Edtech startup Lido Learning has raised $10 million in a round led by Ronnie Screwval’s Unilazer Ventures. The round of capital will be used to expand international markets and introduce its user app.
The company has already entered Middle East, the U.S. and Canada, and plans to launch its platform in the UK, Australia, New Zealand, and South East Asia by early 2022.
Founded in 2019, Lido Learning offers online classes on academic subjects, incluing math, science, English and coding, by tutors on its online platform to K-12 students.
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 entrepreneurs including Vijay Shekhar Sharma, Mukesh Bansal, Anupam Mittal, and Ananth Narayanan, among others.
“Lido is the first in the country to recognise the power of learning in small groups, while being enabled by technology, for faster learning and success. We’re going to use this new round of capital to ensure that our classes are accessible to students from every corner of India as well as the world," said Sahil Sheth, founder and chief executive officer, Lido Learning.