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Lido Learning News

09 Sep 2022

Ronnie Screwvala backed edtech startup Lido Learning files for bankruptcy

Lido has failed to repay debts and has fallen behind on payments to former employees. Employees received a full and final (F&F) settlement letter from Lido and verbal assurances from HR that their salaries would be paid by the end of June. Lido Learning's bankruptcy filing comes at a time when startups in India are increasingly showing signs of distress.

Edtech Startups

18 May 2022

Layoffs, pivots, restructures: Edtech startups feel the pinch as schools open

Vedantu, White Hat Jr, Lido Learning and Unacademy, among other startups, have laid off employees. Vedantu has recently fired about 424 employees. Lido Learning shut shop early this year.

18 May 2022

'I am truly sorry,' says Vedantu CEO as edtech firm fires over 420 employees

The CEO said in the email that the external macroeconomic environment currently is tough. He cited situations such as the Russia-Ukraine war, recession fears, and Fed interest hikes. Edtech startups such as Unacademy, Lido Learning, and WhiteHat Jr, among others.

06 May 2022

Vedantu fires employees after hundreds lose jobs at Unacademy, Lido Learning

The edtech industry is facing turbulent times. Edtech companies are witnessing a significant dip in the demand for online learning. Companies are either shutting shop or cutting down on their budgets.

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