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Privacy Policy

 

  1. Application of this Privacy and Data Policy

 

  1. This is the ‘Privacy and Data Policy’ (“Policy”) of ValleyNXT Ventures Pvt. Ltd. (referred to as “ValleyNXT”, “we”, “our” and “us”) in relation to the use of Ivy’s Application by you.
  2. ValleyNXT is committed to protecting and respecting the privacy of the users of its Application, including startups and investors (jointly and severally, referred to as “Individual”, “you” and “your”) by maintaining the confidentiality of the information collected by us. Ivy’s Policy is in compliance with the Indian Information Technology Act, 2000 and rules and the Digital Personal Data Protection Act, 2023 (collectively referred to as “Data Protection Laws”).
  3. We encourage you to read this Policy carefully. By using the website app.ivyleagueventures.in (together with and all its webpages hereinafter referred to as “Application”), or by availing the Services through or on the Application, you agree to this Policy and you consent to Ivy’s collection, use, disclosure, retention, storage and protection of your information as described herein.
  4. ValleyNXT provides business consultation and financial intermediary services to businesses across industries, business models, stages of development, technologies and type of entities (“Startups”), through its vast network of angel investors (“Network”), and introduces opportunities to its Network to invest in Startups, (collectively “Services”).
  5. Through its Application, ValleyNXT aims to ease the facilitation of Services by calling for applications from Startups looking for funding, providing details of upcoming deals to its Network, assisting in due diligence and closing of transactions and providing allied services in relation to the same, on or through the Application.
  6. This Policy may change from time to time, and you are requested to check this Policy periodically for updates. Your continued use of Ivy’s Services or the Application, after any change is made to this Policy, shall be deemed to be your acceptance to those changes.
  7. This Policy applies only to the information ValleyNXT collects through its Application and does not apply to any information that you provide to, or that is collected by any third-party, in furtherance of the transaction. ValleyNXT encourages you to consult directly with such third-parties about their respective privacy practices.

 

  1. Information we collect from you

 

  1. From Startups:

ValleyNXT collects information from Startups, who are signing up on the Application, about their business, for ValleyNXT and its Network to make an informed decision about whether to invest and provide further services to such Startups like investment, co-investment, exit, further investment, business connections mentorship, strategic opportunities, consultancy and more. This information may include:

 

  1. Name, gender, postal address, date of birth, email, contact number of one or more founders of the Startup;
  2. Educational background and work experience of the founders;
  3. Name, registered office or other address, email address and contact number of the Startup;
  4. Type of legal entity of the Startup and identification details and scans of supporting documents (including CIN, GSTIN, PAN);
  5. Year of incorporation of the Startup;
  6. Scans of identification documents of founders of Startups;
  7. Details of the industry the Startup is engaged in;
  8. The pitch deck;
  9. The details of the last round of funding, amount raised, valuation, etc.;
  10. The purpose for requiring funds for present round of funding;
  11. Startup’s financials and projections;
  12. Startup’s product, service or concept;
  13. Valuation sought and amount of funds required;
  14. Any further information needed for the purpose of providing Services and access to the Application.

 

  1. From investors:

ValleyNXT collects information from investors, who are signing up on the Application, to understand the type of Startups being sought by the investor in order to invest in such Startups, to facilitate the investment by way of collection of commitments, and other related aspects. This information may include:

 

  1. Name, gender, postal address, date of birth, email, contact number of the investor;
  2. The industry which the investor belongs to;
  3. The industry in which the investor is interested to invest in;
  4. The minimum and maximum amount which the investor can commit to invest in any given Startup;
  5. Scans of identification documents such as GST, PAN, Aadhaar.
  6. Any further information needed for the purpose of providing Services and access to the Application.

 

The above information may be needed for us to allow you to create an account with the Application, and for us to provide Services to you. We require you to provide to us your contact information such as your email address or phone number, to authenticate your account and keep it, and our Services, secure, and to help prevent spam, fraud, and abuse. We also use contact information like phone number and email address to enable certain account features (for example, for login verification), and to send you information about our Services and progress on the deals you are interested in. If you provide us with your phone number and/or email address, you agree to receive text or WhatsApp messages and/or emails from us on that number / email address. Further, we may need more information from you from time-to-time, to enable us to provide other and improved Services in the future.

