Lido Learning raises $3 mln from Paytm exec, Picus Capital, others

NEW DELHI: Ed-tech platform Lido Learning on Monday said it has raised USD 3 million from Rocket Internet founder Alex Samwer-backed Picus Capital and Paytm President Madhur Deora, among others.

The Mumbai-based company had previously raised USD 3 million in November last year led by investors like Ronnie Screwvala, Ananth Narayanan, Vikrampati Singhania and others.

“Lido Learning is actively disrupting the K-12 market. Considering the current global pandemic, learning online has become the need of the hour. This is pulling the Indian market towards adopting online tutorials much faster than initially expected and is a huge tailwind enabling us to become a dominant category creator within a short span of time,” Lido Learning founder and CEO Sahil Sheth said in a statement.