A ray of hope for Indian edtech: Cuemath raises fresh funds, Reliance may invest in Lido

A ray of hope for Indian edtech: Cuemath raises fresh funds, Reliance may invest in Lido

At a time the Indian edtech industry has been struggling to remain afloat amid a severe fund crunch, online math tutoring platform Cuemath on Wednesday said it has raised $57 million in a fresh round of funding led by Alpha Wave, doubling its valuation to $407 million.

Separately, another edtech startup Lido Learning, which fired 1,200 employees in January in one of the largest mass layoffs seen in the Indian startup ecosystem, may get a fresh lease of life with Reliance Industries reportedly looking at investing in the company.

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