UnfoldU Undergoes Coin Split Ahead of Its IEO
UnfoldU (UNFLD) was trading at a price of US $3.44 (post-split) at the time of writing of this article. UnfoldU is targeting a larger coin holder base to enhance liquidity. UnfoldU Group has also confirmed that the company has started the process of IEO and is currently in talks with the sponsor to finance the costs related to the marketing and roadshows involved in the IEO. The company is targeting to raise the US $5-10 million to finance the expansion and the marketing costs related to the product and service.
The Corona Effect:
UnfoldU Group has clarified that the ongoing COVID pandemic has positively impacted the company. As per the company insiders, the COVID pandemic has forced a large student base to shift online. Almost all schools in India have moved online as the schools are shut from the last five months. The management believes that the new form of schools will emerge which will be fully online which will greatly benefit the rural areas where quality education still a bottleneck as the teachers often deny relocation to such areas.
“The lockdown has positively impacted our business, the parents have now become more aware of online education and even the students are enjoying the transformation from the classroom study to a fully home-based education system. We understand that schools play a vital role in student’s mental growth, but I firmly believe that for forever online education will become a vital way through which students will gain knowledge. In this lockdown phase, shifting online was not just a part of an expansion plan but it was more or less of a dire need to sustain the tough time,” said Harish Bajaj, Chairman, and CEO of UnfoldU Group.
The IEO Plan:
UnfoldU Group is targeting an IEO for the last few months, the company completed its preparation in November last year and was on verge of launching its offering when the COVID pandemic rocked the global businesses. UnfoldU is targeting to raise the US $50 million in its first round of initial offering. The placement will be completed through a mix of the public and private placement.
Competition in India:
UnfoldU is competing against players like Byju and Vedantu. Both the companies are well funded but are loss-making. Unfold, on the other hand, is targeting to play profitably by directly reaching the parents and students through a mixed marketing strategy. Under this strategy, both the parents and students will be able to try the product in the presence of a marketing agent. This strategy reduces customer conversion time.
UnfoldU is targeting an explosive growth and a tremendous value creation for its stakeholders.
Unfoldu Group Inc.
Postal Address: F-384,Sector-90, Sahibzada Ajit Singh Nagar, Punjab 140307
Press Contact: Neeru Arora
UnfoldU Group Ltd. is a BitLux OTC listed company (trading of tokenized digital shares) operating in the field of the online education industry. The parent company is based in the 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.
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 UnfoldU Undergoes Coin Split Ahead of Its IEO here
News-ID: 2121961 • Views: 996
More Releases from Unfoldu Group
UnfoldU Group Hires Perry Mercier To Raise US $10 Million
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
Unfoldu Group Inc. Initiates CSR Activity
Unfoldu Group Inc., the leading school based online education company has initiated a bunch of corporate social responsibility (CSR) activities where it will support the India based states of Punjab and Haryana schools for their quantum leap into the digital education. The company is committed to develop an advanced technological platform without the active involvement of the Indian government. “We are committed to serve our country. Under the leadership of Narendra
More Releases for Unfold
How will the Growth Unfold for Shoe Insert Market Leaders | ALINE Systems, Inc.; …
Shoe inserts have been gaining immense popularity owing to their effectiveness in foot alignment maintenance. With consumers willing to pay more for products ensuring comfort and wellness, sales of shoe inserts are likely to exceed 1200 million units in 2019. FMI’s new research study on shoe insert market profiles this evolving landscape, bringing prominent insights to the fore. As per the report, the increasing demand for shoe inserts has resulted in a massive
How will the Growth Unfold for Colorimeter Market Leaders | Konica Minolta Sensi …
According to an analytical research study by Future Market Insights (FMI), over 2,400 thousand colorimeters were sold in 2018 over 5% in 2019. Light emitting diodes (LED) have emerged as the preferred light source for colorimeters, accounting for nearly 80% of overall sales in 2018. In line with the revolutionary shift toward LED technologies in general lighting, key players in the colorimeter market have been working on the advancements in LED-based
How will the Growth Unfold for Gum Rosin Market Leaders: Wuzhou Pine Chemicals L …
Global sales of gum rosin were valued at 757.9 KT in 2018 and are estimated to grow at an impressive rate in 2019, as per the latest research study by FMI. Incessant demand for bio-based materials from multiple end-use industries is among the key factors fuelling investments in gum rosins. Multifarious benefits and low price fluctuations are boosting the adoption of bio-based materials, including gum rosins. This, in turn, is
How will the Growth Unfold for Hoarding tarpaulin Market Leaders: Western Tarpau …
Hoarding tarpaulin market: Overview Hoarding tarpaulin is a large waterproof sheet made of High- density polyethylene, low- density polyethylene or PVC which is used to wrap the job site and hoardings to prevent it from the tough environmental conditions. Another application of the hoarding tarpaulins is to retain heat by covering a specific area. These sheets are lightweight, puncture resistant, and high in tensile strength and are made of durable material
How will the Growth Unfold for In Vivo Imaging Systems Market Leaders: Life Tech …
In vivo imaging system can be broken down into in vivo which means performed in living organism and imaging systems which means visual representation system. In other words it can be defined as the technique used for biological imaging in order to study the cellular activity and the effects of drugs in various diseases. It can be subdivided into morphological imaging systems and molecular imaging systems. High-frequency micro-ultrasound, computed
How will the Growth Unfold for Polyols Market Leaders:Mitsubishi-Kagaku Foods, C …
Polyols are defined as sugar-free sweeteners, which are used in the same amount as sugar is used in food and beverage products. The chemical structure of polyols is partially sugar and alcohol thus, called as sugar alcohols. Different polyols available for use in food and beverage products include erythritol, sorbitol, maltitol, isomalt and others. Owing to demand for low calorie food and beverage products among consumers to overcome obesity, weight