Platform/Mobile Application, We may ask You to provide Us with certain information which may be generic or personally identifiable information that can be used to contact or identify You, which may include Your and/or Your organisation’s name, gender email address, postal address, phone number, PAN, Aadhar, date of birth, father name, citizenship, photographs, demat details, financial and commercial information, linkedin url, cancelled cheque details with respect to Your business, any nominee details, manner of use of the Services or any other information You voluntarily provide to Us in any form, way or manner (Personal Information).
2. We understand that the Personal Information is extremely private to You and assure You that it will be used only for providing the Services as mutually agreed to be rendered by us, and as stated under this Privacy Policy.
3. We will not access information without Your explicit consent (as provided on the acceptance of this Privacy Policy). You have the option not to provide Us with consent or to subsequently revoke consent to the collection of Personal Information.
III. HOW WE COLLECT INFORMATION
The Personal Information that We collect are only as required to provide Our Services and for Us to better understand Your interests. We may collect information through various means including but not limited to the following:
1. While you register / sign up / create a profile on the Platform/Mobile Application;
2. When You sign up or subscribe to any Services;
3. When You provide Your Information to Us when you interact with the Platform/Mobile Application.
4. When You provide Us Your information through any external mediums such as phone calls, virtual or in person meetings, forms, links, emails, Whatsapp or other messaging platforms, other forms of digital or physical communication, or in any other manner;
5. When You use the features on Our platform and/or Mobile Application and/or when You use Services;
6. When You access the platform/Mobile Application orServices; or
7. By use of cookies.
IV. HOW THE PERSONAL INFORMATION COLLECTED IS USED
The Information provided by you is used and processed by Us in the following ways-
1. To perform its regulatory obligations as a SEBI registered AIF (LV Angel Fund) for KYC, SEBI filings etc.
2. To respond to the queries posted by you on our Website,
3. To protect and investigate against any unlawful activities, such as, fraud, etc.
4. To operate, maintain, provide features &functionality, and to notify about the enhancements to Website.
5. To provide User any information, products, or services that User may request from LV, or which We feel may be of interest to User, where you have consented to be contacted for such purposes.
6. To carry out its obligations arising from any contracts between User and LV.
7. To monitor the effectiveness of our marketing campaigns.
8. LV may also use User’s data, or permit selected third parties to use such data, to provide User information about goods and services that may be of interest to such User.
9. LV do not disclose information about individuals(that causes them to be identified) to our advertisers, but LV may provide them with aggregated information about our Users. LV may also use such aggregated information to help advertisers reach the kind of audience they intend to target.
10. User has the right to ask LV not to process User’s Personal Information for marketing purposes.
V. DATA RETENTION
1. We will only retain Your Personal Information for as long as may be necessary for the performance of the Services and for the effective and safe functioning of the platform/ Mobile Application, including for the purposes of satisfying any legal, accounting, or reporting requirements. We reserve the right to retain your Personal Information for the purposes of maintaining records.
2. In some circumstances, We may anonymize Your Personal Information (so that it can no longer be associated with You) for research or statistical purposes in which case We may use this information indefinitely without further notice to You.
VI. TRANSFER OF YOUR PERSONAL INFORMATION
1. Your Personal Information is processed at Our operating offices and in any other places where the parties involved in the processing are located. It means that this information may be transferred to and maintained on computers located outside of Your state, province, country or other governmental jurisdiction where the data protection laws may be different to those from Your jurisdiction.
2. Your consent to this Privacy Policy followed by Your submission of such information represents Your agreement to that transfer
VII. ACCESS TO USER INFORMATION
1. If We have collected PersonalInformation from You, You may make a request to exercise the following rights:
1. The right to withdraw Your consent at any time where We rely on Your consent to process Your Personal Information;
2. A right to have Your information rectified if such information is found to be incomplete or inaccurate;
3. A right to object to Us processing data collected from You;
4. A right to request that We restrict the processing of Your Personal Information;
5. A right to be notified in the event of a breach of any Personal Information collected by the platform.
6. A right to access, update or to delete information that We have on You; and
7. The right to be provided with a copy of Your Personal Data in a structured, machine-readable and commonly used format;
2. It is clarified that any rights that You may have under this Clause shall only be applicable and made effective15 (fifteen) days from the date of request for the exercise of such right and not to any consents, approvals or processing of information that has already taken place prior to such date.
3. You may decline to submit identifiable information through the platform, in which case You may not be allowed to access certain features / parts of the platform.
4. If You believe that any of Your Personal Information held by Us is inaccurate, and there is no option provided within the platform to correct or update such information, or if You would like to exercise any of the rights mentioned in this Clause, You may write to Us at the Email ID provided in Annexure A below.
5. It is Your responsibility to ensure that any information You provide to Us remains accurate and updated
VIII. RIGHT TO UNSUBSCRIBE
1. You always have the option to not provide information by choosing not to use the platform or a particular feature thereof (where such feature is available for opt-out). We may automatically use Our available technology to retain Your preferences.
