VC Fund Investments
Edtech co Lido Learning raises Rs.41-Cr from Unilazer Ventures
Mumbai-based edtech startup Lido Learning has raised USD 10 million (about INR 73.4 crore) from Ronnie Screwvala promoted Unilazer Ventures. The company has raised USD 20 million so far from BACE Ventures, Picus Capital, 9 Unicorns, Paytm founder Vijay Shekhar Sharma, Mukesh Bansal, Anupam Mittal, Ananth Narayanan and others. Founded in 2019, Lido Learning offers classes in Maths, Science, Coding and English, for students from KG to Grade 12. The company plans to use the new round of capital to fuel its expansion plans in India as well as abroad. Lido Learning claims to be currently on track to reach a USD 100 million run rate by end of the financial year.
From the Venture Intelligence PE-VC Deal Database: In Apr-2020, Lido had attracted a INR 57 Cr investment commitment from BAce Capital, Picus Capital and Others including Unilazer Ventures promoter Ronnie Screwvala, Arun Mullaji, SAPP Solutions, Rajiv Poddar, Abishek Laxminarayan, Tejas Goenka, Mayank Kumar, Marwah Steels Pvt ltd, Sachin Shah, Patni Wealth Advisors LLP, Javed Tapia, Dev pinto, Vikrampati Singhania, Binita Putcha, Anupam Mittal, Supreme Overseas Ltd, Gunvatrai M Sheth, Sonal Gala and Madhur Deora. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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