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 latest version of X helps prevent deepfakes on social medi
To combat deepfakes and shallowfakes, Elon Musk revealed a new update t...
India and Namibia collaborate on a payment system similar to U
Once operational, the platform will enable digital transactions in Namibia,...
Sebi issues show-cause notices to six Adani group firms
Sebi issued show-cause notices to six Adani Group firms, including Adani ...
Microsoft to build a new data centre to support Thailand's tec
Microsoft has revealed intentions to construct a regional data centre as w...
TATA CONSULTANCY SERVICES
VVDN TECHNOLOGIES
SAMRIDDHI AUTOMATIONS PVT. LTD.
ZOHO CORPORATION PVT. LTD.
Technology Icons Of India 2023: Vijay Shekhar Sharma
Vijay Shekhar Sharma is an Indian technology entrepreneur and billiona...
Technology Icons Of India 2023: Rajiv Srivastava
Rajiv Srivastava is the Managing Director of Redington Group. With 35 ...
Technology Icons Of India 2023: Amit Chadha
. An influential leader in the engineering services industry for over ...
ITI Limited widening its focus area
ITI Limited is a public sector undertaking company, has manufacturing ...
BSE provides highly secure, efficient and transparent market for trading
BSE (formerly known as Bombay Stock Exchange Ltd.) is Asia's first & t...
Aadhaar: Architecting the World's Largest Biometric Identity System
The Unique Identification Authority of India (UIDAI) is a statutory au...
INFLOW TECHNOLOGIES PVT. LTD.
Inflow Technologies is a niche player in the IT Infrastructure Distrib...
TEXONIC INSTRUMENTS
Texonic has carved a niche for itself in the Technology Distribution i...
INGRAM MICRO INDIA PVT. LTD.
Ingram Micro India, a large national distributor offers a comprehensiv...