Lido raises over $7.5 Million in Funding led by Ant Financial
Education technology firm Lido Learning has raised over Rs 56 crore in funding led-by Ant Financial-backed BAce Capital to expand its offering to Indian students, the company said on Tuesday.
"Lido Learning, an ed-tech startup focusing on live online tutorials, has just closed a USD 7.5 million (about Rs 56 crore) Series B round. The round is led by Ant Financial-backed Bace Capital, and completes the ed-tech startup’s overall funding at USD 10.5 million. Existing investors also participated in the round," the statement said.
Lido is BAce Capital’s first ed-tech investment in India, as part of a strategy to continue investing in early stage companies in emerging economies, focusing on India and Southeast Asia.
"Our vision is to build 250 million unique learning journeys for 250 mi...