Lido Learning shut down its operations
By MYBRANDBOOK
Lido Learning, the edtech startup backed by Ronnie Screwvala has shut down its operations. Lido Learning’s Assistant Marketing Manager Rishabh Kumar had also posted a note on LinkedIn about the same.
“Everything was going well suddenly on 4 Feb 2022, an official townhall has been announced in the morning. The founder announced that organisations is having no funds to run its business and they are shutting it down,” mentioned Kumar in the post on the professional networking platform.
Several vendors and employees of Lido Learning across social media have been complaining about payment dues and salary delays. Many such people also complained that the company has stopped responding to their messages.
The Mumbai-based startup had also announced its entry into the U.S. and Canada during September last year and was planning to expand into India and overseas with the new funds. The company used to offer live online tuition classes to students between classes KG to Class 9 in Math, Science, English, and coding from CBSE and ICSE boards.
It is said that the company had tried hard for a large financing round, however, it failed to convince new investors. As per reports, Lido Learning was in talks with Singapore-based Temasek to raise about $30 million.
The government of India intends to construct a single portal f
A single portal will be launched by the Indian government to list all of it...
OpenAI offers GPT-4o, a faster model available to all users at
GPT-4o, a faster and more sophisticated AI model, is made available to all...
Paytm brings UPI Lite Wallet for low-value transactions
Paytm’s parent company One97 Communications (OCL) is emphasizing upon UP...
BHIM to join e-commerce, competing with PhonePe and Google Pay
The government-supported payment software BHIM is getting ready to join t...
POLYCAB INDIA PVT. LTD.
DIGISOL SYSTEMS LTD.
JUVAS SOLUTIONS PVT. LTD.
FINOLEX INDUSTRIES LTD.
Technology Icons Of India 2023: Harsh Jain
Harsh Jain is an Indian Entrepreneur, the co-founder and CEO of the In...
Technology Icons Of India 2023: Sachin Bansal
Sachin Bansal’s fintech startup, Navi Technologies, simplifies loan ...
Technology Icons Of India 2023: Kulmeet Bawa
Kulmeet Bawa resides as President & Managing Director, SAP Indian subc...
BEL leveraging next generation technologies to keep the country ahead in Defence space
Bharat Electronics Limited (BEL) is a Navratna PSU under the Ministry ...
TCIL continues to strengthen India with its technology expertise
TCIL undertakes consultancy & turnkey projects in the field of Telecom...
STPI encouraging software exports from India
Software Technology Parks of India (STPI) is an S&T organization under...
IRIS GLOBAL SERVICES PVT. LTD.
Iris Global services is one of the leading distribution houses that d...
SATCOM INFOTECH PVT. LTD.
Satcom Infotech Pvt. Ltd is a distribution houses in security in India...
INTEGRA MICRO SYSTEMS PVT. LTD.
Integra is a leading provider of innovative hi-technology products an...