Terms of Service
Last updated: May 2026
This document is an electronic record in accordance with the Information Technology Act, 2000 and rules, as amended from time to time.
You acknowledge that You have read and understood these "Terms". These Terms will be applicable on such persons or entities accessing the "Platform" and using "Services" managed and operated by Blacklitt Technologies Private Limited, a company registered under the Companies Act 2013 with registered office at No. 46, 1st Floor, 12th Main Road, Sector-6, HSR Layout, Behind BDA Complex, Bangalore - 560102, Karnataka (hereinafter referred to as "Blacklitt", "us", "our" or "we"). If you do not agree with any of these Terms, including any future modifications to these Terms, You must immediately cease accessing and/or using the Platform and Services. Blacklitt shall have the right to modify these Terms at any time and publish the same on the Platform. It is your responsibility to check this page periodically for changes. Following the posting of any changes, your continued use of or access to the website, Platform or the use of Services constitutes acceptance of such revised terms of use.
Your acceptance of these Terms will operate as a binding agreement between You and Blacklitt, in respect of your use of the Services and the Platform.
1. Definitions
All of the defined and capitalized terms in these Terms will have the meaning assigned to them here below:
i) "Account" means and refers to the account created by the User on the Platform, for availing Services.
ii) "Applicable Laws" means and include all applicable statutes, enactments, acts of legislature or the Parliament, laws, ordinances, rules, by-laws, regulations, notifications, guidelines, policies, directions, directives and orders of any governmental authority, tribunal, board, or a court and applicable international treaties and regulations, in force at the relevant time in India.
iii) "Group Company(ies)" means the affiliates and subsidiaries of Blacklitt.
iv) "Intellectual Property Rights" means patents, trademarks, trade names, service marks, service names, logos, internet domain names, corporate names, rights in designs, copyright (including right in computer software) and moral rights, database rights, semiconductor topography rights, utility models, formulae, processes, trade secrets, proprietary information, rights in knowhow and other intellectual property rights, in each case, whether registered or not and including applications for registration, and all rights or forms of protection having equivalent or similar effect anywhere in the world.
v) "Partner(s)" shall mean any third-party entity registered on the Platform (including any Group Company) for the provision of Services to the User via the Platform.
vi) "Platform" means digital platforms and technology solutions developed, owned, and operated by Blacklitt under the brand name "Blacklitt" including any website or mobile application or any other internet platform managed by Blacklitt through which Users can access and use the Services.
vii) "Privacy Policy" shall mean the privacy policy of Blacklitt available on our website which will form a part of these Terms.
viii) "Transaction" means every request made by the User for sending or receiving payments on the Platform.
ix) "Service(s)" refers to all services currently provided on the Platform, whether offered directly by Blacklitt or through business partners, encompassing portfolio intelligence, portfolio health scoring, investment insights, tax optimisation suggestions, mutual fund analysis, and investment advisory services, through an online account opened for the User on the Platform. Terms applicable to specific Services will be covered under the Supplemental Terms and/or a separate agreement between you and the applicable Partner providing the Service. All Services are subject to applicable laws, government notifications, the rules, regulations and guidelines issued by the Reserve Bank of India ("RBI"), and the Securities and Exchange Board of India ("SEBI"), and any other regulatory bodies defining the rules/regulations governing the offer of any Services on the Platform.
x) "User" shall mean and refer to any individual or legal entity or any person who registers with Blacklitt on the Platform to avail the Services available thereunder (hereinafter referred to as "you" or "your").
xi) "User Data" shall mean any electronic text, data, messages, or other materials, including, without limitation, personal information of Users shared on the Platform by Users through the User Account in connection with User's use of the Services.
2. Eligibility
In order to use the Platform and Services, you acknowledge and represent that: (i) You are 18 years of age or older; (ii) You are capable of entering and authorized to enter into a legally binding agreement; (iii) You are not barred or otherwise legally prohibited from accessing or using the Platform or Services under Applicable Laws; and (iv) You are a tax resident of India with an active Indian mobile number and bank account.
3. Platform
Blacklitt has developed and is the owner of certain software which enables provision of the Services. You undertake not to access or attempt to access the Services by any means other than through the interface that is provided by Blacklitt and in the manner permitted thereby. You specifically undertake not to access or attempt to access the Services through any automated means (including by use of scripts or web crawlers).
To provide the Services, Blacklitt may partner with third party entities at its sole discretion. The access of Services to you may also be conditional upon satisfying requirements of any such third parties. Further, you may be required to accept additional terms and conditions and meet additional requirements for using Services with such third parties. Blacklitt will not be responsible or liable to you for any loss incurred by you as a result of your interaction with a third-party product or service on the Platform.
