ROLLER COASTER RIDE OF LIDO LEARNING    

Authors : Mr. VISHANT SINGH; Ms. JAYTI ANAND

Publishing Date : 2022

DOI : https://doi.org/10.52458/9789391842758.2022.eb.grf.asu.ch-12

ISBN : 978-93-91842-75-8

Pages : 46

Chapter id : ASU/GRF/EB/MIVWMSS/2022/Ch-12

Abstract : Just imagine that you are working in start-up edtech company. The February 2022 the company have a meeting and you went to the meeting with high hopes of getting more appraisals because you are thinking that company raised some extra funding this year. But things take a turn when the company announces that they are shutting down all the operations of the company because there is no money to run them. The company is Lido learning. It was founded on April 2019 in Mumbai by Sahil Seth. The company raised total of $20.5 million through various funding rounds. The company even got the status of ‘Unicorn’ in the year 2021. But in the year 2022 they went bankrupt and had no money for its operations.

Keywords : COASTER , services, platform, pandemic.

Cite :

References :

1. Edtech startup Lido Learning shuts shop, employees cry on social media (businessinsider.in)
2. lido learning: amid rising customer & employee concerns, company downsizes, likely to be acquired - The Hindu BusinessLine
3. entrackr.com
4. https://tfipost.com/2022/09/lido-learning-files-for-bankruptcy-the-beginning-of-the-end-of-edutech-in-india/