Last Updated: 13th February 2025
These Entrepreneur Terms and Conditions ("Entrepreneur Terms") govern your registration and participation as an entrepreneur or startup seeking funding on the platform operated by Swarnim Ventures Private Limited ("Swarnim Ventures," "we," "our," or "us"). By registering with Swarnim Ventures, you agree to comply with these terms and conditions and acknowledge that they create a legally binding agreement between you and Swarnim Ventures.
Swarnim Ventures operates a platform to connect entrepreneurs and startups with potential investors, including individual investors, venture capitalists, and business angels. As an entrepreneur or startup, you will use the platform to seek funding for your business, while Swarnim Ventures acts as a facilitator to introduce you to investors.
To participate in the platform, you must meet the following criteria:
- You are the legal owner or authorized representative of the business or startup you are representing.
- Your business or startup has a legitimate, scalable, and innovative idea that requires funding for growth or expansion.
- You agree to comply with all applicable laws and regulations, including those governing intellectual property, taxes, and business operations in your country.
By completing your registration and agreeing to these Entrepreneur Terms, you confirm that the information you provide is accurate and truthful.
To be considered for investment, you must complete the Entrepreneur Registration Process with accurate and up-to-date information. During the registration process, you will be required to provide:
- A detailed business plan.
- Your pitch deck or presentation.
- Legal documents and business identification.
- Proof of ownership or control over intellectual property (if applicable).
Once you have registered and submitted your details, Swarnim Ventures will review your application and may schedule a meeting with you to discuss your business.
As an entrepreneur or startup, you are required to pay a one-time registration fee to access our pool of investors. The fee is calculated as 1% of the funding amount you are seeking, which must be paid upfront. This fee is non-refundable under any circumstances and covers the costs associated with evaluating, verifying, and listing your startup on the Swarnim Ventures platform.
- The 1% registration fee can be revised at any time at the sole discretion of Swarnim Ventures, and you agree to pay any revised fees in the event that they apply to your registration.
- The registration fee must be paid via UPI, NEFT, or any other payment mechanism as prescribed by Swarnim Ventures.
Failure to pay the registration fee will result in the inability to list your business on the platform or to engage with potential investors.
Once registered and approved, Swarnim Ventures will facilitate introductions to investors that are aligned with your business’s goals. The following conditions apply:
- Investor Commitment: If an investor expresses interest in funding your startup, both you and the investor will negotiate the terms of the investment. Upon mutual agreement, the investor commits to transferring funds to your company as per the terms agreed upon.
- Obligation to Accept Investment: Once you and the investor have agreed on the investment terms, you are obligated to accept the investment unless there are unforeseen, legitimate reasons preventing you from doing so. If you refuse an investment without reasonable justification, Swarnim Ventures reserves the right to charge you an additional penalty fee of 10% of the committed investment amount.
By accepting an investment offer, you agree to honor the terms and conditions of that agreement and proceed with the required documentation promptly.
- 1% Facilitation Fee: Upon successful completion of an investment deal between you and the investor(s), Swarnim Ventures will charge a facilitation fee of 1% of the total investment amount. This fee is payable by you, the entrepreneur, and is due immediately upon finalization of the investment agreement.
- Investor’s Obligation: The facilitation fee applies regardless of the size of the investment and is non-negotiable. By receiving funds through Swarnim Ventures, you consent to pay the facilitation fee.
- Late Payment: If the facilitation fee is not paid within 7 days of investment closing, Swarnim Ventures reserves the right to charge a late payment fee of 2% per week on the outstanding amount. Failure to pay the facilitation fee within 30 days from the date of the transaction may result in legal action for breach of contract and the additional recovery of legal costs.
As an entrepreneur or startup, you agree to:
- Maintain Transparency: Provide accurate, truthful, and up-to-date information about your business, including financials, intellectual property, and any other data requested by Swarnim Ventures or investors. You must immediately inform Swarnim Ventures of any material changes in your business operations.
- Business Conduct: Operate your business in compliance with all applicable laws and regulations and ensure that all your operations are legally compliant.
- Commitment to Investment: Once you accept an investment offer from an investor, you are legally bound to honor the agreement, including adhering to the terms of the investment, governance rights, equity distribution, and exit clauses.
- Due Diligence: You understand that Swarnim Ventures does not provide any guarantees regarding the success of any funding deal, and it is your responsibility to perform your own due diligence and negotiate favorable terms with investors.
Once an investment offer is made and you have agreed to the terms, you are obligated to proceed with the agreement unless there is a genuine and valid reason that prevents you from accepting the investment. Swarnim Ventures reserves the right to charge you an additional penalty of 10% of the committed investment amount if you back out of the deal without a legitimate cause.
In addition, the investor may choose to seek legal remedies in case of non-performance or breach of the agreement, and Swarnim Ventures will take all necessary actions to ensure compliance with the terms and protect the interests of the investor.
- Intellectual Property: By registering on the platform, you confirm that your business, products, and services do not infringe on any third-party intellectual property rights. You agree to provide investors with all necessary documents to establish your ownership or control over any intellectual property, such as patents, trademarks, or copyrights.
- Confidentiality: Both parties—Swarnim Ventures and the entrepreneur—agree to keep all confidential information shared during the investment process private and not disclose it to third parties without consent, unless required by law.
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Termination by Swarnim Ventures: Swarnim Ventures reserves the right to terminate your registration and participation on the platform at any time and for any reason, including but not limited to violations of these Entrepreneur Terms, failure to pay fees, or misrepresentation of your business.
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Dispute Resolution: Any disputes between you and Swarnim Ventures or any investor arising out of or in connection with these terms shall be resolved through arbitration in New Delhi, in accordance with the rules of the Indian Arbitration and Conciliation Act, 1996. The decision of the arbitrator shall be binding and enforceable in any court of competent jurisdiction.
To the fullest extent permitted by law, Swarnim Ventures shall not be liable for any damages, losses, or claims arising from or related to your business, investments, or use of the platform. This includes but is not limited to any financial losses, reputational damage, or failure of investments.
By completing your registration and using the services provided by Swarnim Ventures, you acknowledge that you have read, understood, and agree to these Entrepreneur Terms and Conditions. You further acknowledge that these terms constitute a binding legal agreement, and you commit to complying with the obligations set forth herein.