Blacklitt only helps you gain access to financial services, i.e., we are only a facilitator. We do not independently provide any financial services. You are contracting such a service directly from the provider of the financial service, as identified at the time of provision of the respective service. We accept no responsibility for the provision of such financial services or its consequences. Our responsibility is limited to connecting you to the provider of the financial services. We are not liable for any losses that may occur as a result of the acts or omissions of the relevant service provider. Blacklitt is also not a deposit taking company or a chit fund or a company offering any investment schemes as per the rules and regulations for the time being in force in India.
4. Supplemental Terms Applicable for Specific Services
You agree and acknowledge that several Services available on the Platform including but not limited to investment advisory services or portfolio analysis services are subject to certain Supplemental Terms set out below. Your usage of any Services that have a set of Supplemental Terms is deemed to be acceptance of the said Supplemental Terms in addition to these Terms.
5. Blacklitt Account
(i) You can register as a User by providing necessary information that we may deem fit and may require from time to time. This will be communicated to you on the Platform. You understand and agree that you are responsible for the accuracy of the information you provide for account creation. We shall bear no liability for false, inaccurate, or incomplete information provided by you.
(ii) Please note that we reserve the right to terminate or suspend your account at any time, if any information provided by you is false, inaccurate, or incomplete or if we discover that you are not eligible to use Services or for any other reason that we deem fit and we are not obliged to provide you the reasons for such termination or suspension. Note that in case of any change or modification in the information provided by you, please inform us immediately.
(iii) You agree that the information provided by you will be used to determine your eligibility to use the Services. Further, the information shared by you may also be shared with third parties for determining your eligibility to use third party services, as and when required.
(iv) You will receive identification and password for your account. Please keep your account details confidential. We shall not be liable for any loss that you may incur as a result of someone else using your password or account or accessing your device, either with or without your knowledge. You will be responsible for all the activity on your account. Your Account is non-transferable and is not capable of being transferred to anyone else. We shall not be liable for any claims, damages, liabilities etc. that may be suffered by you or any third party as a consequence of any unauthorized use of your Account, and you shall be solely liable for the same.
(v) You hereby expressly consent to receive communications from us or from any person authorized by us, on via agreed upon communication channels. You agree that any communication so received by you will not amount to spam, unsolicited communication or a violation of your registration on the national do not call registry.
(vi) You hereby agree and consent to using the Account, Platform and Services in accordance with Applicable Laws and only for its intended purpose.
(vii) You understand that we have the right, at all times, to disclose your information as necessary to comply with Applicable Laws, or any valid government/other authority's request.
(viii) We may establish general practices concerning the use of Services. We reserve the right to change, suspend or discontinue any aspect of Platform or Services at any time, without notice and without liability, including reserving the right to impose limits, decline processing of any Transaction.
(ix) We do not warrant that the functions contained in the Platform will be uninterrupted or error free, and we shall not be responsible for any interruptions (including, but not limited to, power outages, system failures or other interruptions that may affect the receipt, processing, acceptance, completion, or settlement of Transactions).
(x) We may, directly or through service providers, monitor your Transactions for high-risk practices or for fraudulent transactions. Blacklitt retains the right to suspend your Account, if Blacklitt believes that there is suspicious or unusual activity on your Account.
(xi) Note that we retain the right to reject a Transaction and/or settlement of payments at our sole discretion without assigning any reason, including but not limited to reasons of risk management, suspicion of fraudulent, illegal, or doubtful Transactions, selling of prohibited items etc.
(xii) Blacklitt may be required to undertake action on the Account as per directions from a statutory or governmental authority or as may be mandated by the Partner or others (as applicable).
6. Closing Account
You shall continue to be registered with Blacklitt unless you request closure, deletion or deactivation of your User Account. However, it is clarified that Blacklitt can suspend/terminate your account at the request of the Partner (where applicable) or at its sole discretion for any reason whatsoever.
All account deletion and data deletion requests are considered on a case-by-case basis. Submitting a request does not guarantee immediate or complete deletion of your account or associated data.
Notwithstanding any account closure or deletion request, Blacklitt is required under SEBI guidelines to retain your user records — including account information, transaction history, KYC documents, and related data — for a minimum period of 5 (five) years from the date of the last transaction or account activity. This retention obligation applies regardless of account status and cannot be waived by user request. During this retention period, your data will be stored securely and used solely for regulatory, legal, and compliance purposes.
