Lido Learning, an Indian edtech startup offering an immersive digital platform to transform the education sector, has raised US$ 10 million from Unilazer Ventures on 10 September 2021.
Investors: The latest investment round involved participation from only Unilazer Ventures. The startup has managed to raise, in total, US$ 20 million to date.
Purpose of the funding: The startup seeks to deploy the proceeds from the investment round towards stimulating expansion in Australia, Southeast Asia, Australia, New Zealand, and the UK by the beginning of 2022. It also plans to launch new classes for students from KG to class 12th in these landscapes.
About Lido Learning
Brought to existence in 2019 by Sahil Sheth, Lido Learning aids students in gaining knowledge and applying analytical thinking in real-time in place of prime concentration on coding skills. By the end of the financial year, the firm will achieve its target of a US$ 100 million run rate. The startup structures state-of-the-art content such as engaging games and animated videos through thrilling and live online lessons. It offers an individualised platform and engaging content for tests, challenges, motivating teachers and homework to assist the students in improving their academic performance. The firm currently runs operations in Canada, America and the Middle East and envisages expanding to other new markets.
What the Founder has to say: “We intend to make extra efforts in reaching countless students spread across different geographies across the world and deliver quality knowledge through its proficient and diligent tutors. We are a unique startup in India. We perceive learning becomes more effective when carried out in smaller groups, and our uniqueness assists in earning high growth in the nation. We now wish to cater it to the entire world.”- Sahil Sheth, Founder and CEO of Lido Learning.
What the Investor has to say: “Lido possesses a first-mover advantage in the edtech domain. Every edtech startup provides large-group lessons or self-conducted knowledge, making Lido’s business model distinct from other firms. Lido’s tactic of honouring positive learning results and deep learning has enabled it to become well-placed and integrate the US$ 15 billion neighbourhood edtech industry.”- Ronnie Screwvala, Founder of Unilazer Ventures.
For more extensive analysis and Market Intelligence reports feel free to approach us or visit our website: Venture Capital Market Intelligence Reports | VCBay.
We try our best to fact check and bring the best, well-researched and non-plagiarized content to you. Please let us know
-if there are any discrepancies in any of our published stories,
-how we can improve,
-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback and thank you for stopping by!
Next Article
[…] Next Article […]