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UnfoldU Group Hires Perry Mercier To Raise US $10 Million

07-11-2020 03:38 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Unfoldu Group

UnfoldU To Raise US $10 Million From Private Investors To Finance IEO and Marketing

UnfoldU To Raise US $10 Million From Private Investors To Finance IEO and Marketing

UnfoldU Group, the India based school focused online education company has hired Singapore based Perry Mercier investment bank to raise US $10 million from the private investors.

The funding will be raised from the high networth investors based in India, Singapore and the United Kingdom.

The investment will be raised from the short term investors to sponsor the upcoming US $100 million Initial Exchange Offering (IEO) of UnfoldU which will be conducted in two tranches of US $50 million each.

The short term investors will invest for a period of 18-24 months in lieu of discount given on the traded tokens.

According to the sources, the tokens may be placed at 25-30% discount to the market price with a downside protection to protect from any volatility in the token price.

The tokens of UnfoldU (UNFLD) is currently being traded on BitLux OTC markets, which facilitates the trading between high networth investors. The tokens are currently traded at little US $49.07 each.

"The ongoing Covid-19 pandemic has made people realize the importance of online education. The schools have shifted online which has indirectly trained millions of students on how to use the online tools and resources. The online education will continue to scale new heights even after the Corona pandemic is over," said Harish Bajaj, Chairman of UnfoldU Group.

UnfoldU provides school education (K-12) through its mobile app and desktop application and has a strong presence in India's Tier I and Tier II cities.

UnfoldU is targeting to conduct its IEO on a leading crypto exchange to add new content and to foray into online classes for competitive examinations.

UnfoldU has a IEO rating of 4.2 out of 5 as per ICO Bench, the leading ICO and IEO rating agency.

The company is consistently growing and has a vision of directly competing with Byju's in India.

Unfoldu Group Inc.
Postal Address: F-384,Sector-90, Sahibzada Ajit Singh Nagar, Punjab 140307
Press Contact: Neeru Arora
Email: media@unfoldu.com
Web: www.unfoldu.com

UnfoldU Group Ltd. is a BitLux OTC listed company (trading of tokenized digital shares) operating in the field of online education industry. The parent company is based in USA while the subsidiary offices are based in Canada and India.

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.

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