This document is an electronic record in terms of the Information Technology Act, 2000 and the rules framed thereunder. This electronic record is generated by a computer system and does not require any physical or digital signatures.
This document is published in accordance with the provisions of Rule 3 (1) of the Information Technology (Intermediaries Guidelines) Rules, 2011 that require publishing the rules and regulations, privacy policy and Terms of Use for access or usage of the www.letsventure.com .
LetsVenture Technologies Pvt Ltd. is a private limited company having its registered office at No. 51, Indiqube Penta, 5 th Floor, Wing B, Richmond Road, Shanthala Nagar, Bangalore, Karnataka - 560025, India, (hereinafter referred to as “We”, “Us”, “LetsVenture” or “Our” which expression shall mean and include its affiliates, successors and permitted assigns). Your (“You” or “Your”) use of the Platform (defined below) is subject to the notices, terms and conditions set forth in these Terms of Use. The domain name “letsventure.com” the mobile application by the name "LetsVenture - Discover & Invest in Startups" and "LetsVenture - Angel Investing" (hereinafter collectively referred to as the "Platform") is owned by LetsVenture. Your use of the Platform is governed by the following terms and conditions (“Terms of Use”) as applicable to the Platform including the applicable policies which are incorporated herein by way of reference. You acknowledge and agree that You shall be subject to the policies that are applicable to the Platform and by mere use of the Platform, You shall be contracting with LetsVenture and these terms and conditions including the policies constitute Your binding obligations, with LetsVenture.
By mere use of the Platform, You agree to be subject to the applicable rules, guidelines, policies, terms, and conditions and the same shall be deemed to be incorporated into this Terms of Use and be considered as part and parcel of this Terms of Use. We reserve the right, at Our sole discretion, to change, modify, add or remove portions of these Terms of Use, at any time without any prior written these Terms of Use periodically for updates / changes. We will notify You of any material updates / changes from time to time. Your continued use of the Platform following the posting of changes will mean that You accept and agree to the revisions. As long as You comply with these Terms of Use, We grant You a personal, non-exclusive, non-transferable, limited privilege to enter and use the Platform.
ACCESSING, BROWSING OR OTHERWISE USING THE PLATFORM INDICATES YOUR ACCEPTANCE OF ALL THE TERMS AND CONDITIONS IN THESE TERMS OF USE. PLEASE READ THESE TERMS OF USE CAREFULLY BEFORE PROCEEDING. YOU DECLARE YOUR WILLINGNESS TO ABIDE AND BE BOUND BY THESE TERMS OF USE THROUGH YOUR USE OF THE PLATFORM. IF YOU DO NOT AGREE WITH THE TERMS OF USE, PLEASE DO NOT USE THIS PLATFORM. These Terms of Use will be effective immediately upon Your acceptance of Our terms and conditions, Your use of Our Platform being indicative of such acceptance. These Terms of Use shall be enforceable against You in the same manner as any other written agreement.
1. What we do
We provide a platform through which the new and growing businesses and registered users can interact with each other for the purpose of evaluating a potential business relationship We enable users of the Platform to register either as a Startup (defined below) or as an Investor (defined below). Registered users are hereinafter referred to as Members. Through the tools and services provided on such platform, We facilitate the validation of the business ideas provided by the Startups as well as effective and secure communication between such Startups and other users including Investors. We may also provide certain offline services including but not limited to conducting seminars, workshops and providing an opportunity to the users of the Platform to interact with other users of the Platform offline.
Affiliates of LetsVenture sponsor and manage the LV Angel Fund, an Angel Fund duly registered with the Securities Exchange Board of India (SEBI) having registration number IN/AIF1/18-19/0585 (LV Angel Fund). The Platform may market the operations of the LV Angel Fund to Investors on the Platform.
2. Platform
3. Startup
4. Investor
The following considerations, among others, should be carefully evaluated before making an investment in a Startup, whether directly or through an investment vehicle. A Startup is likely to operate in market is highly competitive and the percentage of companies that survive and prosper is small. Early stage businesses often experience unexpected problems in the areas of product development, manufacturing, marketing, financing, and general management, among others, which frequently cannot be solved. In addition, Startups may require substantial amounts of financing, which may not be available through institutional private placements, the public markets or otherwise. Please refer to https://letsventure.com/risks before using the Platform.
5 Investor
You agree that You shall not, directly or indirectly, enter into any transaction to consummate any transaction in relation to securities of early-stage companies, venture capital undertakings and/or investment funds other than through the Platform where such investment was identified by You in the first instance on the Platform. You shall also take best efforts to inform the Startup/company/shareholder/investment fund that the investment was discovered through the Platform, whether or not such transaction is ultimately consummated directly by You or through any investment fund, special purpose vehicle, related party or affiliate controlled or advised by You. You shall refrain from inducing or encouraging any Startups, venture capital undertaking or other companies on the Platform to breach the agreement entered into between LetsVenture and such Startups, venture capital undertaking, shareholders or investment funds, as the case may be. You understand that any content You find on or through the Platform is the sole responsibility of the person who originated such content. You confirm that You are not relying on LetsVenture to, and that You understand that We do not, endorse, support, represent or guarantee the completeness, truthfulness, accuracy or reliability of any content or communications posted via the Platform or endorse any opinions expressed on the Platform. You understand that Your content may be republished and if You do not have the right to submit content for such use, it may subject You to liability, and that LetsVenture will not be responsible or liable for any use of Your content by LetsVenture in accordance with these Terms of Use.
6. Chat
7. Representations and Warranties of User
8.Emails, Newsletters and Notifications
9. Intellectual Property
10. Prohibited Uses
11. Modifications
12. System Limitations and Failures
13. Privacy and Confidentiality
Provided that, restriction in this Paragraph 13 shall not apply to disclosures of Confidential Information made by LetsVenture to its shareholders, directors, managers, advisors, potential investors and/or Affiliates. Provided further that LetsVenture may disclose the Confidential Information to third party vendors and customers or pursuant to partnering arrangements without the restriction of this Paragraph 13 provided that such persons are required to treat such information as confidential through written agreement in terms which are no less strict than this Paragraph.
14. Additional / Special Terms and Conditions
15. Links to / from other Platforms and Third Party Tools
16. Security
17. Monitoring
18. Termination
19. Disclaimer of Warranties and Limitation of Liability
20. Indemnity
21. Foreign Jurisdictions
22. Governing Law and Dispute Resolution
23. Severability
24. No Waiver
25. General