We are going to discuss a big investment scheme that is famous by the name of Cloud Computing Rental Investment.
This post is an unbiased review of Vuenow (Vuenowonline.com). So first of all let’s understand what Vuenow is offering to us and let you know whether it is legitimate or a scam.
What is Vuenow?
Vuenow claims that, it is a data centre management company that provides Data warehousing and IT services for conducting business seamlessly.
They create, operate, manage and market Data Centre infrastructure and lease this infrastructure to businesses and earn revenue.
The CEO of Vuenow Group is Sukhwinder Singh. The managing director of Vuenow Infotech Pvt Ltd is V.C. Roy.
Vuenow says if you invest in their four cloud particles nearly one and a half lakh rupees you will keep getting Rs 5,100 every month for 10 years. It means they are giving 40% returns on your investment.
How it works?
Vuenow allows you to:
- Invest in data center equipment
- Buy data centre equipment in small units called Cloud Particles
- Receive monthly rent
You pay money to a company to buy web servers or computing or data centre equipment on your behalf, and then that company gives the equipment on monthly rent.
Furthermore, it gives it to the web hosting type company and some percentage of the profit made in this process is given to you i.e. the investor in the form of rent.
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|Services Offered||Data Centre Infrastructure|
|Domain registration date||11 December 2017|
|Address||816, 8th Floor, iThum Tower A Sector 62, Noida, Uttar Pradesh, India 201301|
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During our research about this company, we found that there are some things that you should think about before investing. So let’s discuss those red flags
- Surprising high returns on investment
- Proper information about parent company VueNow Infratech Ltd is not available
- Vuenow is listed as a flagged company
- The third-party rental website is not secure and shows an SSL error
Even in the best real estate locations property in India, if you invest, the return you are given there is only 4-7 % and here they are giving you 40%, which is concerning.
This company is under the Graded Surveillance Measure (GSM) list which is a system that monitors unusual price fluctuations and poor financial performance in the securities market. The list is framed by SEBI for those companies that are dangerous for investors.
They use the website primecloudnet.com for third-party rental if you search it shows an SSL error that is not good and sensible for a professional company.
These are the reasons we don’t recommend investing in this company as there are potential risks involved. However, if you think this risk is normal for you please consult your investment advisor before investing.
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Sukhwinder Singh is the CEO of Vuenow.
It is located in Noida, UP, India.
The current stage is doubtful.
We don’t recommend investing in this company. Invest at your own risk.
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