Edtech startup Lido Learning secures $3 mn in Series A funding round
Edtech startup Lido learning has secured $3 million in Series A funding round. The investment round has been led by investors such as Ronnie Screwvala (Chairman, Upgrad), Ananth Narayanan (CEO, Medlife), Vikrampati Singhania (MD, JK Tyres), Anupam Mittal (CEO, Shaadi.com), and Arihant Patni (MD, Patni Wealth Advisors), among others.
Ronnie Screwvala said, “Online tutoring is very nascent, and Lido has a clear opportunity for market leadership with the strong product and tech it has developed.”
Founded by Sahil Sheth in April 2019, Mumbai-based Lido Learning caters to students from classes five to nine. It provides year-long coaching classes in mathematics and science through an integrated online platform that combines content with tutors from across India.
The edtech startup’s aim is to offer a personalised learning experience to every student, 250 million unique classrooms for 250 million unique students.
Lido said in a statement, “Given its futuristic platform, engaging content, and highly skilled teachers and mentors, Lido is expected to disrupt the existing K-12 ed-tech industry through a massive improvement in quality while being affordable to the average student.”