 

  1. Further information collected about you

 

We also collect the following information when you use and/or navigate the Application:

 

  1. Cookies

 

We use cookies that are stored on your computer or mobile device to collect additional Application usage data and to provide Services. Your web browser / mobile application may notify you whenever the Application is attempting the use of your cookies and you may choose to allow or disallow such a use. However, please note that some of our Services may not function properly if you disable cookies. Those cookies are used by us to better understand how you interact with our Services, to monitor aggregate usage patterns, and to personalize and otherwise operate our Services such as by providing account security, personalizing the information we show you on your dashboard and otherwise, and remembering your language preferences.

 

  1. Links to external websites

 

We may integrate third party payment gateway in the Application to enable obtaining payments from you for Services and/or for providing access to the Application. In order to make payment, the Application may direct you to third-party payment gateways which may collect certain payment-related information from you. This may include your bank account details, credit or debit card number, card expiration date, CVV code, UPI ID, online wallet details, and billing address. ValleyNXT does not obtain or retain such information. Kindly check the privacy and data policies of such third parties to see how the information you directly provide to them, is dealt with by them, and ValleyNXT does not make any representations about the privacy practices adopted by them.

 

  1. Location

 

We collect information about your current location and the location from where you sign up on or use the Application by using signals such as your IP address or device settings. This information is required for us to maintain the security and reliability of your account.

 

  1. Other data

 

We may collect other data from you (including metadata) which includes information such as your IP address, browser type, operating system, the referring web page, pages visited, location, your mobile carrier, device information (including device and application IDs), search terms (including those not submitted as queries), and cookie information. This data is used to operate our Services and to ensure their secure, reliable, and robust performance of the Application.

 

  1. Use of the information collected

 

ValleyNXT uses the information collected from and about you for a variety of purposes, including to:

  • Communicate between the Startups, Network and investors;
  • Perform a KYC on the Startups and investors registering on the Application;
  • Analyze the investment-worthiness of a Startup based on various parameters of ValleyNXT;
  • Match the Startup with the correct investor as per the preferences and information provided by both parties;
  • Arrange meetings over video and audio calls between Startup, ValleyNXT and/or investors for pitching, negotiations, discussions on documentation, closing of transaction and allied matters;
  • Process and complete the transactions between parties;
  • Process and respond to queries raised by you on the Application;
  • Administer our Services;
  • Diagnose any technical problems faced by the Application;
  • Communicate about upcoming deals and pitch sessions;
  • Send you communications regarding the Services provided by ValleyNXT, by way of email or text or other notifications;
  • Monitor and enforce the agreements executed by you in furtherance of a transaction concluded through ValleyNXT / Application;
  • Generate and review reports and data about, and to conduct research on, our user base and Service usage pattern;
  • Assist ValleyNXT to improve or further develop its Services and the Application;
  • Provide you with customer or technical support;
  • Provide you with policies about your account;
  • Notify you about changes in Ivy’s policies or the Application;
  • Allow you to participate in interactive features offered through the Application;
  • In any other way ValleyNXT may describe when asking you to provide the information sought; and
  • For any other purpose with your consent.

 

  1. How we share the information we collect

 

ValleyNXT may disclose information collected from or about you, in the following ways:

  1. Information of Startups

 

  • The information obtained from Startups such as contact details, name and age may be shared with Ivy’s agents and service providers for managing your account on the Application. These may be shared with potential investors within or outside the Network as well.
  • The information about the Startup’s industry, pitch decks, products / services, valuation, projections and financials, may be shared with potential investors within or outside the Network to gauge their interest in investing in the Startup.
  • Further information collected from the Startup’s for the purpose of conducting a due diligence (financial, legal, secretarial, technical, etc.) may be shared with the professional experts and consultants appointed by ValleyNXT for conducting the relevant due diligence, who shall be under an obligation to keep such information confidential.

 

 

  1. Information of investors

 

  • We may share investor’s information with our lawyers, chartered accountants, financial analysts, and other consultants for the purpose of facilitating the investor’s investment in the Startup, including due diligence, compliance-tracking, preparation of transaction documents and closing of transaction.
  • We may share investor’s information with law enforcement, government agencies, courts, and/or other organizations, when we believe in good faith that such sharing is reasonably necessary in order to investigate, prevent, or take action regarding possible illegal activities or to comply with a direction by such authority.
  • ValleyNXT may also share investor’s information to investigate and address violations of this Policy or the Terms of Service.

 

  1. External agencies

 

  • The payment information provided by you to us is passed on to third-party payment processors. By submitting your credit or debit card account information on the Application, you expressly consent to the sharing of this information with third-party payment processors or payment gateways. ValleyNXT may retain any payment information with your consent for providing faster services in the future.

