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UnfoldU Group Plans to Raise Rs 750 Crores Through Equity Placement
Media UnfoldU Group Plans to Raise Rs 750 Crores Through Equity Placement
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Delhi.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 fundraising 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.