Ronnie Screwvala’s investment firm leads $10 million round in Lido Learning

• Lido Learning plans to use the funds to expand further in domestic and international markets.
• The company offers small-group online tutoring classes in math, science, coding and English.
• Lido Learning has raised $20 million to date and it counts Paytm’s Vijay Shekhar Sharma, CultFit’s Mukesh Bansal, Shaadi.com’s Anupam Mittal as investors.

Mumbai-based edtech startup Lido Learning has raised $10 million in a round led by Indian entrepreneur Ronnie Screwvala’s Unilazer Ventures.

The company plans to use this latest round of funding to fuel its aggressive expansion plans in both domestic and international markets. It will soon launch its free user app to give students access to free video content for life.

Screwvala is the founder of television broadcasting service United Television (UTV), production company RSVP Movies and edtech startup UpGrad.

Sahil Sheth, founder and chief executive (CEO) of Lido Learning, in a press note added, “We’re going to use this new round of capital to ensure that our classes are accessible to students from every corner of India as well as the world. We’re going to double down on our efforts to connect students with...teaching talent.”

Founded in 2019, Lido Learning offers small-group online tutoring classes in math, science, coding and English. The company focuses on the K12 segment, for students in kindergarten to 12th grade.

The company accelerated its international expansion plans earlier this year, by launching its coding classes in the US and Canada. It now plans to launch its operations in the UK, Australia, New Zealand and South East Asia in early 2022. The company already has marked its presence in the Middle Eastern geographies.

Lido Learning has raised $20 million to date from marquee institutional investors like Alibaba-backed BAce Ventures, Picus Capital, and 9 Unicorns. It also counts Paytm’s Vijay Shekhar Sharma, CultFit’s Mukesh Bansal, Shaadi.com’s Anupam Mittal, MedLife’s Ananth Narayanan as investors.

“Lido is the first mover in the small-group, online tuition space. The company has differentiated itself from the start from all other players that primarily offer self-directed learning or large-group classes,” Ronnie Screwvala, founder of Unilazer Ventures, said.

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