Sahil Sheth New Venture: 3 Challenges Haunting His AI Healthcare Dream

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Table of Contents

• Introduction to Sahil Sheth’s Next Chapter
• Sahil Sheth New Venture: An AI Healthcare Startup
• The Collapse of Lido Learning
• Unresolved Issues Resurfacing
• Potential of the AI Healthcare Venture
• Navigating Trust and Credibility
• Lessons for Entrepreneurs
• Conclusion

Introduction to Sahil Sheth’s Next Chapter

Sahil Sheth new venture marks a bold leap into AI-driven healthcare, but the shadow of his past with Lido Learning lingers. The founder of the now-defunct edtech startup, which collapsed in 2022, is quietly building a stealth-mode company aimed at transforming how doctors and patients navigate healthcare systems. Yet, unresolved debts and employee grievances from Lido’s downfall continue to resurface, raising questions about trust and accountability. Reported by Mint on April 13, 2025, Sheth’s story is one of ambition tempered by unfinished business. This blog explores his new endeavor, the fallout from Lido, and what it means for his future in a high-stakes industry.

Sahil Sheth New Venture: An AI Healthcare Startup

For nearly two years, Sheth has been developing an AI platform to streamline healthcare, focusing on efficiency and cost savings. According to his LinkedIn profile, the startup promises to “revolutionize healthcare” by simplifying processes for medical professionals and patients alike. While details remain scarce—typical for a stealth-mode company—Sheth is actively hiring, signaling serious momentum. The global AI healthcare market, valued at $20 billion in 2024 by Statista, is projected to hit $190 billion by 2030, making it a ripe field for innovation. Sheth’s pivot from edtech to health tech leverages his knack for analytics, honed at Duke University and Byju’s, but the stakes are higher in a sector where trust is paramount.

The Collapse of Lido Learning

Lido Learning, launched in 2019, was a pandemic-era darling, raising $25 million from investors like Unilazer Ventures for its online tutoring platform. At its peak, it employed 1,500 people and served thousands of students with live classes. But by February 2022, it ran out of cash, shutting down abruptly. Sheth announced the closure in a virtual meeting, asking 1,200 employees to resign without termination letters, promising to settle dues within 90 days, per CNBC TV18. Those dues—salaries, vendor payments, and parent refunds—remain largely unpaid. Lido filed for insolvency in September 2022, reporting a 97% revenue drop to ₹26.4 lakh and a ₹6.4 crore loss in FY24, per Tracxn, leaving stakeholders in limbo.

Unresolved Issues Resurfacing

The fallout from Lido’s collapse continues to haunt Sheth. Former employees like Himani, owed ₹80,000, and Vishal Burnwal, owed ₹75,000, told Mint they’re planning lawsuits, frustrated by unanswered complaints and FIRs. “I cannot let this go,” Himani said, echoing a sentiment shared across X posts from ex-staff. Lido’s insolvency filing didn’t enter the corporate resolution process, meaning creditors can still pursue legal action, per IndiaLaw LLP’s Abdullah Qureshi. Allegations from 2019, when Sheth was accused of stealing intellectual property from Zico Learning, add to the scrutiny, though he called those claims “fabricated,” per Inc42. These unresolved issues cast a long shadow over his new venture’s credibility.

Potential of the AI Healthcare Venture

Despite the baggage, Sheth’s new venture holds promise. AI in healthcare is transforming diagnostics, patient management, and administrative efficiency—think chatbots triaging symptoms or algorithms predicting disease risks. Sheth’s focus on “transformative efficiency” suggests a platform that could, for example, automate medical record analysis or optimize hospital workflows. His experience scaling Lido rapidly, even if unsustainably, shows he can build fast. Success stories like DeepMind’s AI for eye disease detection illustrate the potential, but Sheth must navigate stricter regulations and higher ethical stakes than in edtech. If executed well, his startup could attract investors eager for health tech’s growth, per Forbes.

Navigating Trust and Credibility

Trust is Sheth’s biggest hurdle. Lido’s collapse left parents, employees, and investors—like Ronnie Screwvala, who accused Lido of opacity—feeling betrayed, per CNBC TV18. In healthcare, where patient safety and data privacy are non-negotiable, a founder’s reputation matters. Sheth’s move to the U.S. post-Lido, noted by ex-employee Burnwal, fueled perceptions of evasion, though no evidence confirms this. To succeed, he’ll need transparency—clear communication with stakeholders and a commitment to regulatory compliance, like HIPAA in the U.S. or India’s DPDP Act. Hiring a seasoned team, as he’s doing, could signal accountability, but only action will rebuild confidence amid X chatter questioning his past.

Lessons for Entrepreneurs

Sheth’s saga offers stark lessons for startup founders. First, overreliance on funding rounds, as Lido was, per The Runway Ventures, courts disaster—sustainable growth trumps aggressive expansion. Second, stakeholder trust is fragile; Lido’s failure to pay dues eroded goodwill, a risk Sheth can’t repeat in healthcare. Third, past mistakes amplify scrutiny—Sheth’s Zico allegations and Lido’s debts magnify skepticism about his new venture. Entrepreneurs must prioritize ethical practices and contingency planning to avoid similar pitfalls. Sheth’s pivot shows resilience, but without addressing Lido’s fallout, his healthcare dream risks being overshadowed by old wounds.

Conclusion

Sahil Sheth new venture in AI healthcare is a high-stakes bid for redemption, but Lido Learning’s unresolved debts and broken trust loom large. His stealth-mode startup could reshape healthcare with smarter systems, tapping a booming market, yet credibility remains his Achilles’ heel. Employees awaiting dues and a tarnished edtech legacy demand accountability, as seen in ongoing legal threats and X discussions. Sheth’s analytical prowess and hustle are undeniable, but success hinges on transparency and delivering where Lido failed. As he builds anew, the lesson is clear: no venture thrives without settling the past. The world watches—can Sheth turn ambition into trust?