Mi Crowdfunding is available exclusively on www.mi.com/in (PC/APP/m-site) (“Website”) for products mentioned on the Mi Crowdfunding page.
Mi Crowdfunding for a product is considered successful once the criteria of minimum supporters is met in the given time period. The user can support Mi Crowdfunding only by ordering the Mi Crowdfunding product(s) and paying the full amount in advance.
Xiaomi Technology India Pvt Limited is not liable to ship the products if Mi Crowdfunding has been unsuccessful, meaning that criteria for minimum number of supporters is not met in the given time period.
In order to participate in Mi Crowdfunding, the user will have to pay entire product price upfront using online payment options available on the Website. COD option is not available for all Mi Crowdfunding orders.
Xiaomi Technology India Pvt Limited will refund entire amount if the project is unsuccessful to the same account from which the user has paid.
An order cannot contain any other order apart from the specific Mi Crowdfunding product which user has opted for.
Delivery address of Mi Crowdfunding orders cannot be changed. The delivery pin code can be selected on the variant selection page. This pin code cannot be changed after placing the order. Please confirm the details of your delivery address, as it cannot be changed after submission.
Cancellation of Mi Crowdfunding order: At any time prior to the shipping of the Mi Crowdfunding order, the user may apply to cancel the order. Generally, refunds across all payment options take between 5 to 7 business days (excluding holidays) to reflect in the user’s account and sometimes the process takes 8 to 10 business days, depending on the associated bank. After the Mi Crowdfunding order has been shipped, the product return and refund process will be the same as is applicable for normal orders.
In the event of product price adjustment prior to delivery, price of paid orders will not be affected.
Xiaomi Technology India Pvt Limited reserves the rights to cancel the orders for reason beyond its control. For such cases the users will be notified about the cancellation and refund will be initiated. Generally, returns across all payment options take between 7 to 10 business days (excluding holidays) to reflect in your account.
The information on Mi Crowdfunding products and pricing displayed on the Website is only an invitation to offer.
Upon the user’s confirmation and completion of the details on the quantity, price and payment method, contact method and delivery address of the Mi Crowdfunding products according to the instructions of the system, the order information will be generated by the system, and after the user has clicked to submit the order form, the same will constitute an offer to contract with Xiaomi Technology India Pvt Limited in accordance with these Terms. The user must complete the payment for the order within the stipulated time for the contract to be deemed effective.
The user agrees that Mi Crowdfunding is only a facility for the user to pay for the products in advance on the platform and that Xiaomi and/or Xiaomi Technology India Pvt Limited are not undertaking any form of peer to peer lending on the Website or accepting any deposits/donations/loans/grants/investments from the user.
The user acknowledges that the invitation to offer on Mi Crowdfunding is only an invitation to place orders for products on the Website and does not amount to any offer of securities to the user by Xiaomi/ and/or Xiaomi Technology India Pvt Limited or an invitation to offer donations, grants, loans or deposits to Xiaomi and/or Xiaomi Technology India Pvt Limited.
The user hereby agrees and acknowledges that the funds collected from the user are towards advance payment against the supply of products to the products upon Mi Crowdfunding being successful and do not amount to acceptance of any deposits, loans, donations, grants or investment from the user.
By placing the order, the user signifies its acceptance of these Terms and agrees to be bound by them while using or accessing the Mi Crowdfunding facility.
The Terms shall be interpreted and governed by the laws in force of India. In the event of any dispute between both parties, a resolution of the dispute shall be negotiated under the principles of good faith; should the negotiations fail to reach a consensus, both parties hereby agree to submit to the exclusive jurisdiction of the courts of Bangalore; and to waive any objections based upon venue.
In the event that certain clauses are unenforceable for any reason, the other clauses of the Terms shall remain effective, and the unenforceable clauses shall be amended to the extent necessary to make them enforceable according to the law.