2. When You update information, We usually keep a copy of the previous version for Our records. If You do not want to receive updates from Us, please update Your preferences or write to Us at the Email ID provided in Annexure A below. However, opting out of updates still governs Your use of the platform under the Terms of Use and Privacy Policy.
IX. Disclosure of Information
LV does not share Information with companies, organizations, and individuals outside of LV, unless one of the following circumstances applies:
Without User’s consent to do so;
1. If it has good-faith belief that access, use, preservation, or disclosure of that information is reasonably necessary to:
1. Comply with Applicable Law, regulations, legal process (including an investment transaction), or enforceable governmental request.
2. Enforce any of Our applicable Terms of Service, including any potential violations.
3. Detect, prevent, and address fraud, security or technical issues
4. Protect against harm to the rights, property, or safety of the Website visitors and service providers, as well as the general public, as required or permitted by law.
The permission to use the Website granted by these Terms shall automatically terminate if User breach any of these Terms.
X. Scope
Privacy Policy applies to all of the services offered by LV through its Website and its Mobile Application. However, it does not apply to the any of the following:
1. Services offered by other companies or individuals on non-LV Website, including websites which may be referenced by or linked from the Website.
2. The information collected by, and the information practices of other companies, organizations, or individuals who advertise the Website, editorial, advertising content, or any of the products or services offered on the Website, and who may use cookies, pixel tags and other technologies to serve and offer relevant ads.
XI. Security
LV endeavors to protect the Information provided by, or collected about its Users from unauthorized access, alteration, disclosure, or destruction. In particular:
1. LV review its Information collection, storage, and processing practices, including physical security measures, to guard against unauthorized access to Our systems and the Information gathered.
2. LV restrict access to the Information collected to Our employees, contractors, and agents who need to know that Information for processing it for LV. The employees, contractors, and agents are subjected to the obligation of strict confidentiality about the information accessed, and will face to disciplinary action, including termination, if they violate this obligation.
LV does not recommend transfer of SDPI (such as credit card number) and bank account details via the Website to other users. Users are recommended to do so offline, on the phone or via personal emails. LV follow generally accepted industry standards to protect the Information submitted to us, both during transmission and after LV receive it. However, "perfect security" does not exist on the internet. User, therefore, agree that security breaches beyond the control of LV’ standard security procedures are at User’s sole risk and discretion.
X. Changes to Policy
1. LV reserves the right to modify this Policy at any time. Any changes made to its Policy in the future will be notified and made available to User using the Website. User’s continued use of the services and the Website shall be deemed as User’s acceptance of the varied privacy policy.
XII. General Terms
1. LV and its officers, directors, managers, partners, members, shareholders, employees, affiliates and agents make no representations or warranties and specifically disclaim any and all warranties of any kind, express or implied, with respect to the Website and any content therein, including any representations or warranties with respect to merchantability, fitness for a particular purpose, title, non-infringement, availability, security, accuracy, freedom from viruses, malware or other damaging software, completeness, timeliness, functionality, reliability, sequencing or speed of delivery.
2. LV reserves the right to cease providing, or to change, the Website and content of such information (or any portion or feature thereof) at any time or frequency and without notice. All content on the Website is presented only as of the date published or indicated and may be superseded by subsequent market events or for other reasons. Any transactions described on the Website are for illustrative purposes only and may not be representative of all transactions engaged in by LV.
3. Although certain individuals may be identified on the Website as ‘venture partner’, ‘director’, or ‘executive director’, such titles reflect business usage that is customary within the venture capital and private equity industry and are not intended to indicate that any such individual is actually a partner of any partnership or director of any company as those terms are used for legal purposes.
XIII. Disclaimer
1. LV cannot ensure that all of User’s private communications and other Information will never be disclosed in ways not otherwise described in this Privacy Policy. Therefore, although LV is committed to protecting User’s privacy, LV does not promise, and User should not expect, that the User’s Information will always remain private. As a User of the Website, you understand and agree that User assumes all responsibility and risk for usage of the Website, the internet in general, and the documents you post and access, and for User’s conduct on and off the Website.
XI. Grievance Redressal
LV respects and is sensitive to the rights as granted in the Applicable Laws. Any questions about the Privacy Policy or LV’ Information collection, use and disclosure practices, you may contact the Grievance Officer as per the details given hereunder. LV will endeavor to use reasonable efforts to respond promptly to requests, questions or concerns User may have regarding the use of Information.
In accordance with the Applicable Laws, the name and contact details of the Grievance Officer are provided below. You may contact Grievance Officer to address any discrepancies and grievances you may contact the Grievance Officer to address any discrepancies and grievances you may have with respect to your Information with LV. The Grievance Officer will redress your grievances expeditiously.
The Grievance Officer will redress your grievances expeditiously.
Name: Sanjay Kumar Jha
EmailID: contact@letsventure.com
