Reliance to invest in troubled edtech startup Lido Learning

The Mumbai-based company had shut down operations after laying off hundreds of employees in February.

Lido Learning may have finally found a saviour. The education technology company is in advanced stages of talks with Reliance Industries for raising a fresh round of funds for a significant stake, according to two people in the know. The deal could be closed as early as this week. The size of the deal, terms and conditions and other details are not yet known.

“Definitive documents haven’t been signed yet, but the two companies are in advanced stages of talks,” says one of the two people, both of whom asked not to be named. “In fact, there is a possibility …


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