December 23, 2024
Value1, India’s pioneering customer co-owned gold reward platform, has officially launched its Coimbatore chapter. This innovative platform is set to revolutionize the way consumers perceive their everyday spending by offering a unique opportunity to convert their purchases into tangible gold assets.
Backed by significant investments from the Ministry of Electronics and Information Technology, Vel Tech University, and Bengaluru Bio Innovation Centre, Value1 is democratizing ownership by allowing customers to become shareholders in the company. What sets this apart is that it is India’s first ‘Customer Co-Owned Company’, which transforms customers into shareholders.
“Value1’s mission is to convert a portion of our customers’ spending into gold, thereby providing them with returns, and simultaneously making them co-owners of the company. As a pioneering initiative in India, Value1 aims to rapidly onboard 1 million Indian households, transforming a percentage of their spending into gold and making them shareholders in the company.”
How Value1 Works:
Gold Rewards: For every purchase made through the Value1 platform, a portion of the amount is converted into digital gold.
Shareholder Benefits: Customers can become shareholders by meeting specific criteria and actively participating in the platform.
Diverse Offerings: Value1 offers a wide range of services,including:
Gold Storage: Securely store your digital gold in SEBI-approved vaults.
Gold Trading: Buy, sell, or gift gold directly from the platform.
Online Shopping: Access a vast marketplace of over 400 brands with exclusive gold rewards.
Health and Wellness: Enjoy discounted health services and consultations.
Education: Avail scholarships and educational benefits.
“The platform features a dedicated gold store, allowing you to buy, sell, or gift gold conveniently online. Your gold is stored securely in SEBI-approved vaults and is regularly audited by independent trustees. You can redeem your gold for cash or physical gold at any time. Enjoy the flexibility of starting with as little as one rupee and investing in gold through a Systematic Investment Plan,” says Arun Prakash, Founder of Value1.
“You can shop from over 400 brands on our platform. Every purchase you make is converted into Value Points, which can be redeemed for gold. For instance, if you spend ₹10,000, you’ll earn 10,000 Value Points. Additionally, our partner brands contribute a percentage of your purchase amount towards your gold savings. For example, Adidas currently contributes 20%, while Nike contributes 10%. These percentages may vary from time to time.”
Value1 empowers students with unique educational opportunities. The Company has partnered with leading universities in the UK, US, Canada, New Zealand, and Australia to offer exclusive access to international study programs. Harshan Babu, a member from Rathinam College in Coimbatore, successfully secured admission to Portsmouth University in the UK through our platform. A significant portion of his tuition fees was invested in gold, demonstrating the tangible benefits of studying with Value1.
We also offer a range of certificate programs and are expanding our network to include local Indian institutions. This allows students to not only pursue their academic goals but also build a secure financial future through gold investments.By purchasing insurance or paying off loans, you can earn valuable points that can be redeemed for gold.
Additionally, you can recycle your old bills from online purchases and turn them into points. Becoming a member and completing the KYC process allows you to accumulate points and eventually become a shareholder. This innovative platform empowers the middle class to invest in gold and build a secure financial future while also contributing to a sustainable lifestyle.