India based school education technology startup UnfoldU Group has today announced that it has initiated the process of raising Rs. 750 crores through the private placement of shares.
UnfoldU Group has finalized the set of investment bankers and the financial roadshows will begin in the United States and Dubai from the second week of February, 2020.
With its strategic fund-raising plan in place, the UnfoldU Group is attempting to cash on the belligerent interest built up by investors in the gamified education space which has resulted in some of the big-ticket investments in its nearest competitors.
Founded in the year 2014 by Harish Bajaj, UnfoldU Group competes with Byju and StepApp in the gamified school education space. It also offers cashback driven online English learning services to the students in several parts of Africa excluding India.
UnfoldU has reported a consolidated net revenue of Rs. 374 crores (US $50.16 million) for the year 2018-2019 and is targeting the growth of 50%.
UnfoldU is majorly bootstrapped but will opt for the retail offering of its digital shares on the blockchain security exchanges post the closure of this fund-raising round.
Currently, a small percentage of its digital shares trade on the BitLux OTC exchange. The market capitalization of the company is close to Rs 30,800 crore (US $4.4 billion).
The company is raising capital to develop four-dimensional (4D) educational content backed with artificial intelligence. The company is also in the process of developing application which will allow both students and teachers to collaborate.
Commenting on the fund-raising plan Harish Bajaj said "UnfoldU is focusing on hyper growth as this is the right time to expand. A large percentage of students in India cannot afford personalized tuitions but they have access to the mobile phones and the internet due to their rising quality and falling prices. Our educational content is graphically engaging and driven by online tests, chat with the teacher facility and so on. We are also in the process of developing online education market place driven by 4D educational content and artificial intelligence,".
UnfoldU provides its services through both website and mobile application.
About UnfoldU
The aim of establishing the company was to provide tuition replacement to students at nominal costs through online courses. Our motto is to facilitate well researched study material to students at their doorstep so that they have a clear understanding of all the principles and basic concepts; and they do not need to go to expensive tuition and coaching centers for help.
Our Mission
Our mission is to provide easy and accessible online study material for EVS, Mathematics, Science, Physics, Chemistry, Biology to students of classes - 1st, 2nd, 3rd, 4th, 5th, 6th, 7th, 8th, 9th, 10th , 11th & 12th for all boards of the country. The videos are available in both English & Hindi medium.
Through our study module, students can study anytime 24*7*365 at their home only. The time saved from going and coming back from study centers can be productively used for extra-curricular activities.
The problem of pick up and drop is solved and parents do not need to worry about their children getting caught in bad company.
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UnfoldU Group has finalized the set of investment bankers and the financial roadshows will begin in the United States and Dubai from the second week of February, 2020.
With its strategic fund-raising plan in place, the UnfoldU Group is attempting to cash on the belligerent interest built up by investors in the gamified education space which has resulted in some of the big-ticket investments in its nearest competitors.
Founded in the year 2014 by Harish Bajaj, UnfoldU Group competes with Byju and StepApp in the gamified school education space. It also offers cashback driven online English learning services to the students in several parts of Africa excluding India.
UnfoldU has reported a consolidated net revenue of Rs. 374 crores (US $50.16 million) for the year 2018-2019 and is targeting the growth of 50%.
UnfoldU is majorly bootstrapped but will opt for the retail offering of its digital shares on the blockchain security exchanges post the closure of this fund-raising round.
Currently, a small percentage of its digital shares trade on the BitLux OTC exchange. The market capitalization of the company is close to Rs 30,800 crore (US $4.4 billion).
The company is raising capital to develop four-dimensional (4D) educational content backed with artificial intelligence. The company is also in the process of developing application which will allow both students and teachers to collaborate.
Commenting on the fund-raising plan Harish Bajaj said "UnfoldU is focusing on hyper growth as this is the right time to expand. A large percentage of students in India cannot afford personalized tuitions but they have access to the mobile phones and the internet due to their rising quality and falling prices. Our educational content is graphically engaging and driven by online tests, chat with the teacher facility and so on. We are also in the process of developing online education market place driven by 4D educational content and artificial intelligence,".
UnfoldU provides its services through both website and mobile application.
About UnfoldU
The aim of establishing the company was to provide tuition replacement to students at nominal costs through online courses. Our motto is to facilitate well researched study material to students at their doorstep so that they have a clear understanding of all the principles and basic concepts; and they do not need to go to expensive tuition and coaching centers for help.
Our Mission
Our mission is to provide easy and accessible online study material for EVS, Mathematics, Science, Physics, Chemistry, Biology to students of classes - 1st, 2nd, 3rd, 4th, 5th, 6th, 7th, 8th, 9th, 10th , 11th & 12th for all boards of the country. The videos are available in both English & Hindi medium.
Through our study module, students can study anytime 24*7*365 at their home only. The time saved from going and coming back from study centers can be productively used for extra-curricular activities.
The problem of pick up and drop is solved and parents do not need to worry about their children getting caught in bad company.
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