Edtech startup Lido Learning has raised $ 10 million in a round led by Ronnie Screwvala-helmed Unilazer Ventures.
The team said the new round of asset will be used to further fuel Lido Learning’s aggressive international expansion plans, which include participating the UK, Australia, New Zealand, and South East Asia in early 2022, in addition to strengthening its existing Middle-Eastern, American, and Canadian operations. The edtech startup too aims to introduce classes in all these geographies in other topics already being offered by the online see startup at home, namely Maths, Science, and English, for students from KG to Grade 12.
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Sahil Sheth, Founder and CEO, Lido Learning, said, “We’re going to use this new round of fund to double down on our efforts to connect students all regions of the world with India’s exceptionally well-qualified and dedicated teaching talent. Lido was the first in the country to recognise the dominance 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 still further heightened $20 million from marquee institutional investors such as Alibaba-backed BACE Ventures, and Rocket Internet-backed Picus Capital, along with conducting entrepreneurs including Vijay Shekhar Sharma, Mukesh Bansal, Anupam Mittal, and Ananth Narayanan, among others.
Earlier this week, Lido Learning announced its entry into the US and Canada with its flagship coding program with the’ Pair Learning’ methodology, which has just two students per educator to facilitate faster learning, deeper interactions, and real-time problem-solving. Lido’s coding curriculum aims to lay focus on empowering students to combine coding with their own individual ardours, to create learning experiences that are fun and memorable.
Lido Learning territory it is currently on track to reach a $ 100 million moved pace by dissolve of the financial year. The startup cures students learn and practise critical thinking and problem-solving abilities in real-time, instead of focusing purely on programming skills.
Ronnie Screwvala, Founder of Unilazer Ventures, said, “Lido is the first mover in the small-group, online tuitions cavity. The company has distinguished itself from the start from all other musicians that primarily offer self-directed learning or large-group castes. Lido’s strategy of immersive learning and rewarding positive see outcomes has ensured that it is best-positioned to consolidate the $15 billion neighborhood tuition market.”
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Edited by Kanishk Singh
Read more: yourstory.com
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