Lido Learning, an edtech startup, has bagged $3 million (approx INR 21 crore) as part of its series A funding round from a clutch of individual investors, cited Yourstory.
“Given its futuristic platform, engaging content, and highly skilled teachers and mentors, Lido is expected to disrupt the existing K-12 ed-tech industry through a massive improvement in quality while being affordable to the average student,” Lido said.
Lido Leaning was founded by Sahil Sheth in 2019. The platform Lido Learning caters to students from classes five to nine, offering year-long coaching classes in mathematics and science through an integrated online platform that combines content with tutors from across the country.
The startup Lido Learning claims that, within a few weeks of learning on Lido, students are performing 20 percent better on classroom tests and are feeling more prepared and confident to participate in class.
According to Lido Learning, based on their class performance, students are given customised homework, remedial help, and challenges to push their limits.
Furthermore, as per the Google-KPMG report, the online tutoring market is expected to grow dramatically in the next two years to around 10 million users.
Some of the significant edtech startups under a similar roof include BYJU’s, Toppr, MyMBACircle, Unacademy, Clap Global and many more.