Post USD3 mn fund raise, Lido Learning plans to hire 500 online tutors

In a statement, the company said that the coronavirus pandemic has forced the states to shut down schools affecting millions of students, creating an inclination towards online learning.

"Given this tough time of unprecedented layoffs and a massive economic downturn in India, Lido Learning is one of the few startups to ramp up its hiring across teams," it said.

Recently, Lido raised $3 million as part of a Series-B funding round, with existing investors doubling down, and new investors including Picus Capital and Paytm President Madhur Deora, coming onboard.

Lido is an ed-tech company which provides live online tutorials with expert tutors, engaging content, immersive games and quizzes.

Speaking on the ramp up of hiring, Founder and CEO Sahil Sheth said: "Whether it is through hiring tutors to meet the demands of an expanding new customer base, or hiring senior engineering talent to keep innovating on our platform, Lido is going full steam ahead. We expect our team to keep growing over the coming months, to keep pace with the huge demand for online learning."

Lido has brought on board over 100 online tutors in the past few weeks, and plans to add another 500 more this month.