DECEMEBR 201919BI Z ZBUDDINGumbai based Ed-tech startup Lido learning has raised $3million as part of a Series A fund-ing round led by prominent inves-tors like Ronnie Screwvala (Chair-man Upgrad), Ananth Narayanan (CEO Medlife), Vikrampati Sing-hania (MD JK Tyres), Anupam Mittal (CEO Shaadi.com), Arihant Patni (MD Patni Wealth Advisors), amongst others.Founded in April 2019 by second time ed-tech entrepreneur Sahil Sheth, Lido Learning is revolution-izing traditional tutorials through immersive live small-group online tuitions. Lido caters to students from Class 5-9; offering yearlong coaching classes in Math and Sci-ence through an integrated online platform that combines unique in-teractive content with the best tu-tors from across the country."Ed-Tech is presently under invested but is a massive oppor-tunity in India. Online tutoring is very nascent and Lido has a clear opportunity for market leader-ship with the strong product and tech it has developed.They are onto something very big here," said Ronnie Screwvala.According to a Google-KPMG report, the online tutoring market is expected to grow dramatically in the next two years, to around 10 Million users by 2021. This is still only a tiny sliver of the Indi-an market that has over 250 mil-lion students currently enrolled in schools so that the potential for future growth is tremendous. Li-do's ultimate goal is to provide a personalized learning experience to every student - 250 million unique classrooms for 250 million unique students.Within 3 months of operations, Lido has gained incredible traction and is expanding rapidly across the country.Lido's key value proposition is in its dynamic learning environment - interactive classroom, excellent teachers and supportive academ-ic advisors. At the centre of this is the state-of-the-art online class-room with animated visual con-tent, immersive games and quizzes with real-time results. Every class has a maximum student to teach-er ratio of 6:1 to ensure that each student receives enough coach-ing, feedback and doubt clearance. Lido aims to build an entire learn-ing ecosystem around students so to push them to their furthest achievement levels with academic advisors assigned to every student to mentor and coach them. With-in a few weeks of learning on Lido, students are performing 20% bet-ter on classroom tests and are feel-ing more prepared and confident to participate in class.Given its futuristic platform, engaging content and highly skilled teachers and mentors, Lido is ex-pected to disrupt the existing K-12 ed-tech industry through a massive improvement in quali-ty while being affordable to the average student. ED-TECH START-UP LIDO LEARNING RECEIVES $3 MILLION FUND IN SERIES AM
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