7. User Restrictions
User may only use the Platform in accordance with these Terms. User further agrees not to use the Platform to: (i) process data on behalf of any third party; (ii) use the Platform or Services in violation of applicable law; (iii) store or transmit any content that infringes upon any third party's intellectual property rights; or (iv) for competitive intelligence or performance benchmarking purposes.
In addition, User will not: (v) license, sublicense, sell, resell, rent, lease, transfer, assign, distribute, time share or otherwise commercially exploit or make the Platform or the content therein available to any third party; (vi) falsely imply any sponsorship or association with Blacklitt; or (vii) decompile, reverse engineer, disassemble, reproduce, or copy or otherwise access or discover the source code or underlying program of any portion of Platform.
8. Data and Privacy
As between the parties, User and its licensors retain all right, title, and interest (including any and all Intellectual Property Rights) in and to the User Data and any modifications made thereto. Subject to the terms of these Terms, User hereby grants to Blacklitt and its Group Companies a non-exclusive, worldwide, royalty-free right to process the User Data solely to the extent necessary to provide the Services and maintain or improve the Platform and perform all related obligations owed to User under these Terms, or as may be required by law. User is solely responsible for the accuracy, content, and legality of all User Data. You warrant that you have and will have sufficient rights in the User Data to grant the rights to Blacklitt under these Terms. User Data is User's Confidential Information under these Terms.
You agree and specifically consent that we may collect, store, share and use your personal data and any communications made through the Platform, in accordance with Applicable Laws and our Privacy Policy. The Privacy Policy explains how we treat your data and protect your privacy.
Notwithstanding anything to the contrary in these Terms, Blacklitt may collect and use any data that is derived from the use of the Services that is anonymized and aggregated such that such data could no longer directly or indirectly identify User, or any natural person ("Usage Data") to operate, improve and support the Blacklitt Service and for other lawful business practices, such as analytics, benchmarking and reports.
You agree to receive communications from Blacklitt via SMS, email for Transactions, alerts, reminders, marketing, advertising, complaints, service related, feedback etc.
9. Intellectual Property
Blacklitt and its licensors retain all right, title, and interest in and to the Platform and Usage Data. User acknowledges that the Platform is offered as an online, hosted solution, and that User has no right to obtain a copy of the underlying computer code for any Services, except (if applicable) for any downloadable software, in object code format. Blacklitt may freely use and incorporate into Blacklitt's products and services any suggestions, enhancement requests, recommendations, corrections, or other feedback provided by User relating to Blacklitt's products or services. We do not grant you any rights to the Intellectual Property Rights in the Platform or Services. Nothing contained herein shall authorize you to use, apply, invade or in any manner exploit or infringe the Intellectual Property Rights of Blacklitt without prior written consent.
10. Updates
Blacklitt may update the Services and Platform from time to time and you may receive notifications of updates. Any updates to the Platform are subject to these Terms. User agrees that its access and use of the Platform is neither contingent upon the delivery of any future functionality or features, nor dependent upon any oral or written comments made by Blacklitt with respect to future functionality or features.
11. Confidentiality
Each party will protect the other's Confidential Information from unauthorized use, access, or disclosure in the same manner as it protects its own Confidential Information of similar nature or importance, and in any event, using no less than reasonable care. Except as otherwise expressly permitted pursuant to these Terms, the receiving party may use the disclosing party's Confidential Information solely to exercise its respective rights and perform its respective obligations under these Terms, and will disclose such Confidential Information solely: (i) to those of its respective employees, representatives, and agents who have a need to know such Confidential Information for such purposes and who are bound by obligations to maintain the confidentiality of, and not misuse, such Confidential Information; (ii) as necessary to comply with an order or subpoena of any administrative agency or court of competent jurisdiction; or (iii) as reasonably necessary to comply with any applicable law or regulation. The receiving party acknowledges that disclosure of Confidential Information would cause substantial harm for which damages alone would not be a sufficient remedy, and therefore that upon any such disclosure by the receiving party, the disclosing party will be entitled to seek appropriate equitable relief in addition to whatever other remedies it might have at law.
12. Third Party Services
We do not take responsibility or liability for the actions, products, content, and services on the Platform, which are linked to Partners and/or third-party web applications, platforms etc. using our APIs or otherwise. In addition, we may provide links to third-party web-applications, platforms etc. and certain other businesses on the Platform. We assume no responsibility for examining or evaluating the products and services offered by such third parties.
