The Only Education Marketplace In India Serving 1.3 Billion Potential Customers
Message: INDUSTRY BULLETIN: Edtech Startup Lido Learning Raises $3 Mn in Funding from Ronnie Screwvala, Others
Mumbai based Edtech startup Lido learning has raised $3million as part of a Series A funding round led by prominent investors like Ronnie Screwvala (Chairman Upgrad), Ananth Narayanan (CEO Medlife), Vikrampati Singhania (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 revolutionizing traditional tutorials through immersive live small-group online tuitions. Lido caters to students from Class 5-9; offering yearlong coaching classes in Math and Science through an integrated online platform that combines unique interactive content with the best tutors from across the country.
“Ed-Tech is presently under invested but is a massive opportunity in India. Online tutoring is very nascent and Lido has a clear opportunity for market leadership 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 Indian market that has over 250 million students currently enrolled in schools so that the potential for future growth is tremendous. Lido’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 academic advisors. At the centre of this is the state-of-the-art online classroom with animated visual content, immersive games and quizzes with real-time results. Every class has a maximum student to teacher ratio of 6:1 to ensure that each student receives enough coaching, feedback and doubt clearance. Lido aims to build an entire learning ecosystem around students so to push them to their furthest achievement levels with academic advisors assigned to every student to mentor and coach them. Within a few weeks of learning on Lido, students are performing 20% better on classroom tests and are feeling more prepared and confident to participate in class.
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 Learning (Quality Tutorials Pvt Ltd) was launched in April 2019 by Sahil Sheth, offering live tutoring and personalized online coaching sessions to students from Class 5-9 in Math and Sciences from both CBSE and ISCE boards. The platform characterizes itself as an online immersive live tutoring platform for students including features like interactive sessions, engaging quizzes and immersive games.
Every session has a maximum student to teacher ratio of 6:1 to ensure that each student receives enough coaching, feedback and doubt clearing. Within the classroom, students are grouped according to similar achievement levels to ensure that the in-class experience can be personalized as per pace and content. With advanced analytics and tracking, Lido can create unique learning journeys for every student. Based on their class performance, students are given customized homework, remedial help, and challenges to push their limits.
Lido has pioneered gamification through ‘Learn for Rewards’ that tie learning outcomes to real-world prizes.
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