 

  • To help us better understand your use of the Application, we may use third-party web analytics, such as Google Analytics for our services. These service providers use technology to automatically collect certain usage-related information from the Application. The information collected by this technology will be disclosed to or collected directly by these service providers, who may use the information to evaluate your use of the Application. To prevent Google Analytics from collecting or using your information, you may install the Google Analytics Opt-Out Browser add-on or refuse to give permission to such tracking, if allowed by the software installed on your mobile device.

 

  1. General Information Disclosures

 

ValleyNXT may share the information collected from and about you to the following:

 

  • To our group companies and affiliates.
  • To a successor in the event of a merger, divestiture, restructuring, reorganization, dissolution or other sale, including as part of insolvency or liquidation proceedings.
  • For any other purpose disclosed by ValleyNXT when you provided the information.
  • ValleyNXT may share your information in any other circumstances where you have given consent.

 

  1. Non-personal information

 

We may share or disclose non-personal data to third parties, such as aggregated information like the total number of Startups invested in using the Application, the total deals / applications received, total number of investors in the Network or on the Application, total amount invested, average returns received by investors, total number of rounds / deals closed, average ratings given by Startups / investors to the Application and/or Services, the pattern of usage of Application, other reports on transactions, etc. Such information will not lead to your personal identification.

 

  1. Media statements

 

After seeking your prior consent, ValleyNXT may disclose to the general public, through print, digital or social media, the broad details of an investment transaction after it has been successfully closed, such as name of the Startup invested in, lead investor (if any), aggregate amount invested, valuation, stage of the round, the industry in which the Startup operates and Ivy’s team which helped in successful closure of the transaction.

 

  1. Communication choices

 

When you sign up for an account on the Application, you shall be deemed to have opted to receive notifications from the Application. You can manage notification preferences in the settings on the Application, but you cannot opt out of receiving certain administrative, policy and your deal related notifications.

 

  1. Updating, reviewing, changing or deleting information

 

If you wish to update, review, change or delete any information provided by you on the Application, you can contact us as per the details provided in the “Contact Us” [PS1] [PS2] part of the Application. If you chose to delete the information which is necessarily needed by ValleyNXT to provide Services to you or provide you access to the Application, upon such deletion, ValleyNXT reserves its right to stop providing Services to you and/or restrict your access to the Application.

 

  1. Security measures taken to protect your information

 

ValleyNXT has implemented generally accepted industry standards to safeguard and help prevent unauthorized access to your information and to maintain data security. [HS3] [PS4] ValleyNXT assumes no liability or responsibility for disclosure of your information due to errors in transmission, unauthorized third-party access to your account, or other causes beyond Ivy’s control.

 

  1. Consent

 

You represent to ValleyNXT that you are capable of entering into a contract as per the laws of India, are of sound mind and are 18 (eighteen) years of age or above.

 

  1. Incorrect information or misrepresentation

 

If you are found to be in breach of your obligations under this Policy, or found to have provided incorrect, incomplete or misleading information, or to have misrepresented any fact to ValleyNXT, ValleyNXT may (a) immediately stop your access to the Application, (b) stop providing Services to you, (c) remove you from any ongoing investment transaction, (d) in case the transaction has already closed, take steps against you as per the transaction documents executed, and/or (e) initiate such other actions against you as ValleyNXT deems fit as per this Policy, other documents, Data Protection Laws and other applicable law.

 

  1. Data retention and account termination

 

If you wish to close your account on the Application, you can do so by using “Contact Us” option on the Application. If such account is closed, ValleyNXT may retain some information to prevent, investigate, or identify possible wrongdoing in connection with your account or to comply with legal obligations. Data / analysis / reports which are not capable of identifying any Startup or investor in particular, may be retained by ValleyNXT and used for any purpose which ValleyNXT deems fit, in compliance with Data Protection Laws and other applicable laws.

  1. Contact us

 

If you have any queries relating to the collection, processing or usage of information provided by you or this Policy, you may send an email to Compliance Officer of ValleyNXT at [info@valleynxtventures.com], or write to Compliance Officer of ValleyNXT at [195, Asco Capital, Sch.No.78, Part II Near Daisy Dales School, Indore (M.P.) 452010].

  1. Disclaimer

 

Nothing on the Application is intended to constitute: (i) an offer, or solicitation of an offer, to purchase or sell any security, other asset or service; (ii) investment advice or an offer to provide such advice; or (iii) a basis for making any investment decision. This Application does not present a comprehensive or balanced description of the business of ValleyNXT or of its investment activities. The services to be provided by ValleyNXT under this Agreement, does not constitute legal, financial, investment and/or corporate secretarial advice, and ValleyNXT is merely an intermediary and facilitator.