13. Grievances
We are not obligated to mediate disputes between You and another User or the Partner. We can assist in enabling communications regarding a dispute. In case of any complaint regarding the Platform or the Services, please contact us using the below methods:
Grievance Redressal Officer: Keshav Sehgal
Email: grievance@blacklitt.com
Phone Number: +91 9980331314
Address: No. 46, 1st Floor, 12th Main Road, Sector-6, HSR Layout, Behind BDA Complex, Bangalore - 560102, Karnataka
14. Disclaimer
Except for our role as provided under these Terms, We are not involved in any underlying Transaction between you, any other User, Partner or other third party.
Services and the Platform are provided on an "as is" and "as available" basis. We disclaim all warranties of any kind, whether express or implied, including without limitation, any representation or warranty for accuracy, availability, continuity, uninterrupted access, timeliness, sequence, quality, performance, security, merchantability, fitness for any particular purpose, non-infringement, or completeness.
15. Indemnity
You agree to indemnify, defend, and hold harmless Blacklitt and its directors, officers, employees, and other applicable third parties (collectively "Indemnified Parties") from and against any and all claims, demands, causes of action, debt, or liability, including reasonable attorney fees, arising out of or relating to:
(a) your use of the Platform or Services.
(b) any breach by you of these Terms or Applicable Laws.
16. Limitation of Liability
SUBJECT TO APPLICABLE LAW AND NOTWITHSTANDING ANYTHING ELSE IN THESE TERMS, IN NO EVENT WILL BLACKLITT BE LIABLE FOR SPECIAL, INCIDENTAL, INDIRECT OR CONSEQUENTIAL DAMAGES (INCLUDING WITHOUT LIMITATION DOWNTIME COSTS, LOSS OF DATA, RESTORATION COSTS, LOST PROFITS, OR COST OF COVER) REGARDLESS OF WHETHER SUCH CLAIMS ARE BASED ON CONTRACT, TORT, WARRANTY OR ANY OTHER LEGAL THEORY. BLACKLITT'S AGGREGATE LIABILITY AND THAT OF ITS GROUP COMPANIES, OFFICERS, EMPLOYEES, AGENTS, SUPPLIERS AND LICENSORS, RELATING TO THE PLATFORM AND ANY OTHER ITEM PROVIDED PURSUANT TO THESE TERMS WILL NOT EXCEED AN AMOUNT EQUAL TO INR 100,000/- (INDIAN RUPEES ONE LAKH ONLY). THE LIMITATIONS AND EXCLUSIONS ALSO APPLY IF THIS REMEDY DOES NOT FULLY COMPENSATE USER FOR ANY LOSSES OR FAILS OF ITS ESSENTIAL PURPOSE.
17. Termination and Suspension
17.1 Term. These Terms are effective as of the Effective Date and will continue until terminated by either party.
17.2 You may terminate these Terms for any breach that has not been cured by Blacklitt within thirty (30) days of receiving notice.
17.3 Blacklitt reserves the right to terminate or suspend the Services to you and/or to sever its relationship with you, at any time, for any cause, including, but not limited, to the following:
i) For any suspected violation of the rules, regulations, orders, directions, notifications, laws applicable to the Services.
ii) For any breach or suspected breach of these Terms.
iii) If you indulge in any abusive or aggressive or threatening behaviour or any intimidation or harassment of any kind (be it verbal, physical, or written) against any employee/representative/agent of Blacklitt or the Partners or any other user; and
iv) As required as per applicable regulations.
v) If the agreement between you and the Partner is terminated.
18. Miscellaneous
18.1 Governing Law and Jurisdiction: These Terms will be governed by the laws of India without regard to conflict of laws principles. The parties hereby submit to the exclusive personal jurisdiction of the courts of Bangalore for any claims or dispute relating to these Terms. In case of any differences, disputes or disagreements between you and Blacklitt ("Dispute"), parties shall attempt to amicably resolve such dispute within 30 days from the date on which such Dispute arose. In case parties are unable to amicably resolve the Dispute, the Dispute may, at both parties' option, be referred to arbitration under the Indian Arbitration Act 1996 by a sole arbitrator appointed jointly. The seat of arbitration shall be Bangalore and the language of arbitration shall be English.
18.2 Tax Liability: You hereby agree to comply with all applicable tax laws in connection with your use of the Services, including without limitation, the reporting and payment of any taxes arising in connection with payments made through the Platform or funds/income received through the Services.
18.3 Assignment: Neither party may assign any of its rights or obligations hereunder, whether by operation of law or otherwise, without the other party's prior written consent (not to be unreasonably withheld); provided, however, Blacklitt may assign these Terms in its entirety, but on written notice and without the Users' consent to its Group Company or in connection with a merger, acquisition, corporate reorganization, or sale of all or substantially all of its assets. Any attempted assignment in violation of this section will be null and void.
