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Media UnfoldU starts process of raising Rs 750 cr

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UnfoldU Group has finalised 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%.

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