Terms of Service

1. Eligibility

Access to and investment through ArtVentures Fund is restricted exclusively to SEBI Accredited Investors as defined under SEBI (Alternative Investment Funds) Regulations, 2012. To be eligible, you must meet at least one of the following criteria:

• Annual income of ₹2 Crore or more in each of the last two financial years; or
• Net worth of ₹7.5 Crore or more, of which at least ₹3.75 Crore is in financial assets

By accessing this platform, you represent and warrant that you meet the accreditation criteria and are legally competent to enter into binding contracts under Indian law. Minors, unverified individuals, and persons prohibited from investing under applicable law are not eligible.

2. Platform Use

ArtVentures Fund grants you a limited, non-exclusive, non-transferable, revocable licence to access and use the platform subject to these Terms. You agree to the following conditions:

• Your account is read-only until KYC is fully approved by our compliance team and TransBnk
• You must not share your login credentials with any third party under any circumstances
• You must not attempt to access areas of the platform beyond your authorised permissions
• You must not use automated tools, bots, or scrapers to access platform data
• You are responsible for maintaining the confidentiality of your account
• You must notify us immediately of any unauthorised access or security breach

We reserve the right to suspend or terminate your access at any time if we suspect misuse, fraud, or violation of these Terms.

3. Investment Terms

All investments through ArtVentures Fund are subject to the following parameters:

• Minimum Commitment: ₹50 Lakhs (Rupees Fifty Lakhs) per deal
• Investment Horizon: 5–7 years; investments are illiquid for this duration
• Structure: Category I AIF (Angel Fund) under SEBI AIF Regulations 2012
• Capital Calls: Committed capital may be drawn down in tranches at the discretion of the Fund Manager
• No Listing: Units of the Fund are not listed on any stock exchange

4. KYC & Compliance

All investors are required to complete Know Your Customer (KYC) verification before making any investment commitment. This process includes:

• PAN card verification
• Aadhaar-based identity and address verification through TransBnk (authorised KRA)
• Bank account verification via penny drop or cancelled cheque
• Income/net worth declaration for accreditation verification
• Nominee declaration as required under SEBI regulations

You consent to TransBnk performing KYC on behalf of ArtVentures Fund. False declarations during KYC may result in immediate account termination and may be reported to SEBI and law enforcement.

5. Risk Acknowledgment

By investing through ArtVentures Fund, you expressly acknowledge that:

• Investments in early-stage startups carry a high risk of total capital loss
• Past performance of any deal or the Fund Manager is not indicative of future returns
• The Fund's target IRR of 15–25% is an aspiration, not a guarantee or promise
• Investments are illiquid and cannot be sold or transferred without prior written consent
• The Fund may not be able to exit investments within the stated 5–7 year horizon
• You have read and understood the Risk Disclosure document available at /risk-disclosure

6. Intellectual Property

All content on the ArtVentures Fund platform, including but not limited to text, graphics, logos, deal memoranda, due diligence reports, fund documents, and software, is the exclusive intellectual property of Berries Financial Advisory Services and is protected under the Copyright Act, 1957 and other applicable laws.

You are granted no licence to reproduce, distribute, modify, or create derivative works from any platform content without prior written consent. Deal information shared with investors is strictly confidential and must not be shared with third parties.

7. Limitation of Liability

To the maximum extent permitted by applicable law, Berries Financial Advisory Services, its directors, officers, employees, and agents shall not be liable for:

• Any investment losses, whether direct, indirect, incidental, or consequential
• Loss of opportunity, data, goodwill, or anticipated savings
• Platform downtime, technical failures, or data breaches beyond our reasonable control
• Decisions made by portfolio companies independent of Fund Manager recommendations

Our total aggregate liability in any circumstance shall not exceed the fees paid by you to the Fund in the 12 months preceding the claim.

8. Governing Law

These Terms of Service are governed by and construed in accordance with the laws of India. Any dispute arising under or in connection with these Terms shall be subject to the exclusive jurisdiction of the courts located in New Delhi, India.

Disputes may, at the election of either party, first be referred to arbitration under the Arbitration and Conciliation Act, 1996, with a single arbitrator appointed by mutual agreement.

9. Changes to Terms

We reserve the right to modify these Terms of Service at any time. Material changes will be communicated to registered investors via email with a minimum of 30 days' notice. Continued use of the platform after the notice period constitutes acceptance of the revised Terms.

Non-material changes (such as typographical corrections) may be made without notice and will be reflected by updating the effective date above.

10. Contact

For questions about these Terms, compliance matters, or legal notices, please contact: