Based in Mumbai founded in the year 2019 by Sahil Sheth a former vice president of Byjus. Lido learning is an ed-tech company for formal classroom education through an online classroom environment. classes for students in KG to Grade 12. content like animated videos and interactive games, a personalized platform for homework, tests, challenges, and inspiring teachers.
Ronnie Screwvala, a Bollywood filmmaker and fresh entrepreneur leading a unicorn company, upGrad. who is also a Founder of Unilazer Ventures, said, “Lido is the first mover in the small-group, online tuitions space. The company has differentiated itself from the start from all other players that primarily offer self-directed learning or large-group classes. Lido’s strategy of immersive learning and rewarding positive learning outcomes has ensured that it is best-positioned to consolidate the $15 billion neighborhood tuition market.”
this fund will be put into the international expansion plans, which include entering the Markets of the UK, Australia, New Zealand, and Southeast Asia. With the currently existing market of Middle-Eastern, American, and Canada.
Sahil Sheth, Founder, and CEO, Lido Learning, said, “We’re going to use this new round of capital to double down on our efforts to connect students all over the world with India’s exceptionally well-qualified and dedicated teaching talent. Lido was the first in the country to recognize the power of learning in small groups, while being enabled by technology, for faster learning and success. We now want to take it to the rest of the world.”
Lido Learning has so far raised $20 million from marquee institutional investors such as Alibaba-backed BACE Ventures, and Rocket Internet-backed Picus Capital, along with leading entrepreneurs including Paytm’s Vijay Shekhar Sharma, CultFit’s Mukesh Bansal, Shaadi.com’s Anupam Mittal as investors among others.