18.4 Cumulative Rights. The rights and remedies of Blacklitt provided in these Terms are not exclusive but are cumulative upon all other rights and remedies to the full extent allowed by law.
18.5 Force Majeure: For purposes of these Terms, ("Force Majeure Event") means any event or circumstance, regardless of whether it was foreseeable (including without limitation an act of war, hostility, or sabotage; act of God; electrical, internet or telecommunication outage that is not caused by the obligated party; government restrictions (including the denial or cancellation of any export or other licence); criminal, revolutionary, or terrorist activity), that: (a) was not caused by a party and, (b) prevents Blacklitt or the Partners from complying with any of its obligations pursuant to these Terms. If a Force Majeure Event occurs, Blacklitt will be excused from performing those obligations rendered un-performable by the Force Majeure Event. During a Force Majeure Event, Blacklitt shall use reasonable efforts to limit damages and to resume its performance pursuant to these Terms.
18.6 Notice: All notices to be provided by one party to the other under these Terms may be delivered in writing by: (i) nationally recognized overnight delivery service or mail to the mailing address provided by the party; or (ii) electronic mail to the e-mail address provided for User's Account. The address for notices to Blacklitt is No. 46, 1st Floor, 12th Main Road, Sector-6, HSR Layout, Behind BDA Complex, Bangalore - 560102, Karnataka. All notices will be deemed to have been given immediately upon delivery by electronic mail, or if otherwise delivered upon receipt or, if earlier, five (5) business days after being deposited in the mail or with a courier as permitted above.
18.7 Survival: Sections 8 (data and privacy), 9 (intellectual property), 11 (confidentiality), 13 (grievances), 16 (limitation of liability), 17 (termination), 18.1 (governing law) will survive any termination of these Terms. Termination of these Terms will not limit either party's liability for obligations accrued as of or prior to such termination or for any breach of these Terms.
18.8 Entire Agreement: These Terms, together with the Privacy Policy and Supplemental Terms, constitutes the entire agreement between the User and Blacklitt with respect to the Services and it supersedes all prior or contemporaneous communications and proposals, whether electronic, oral, or written, between the User and Blacklitt with respect to Services.
Section A – Supplemental Terms for Blacklitt Portfolio
You acknowledge and agree that the following additional terms are applicable if you avail the "Blacklitt Portfolio" feature on the Platform.
i) Scope: Through the Platform you will be able to access and use Blacklitt Portfolio which enables you to access mutual fund recommendations based on sound investment practices and insights on the securities market based on proprietary models utilising past performance and key metrics such as returns, AUM, scheme age, etc.
ii) To avail Blacklitt Portfolio, the Partner may need you to complete your Know Your Customer (KYC) verification. You are responsible to ensure that the KYC details shared with the Partners are current and accurate. You also agree to the collection of the information by Blacklitt and disclosure to Partners and other persons, as deemed necessary for the purposes mentioned herein.
iii) You agree and acknowledge that Blacklitt Portfolio does not include any guarantee of any return on your investment and any return displayed on the Platform is only an indicative return and not guaranteed by Blacklitt or the Partner.
iv) Blacklitt may send communications regarding Blacklitt Portfolio to you from time to time, on the Platform or otherwise.
v) You shall use Blacklitt Portfolio only for purposes permitted by Blacklitt and in accordance with Applicable Laws.
Charges: We do not levy any charge on you for your usage of Blacklitt Portfolio. Charges, if any, payable for any of the services will be paid directly to the Blacklitt Partner providing the service. We reserve the right to introduce fees for any new or existing service in the future without prior notice. These fees will be displayed to you on the Platform before you are charged.
Disclaimer: We encourage all Users to use the information on the Platform as a resource only to further their own research. Nothing published on this Platform should be considered as investment advice or expert recommendation unless explicitly provided. While every effort has been made to ensure the accuracy and reliability of the content provided, Blacklitt or its Group Companies take no responsibility for the veracity, validity and the correctness of the recommendations or other information on the Platform. Although we attempt to provide correct outputs based on the information provided by you, there are no guarantees of accuracy. Users are advised to verify any information independently before relying on it.
Section B – Supplemental Terms for Investment Advisory
The Investment Advisory services on the Platform are provided by Blacklitt or its SEBI registered Partner. You acknowledge and agree that your usage of the Investment Advisory services on the Platform is governed by the applicable terms and conditions and privacy policies that accompany them, which you must separately accept at the time of availing the service. Investment in securities markets is subject to market risks. Past performance is not indicative of future results. You should consult with a qualified financial advisor before making any investment decisions.