The online tutoring market in India is growing at an exponential pace.
With more tools to impart education than the offline tutorials, ed-tech startups are not only grabbing market share from the conventional offline tutorials but also creating new engaging methods that students don’t get in offline tutorials.
Among many of those ed-tech startups is LIDO.
Startup Story: LIDO Learning | Online Tuitions
LIDO Leaning is a Mumbai based ed-tech startup and was founded in 2019 by Sahil Sheth.
With a staff of 100 teachers, LIDO is presently offering students from class 5 to class 9 maths and science tutorials.
LIDO is also planning to launch English classes in the first three months of 2020.
Parents just have to pay a subscription fee of Rs. 40K/year for one subject and Rs. 80K/year for multiple subjects.
Besides this, students have access to offline content to practice classroom lessons on the platform.
How Lido Started?
Sahil Sheth with his team, build the platform in 73 days. The trials of the platform started with students in Delhi, Mumbai first and then Chandigarh and Lucknow.
And during the trials, the founders realized that their idea was more engaging and interesting than the regular tuitions.
During the trials, they also found that the parents in smaller towns were more than happy to be getting the quality education that most kids in metro cities get.
On this, Sahil Sheth said,
“Students in smaller towns were thrilled to be getting the same product and the same quality of teachers that students in the bigger cities were getting. That is when Lido’s vision changed. It was not just about making tuition classes convenient anymore, it was about democratizing education for all.”
How is LIDO different from other ed-tech startups?
LIDO has a student to teacher ratio of 1:6. And for the best learning experience, LIDO is providing their students with a ‘rockstar teacher’ who will teach them with ‘interactive content’ to keep them engaged.
And, they have a personalized platform to improve results.
Investors and Funding
LIDO has got total funding of $10.5 Million (Source Crunchbase) from chief investors like Arihant Patni, Ronnie Screwwala, and Ananth Narayanan.