The hope and hype driving online education10 min read . Updated: 30 Jun 2020, 01:35 PM IST
- The boom in online education might yield profitability, rare in the startup space. But for how long will this last?
- The flood of new capital is leading to a spending binge. And while the pandemic has brought millions of news users online, it’s impossible to predict how many of them will stick over time
BANGALORE : Until recently, salespeople at Lido Learning, a new education startup, would often be cut short by potential customers as soon as they heard “online tuitions." Of the parents who didn’t hang up, only one among three would end up buying a subscription. By March, Lido Learning, whose teachers give math, science and English lessons over the internet to students from grade IV-IX in real time, had sold just 2,000 such subscriptions in the first year of its launch.
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