Lido Learning will raise Rs 41 crore from angel investors Ronnie Screwvala and ZNL Growth Fund Scheme 1. Lido Learning launched an allotment of 1,41,493 Series Seed 2 preference shares at an issue rate of Rs 2,880 per share to raise Rs 40.75 crore.
Lido Learning gives live online tuition classes to children from KG to Class 9 in ICSE and CBSE. It has classes in math, science, English and coding. This month, it launched a coding programme in the US and Canada, beginning its expertise of coding tutors to overseas markets. It is planning to expand to the UK, Southeast Asia, Australia and New Zealand.
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“The company is focusing on giving quality education using carefully measured interventions, visual-based curriculum, use of gamification which promotes positive learning in students. Lido’s international courses will be made available for a region-specific syllabus. Lido will extend its 1:1 class offering outside the country as well,” the company said in a statement.
