Mumbai-based edtech startup Lido Learning has raised $3 million in a Series B funding round from Rocket Internet founder Alex Samwer-backed Picus Capital, and Paytm president Madhur Deora.
Founded in April 2019 by Sahil Sheth, Lido learning raised $3 million as part of its Series A funding round from a clutch of investors just four months back in November last year. Other investors in the startup include Ronnie Screwvala (Chairman, Upgrad), Ananth Narayanan (CEO, Medlife), Vikrampati Singhania (MD, JK Tyres), Anupam Mittal (CEO, Shaadi.com), and Arihant Patni (MD, Patni Wealth Advisors), among others.
Lido Learning offers coaching in mathematics and science to students from classes five to eight through an integrated online platform.
“Considering the current global pandemic, learning online has become the need of the hour. This is pulling the Indian market towards adopting online tutorials much faster than initially expected and is a huge tailwind enabling us to become a dominant category creator within a short span of time,” Sheth said.
INDIA DEAL MONITOR
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