[Funding alert] Paytm President, Rocket Internet Founder and others invest $3M in edtech startup Lido Learning
Summary
The latest investors coming onboard this Series B round include Picus Capital backed by Rocket Internet Founder Alex Samwer, and President of Paytm, Madhur Deora. Piloted by second time ed-tech entrepreneur Sahil Sheth who had sold his previous company to Byju’s in 2015, Lidos existing investors include Ronnie Screwvala (Founder, Unilazer Ventures), Ananth Narayanan (CEO, Medlife), Vikrampati Singhania (MD, JK Tyres), Anupam Mittal (CEO, Shaadi.com), Mayank Kumar (Founder, upGrad), Javed Tapia (Founder, Clover Infotech), Arihant Patni (MD, Patni Wealth Advisors), among others. Talking about future growth, Founder and CEO Sahil Sheth said, Founded in 2019, Lido Learning offers live tutoring and personalised online coaching sessions to students from Class V-Class IX in Math and Sciences from both CBSE and ICSE boards. The platform characterises itself as an online immersive live tutoring platform for students, including features like interactive sessions, engaging quizzes and immersive games. Taking advantage of the rapid internet penetration across India, Lido Learning pushes learning outcomes through a 6:1 student-teacher ratio, frontier technologies, personalised content and more.