openPR Logo
Press release

Flex Class Holdings Secures $50 Million Funding

09-26-2018 10:03 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Flex Class Holdings

Flex Class Raises $50 Million From Accredited Investors

Flex Class Raises $50 Million From Accredited Investors

Flex Class Holdings Inc. has secured an investment of US $50 million (INR 360 crore) from the non-US accredited investors against its proposed security tokens. The funding was facilitated by EGW Capital India.

The company has filed Form D with the Securities & Exchange Commission (SEC) and is still seeking to raise another US $10 million.

The company is proposing to launch Securities Token Offering (STO) of $100 million in the last week of January, 2019. On the successful closure of the STO, the company will accomplish fund raising of $160 million in total.

The company initially planned an Initial Coin Offering (ICO) but has finally adopted the concept of STO to adhere to the regulations of the SEC.

The stock of the company currently trades on the OTC Premarkets. Post announcement of the successful closure of the funding round, the stock jumped 53% to touch a valuation of $14 billion (INR 100,000 crore). There was heavy volume on the counter, mostly on the buyer side.

Flex Class is raising funds to build a content marketplace to facilitate selling of Massive Open Online Courses (MOOC’s). The company is proposing to purchase large chunk of content and is building resources to reward people who will independently develop content for the company.

“We will patiently wait for the final regulations from the SEC,” said Anurag Vaid, Director of Flex Class Holdings.

The company will launch its STO under the name of Edustars Tokens. The company recently acquired the brand name for $10 million in a mix of both cash and equity.

A pioneer in online education for professionals, we create course programs, exams, and lab projects that help professionals across the world successfully prepare for and complete certification exams with ease. Our unique blended model of training brings together the best of self-learning and online training, making for a successful learning experience.

We strive to constantly improve our learning frameworks to make them more user-friendly.

Our courses are upgraded continuously to ensure our learners are up-to-date on the latest industry requirements and best practices.
We assist our learners in applying for the certification exam of their choice, and our vibrant community of experts and certified professionals is a powerful resource pool of tips, tricks, and insightful advice.

Postal Address: Statesman House Connaught Place New Delhi - 110001
Press Contact: Thomas Mueller

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Flex Class Holdings Secures $50 Million Funding here

News-ID: 1262283 • Views: 920

More Releases from Flex Class Holdings

Flex Class Edustars Security Token Contract Goes Live
Flex Class, the world’s first artificial intelligence based online education business has went live with its token creation on the Ethereum blockchain (ERC20) for its proposed $250 million security token offering under the brand “Edustars”. The Edustars token contract can be reviewed by using the following URL: “” Flex Class has created 19.03 billion Edustars tokens priced at $0.75 each (Symbol: EDST) which will be offered to the public when
Flex Class In Talks To Acquire Edustars Tokens
Flex Class Holdings has officially initiated the process of acquiring Edustars tokens for its proposed Initial Coin Offering (ICO) for an undisclosed amount. The transaction mainly involves right over its brand name and the domain name Flex Class Holdings, a $15 billion (INR 109,000 crore) online education company is proposing ICO from over a year. On the basis of anonymity, a person closer to the transaction estimates the deal value at
Flex Class External Shareholders To Float PE Fund Headed By Rahul Kumar
Flex Class Holdings is all set to sell 65% equity to a undisclosed private equity company, the negotiations are on and the deal is well kept under the wraps, all waiting to be announced in the last week of June. The founders are constantly traveling between Dubai and New York to seal the deal in the best interest of all stakeholders. Flex Class earlier wanted to sell 48% equity, but few
Flex Class Holdings Inc. Gain $3 bn Market Cap In Three Days
Flex Class Holdings Inc., a leading online educational content development company which lost around $38 bn in market cap since early 2018 has gained back $3 bn market cap in the last three days on account of fresh buying and short covering in its stock. Last week, the company’s market cap dipped below $1 bn on the OTC Premarkets on account of heavy short selling and bulk exit by the investors,

All 5 Releases

More Releases for Raises

-Private aviation market shakes up as disruptive technology platform for private jet hire announces successful fundraising-, the leading online aggregator for private jet charter, today announces its plans for expansion, following successful investment fundraising of £2 million generated from eight private investors. The company, whose network accesses over 7000 aircraft based globally, says the funds will be used to deliver a roll-out to new international markets, significant usability
LANXESS raises sustainability profile
Group joins UN Global Compact initiative • Program to lower energy consumption Singapore – Specialty chemicals company LANXESS is raising its sustainability profile and joining the world's biggest and most rapidly growing initiative for corporate social responsibility (CSR), the United Nations Global Compact. “We are delighted to now belong to the group of signatories that are promoting the sustainability of the global economy through their entrepreneurial responsibility,” said Axel C. Heitmann, Chairman of
Lyric Opera Raises More with iBid™
The Guild Board of Directors of the Lyric Opera of Chicago celebrated its 27th Fantasy of the Opera at the Civic Opera House on Saturday. Despite the recent blizzard, over 550 guests attended the event, and $484,000 was raised, benefitting the Lyric Opera. Early in the evening, an array of elegant tastings prepared by some of Chicago’s top chefs enticed the crowd of 550 ticket-holders for the festive
Sixth-grader raises champion steer
Ryne Hutton, a sixth-grader at TMI – The Episcopal School of Texas, was awarded Grand Champion Steer of the Show for his steer Grizzly on Jan. 14 at the Kendall County Stock Show in Boerne. Hutton, age 12, raised the Simmental steer as a 4-H project, along with a Charolais steer, Dez, that won Reserve Champion at the same show. “I knew Grizzly was going to be special,” he says, “because
Zep Solar Raises $7.4M In Equity Investment
FOR IMMEDIATE RELEASE Contact: Christina Manansala Phone: (415) 479-6900 Zep Solar Raises $7.4M In Equity Investment By Zep Solar, Inc.
ParetoLogic Raises Big Bucks for Big Bike
This year’s Big Bike fundraiser for the Heart and Stroke Foundation raised almost $100,000 in Victoria, with over $10,000 of that coming from ParetoLogic. As the highest fundraiser in Greater Victoria, the software developers were awarded the Golden Gears award. ParetoLogic more than doubled their initial team goal of $5,000 due to overwhelming support from the staff and management of ParetoLogic. “This charity has a personal connection for many of