Lido Learning, an edtech business, has raised $10 million in a round headed by Unilazer Ventures, which is led by Ronnie Screwvala.
The new round of funding will be used to fuel Lido Learning’s aggressive international expansion plans, which include entering the UK, Australia, New Zealand, and Southeast Asia in early 2022, as well as strengthening the company’s existing Middle Eastern, American, and Canadian operations, according to the team.
Sahil Sheth, Founder and CEO, Lido Learning, said, “We’re going to use this new round of capital to double down on our efforts to connect students all over the world with India’s exceptionally well-qualified and dedicated teaching talent. Lido was the first in the country to recognise the power of learning in small groups, while being enabled by technology, for faster learning and success. We now want to take it to the rest of the world.”
Lido Learning has so far raised $20 million from notable institutional investors such as Alibaba-backed BACE Ventures and Picus Capital, as well as famous entrepreneurs such as Vijay Shekhar Sharma, Mukesh Bansal, Anupam Mittal, and Ananth Narayanan.