**Sahil Sheth Launches New AI Healthcare Startup Amid Lido Learning Controversies**
Sahil Sheth, the founder of the now-defunct Lido Learning, is embarking on a new venture focused on artificial intelligence in healthcare, currently operating in stealth mode. Despite his forward-looking approach, lingering issues from Lido Learning’s collapse continue to haunt him. Three years after the company’s downfall, Sheth is developing an AI platform designed to simplify healthcare navigation for both doctors and patients, promising significant efficiency improvements and cost savings. His LinkedIn profile indicates that this project has been in development for nearly two years, and he is actively recruiting for his new company.
However, the shadow of Lido Learning looms large. Many former employees, still awaiting unpaid salaries, view Sheth’s new endeavor as a stark reminder of unresolved grievances. Himani, a 26-year-old ex-employee, expressed her frustration, stating, “I am planning to file a lawsuit. I cannot let this go,” as she is owed approximately ₹80,000. Another former employee, Vishal Burnwal, who was terminated unexpectedly, shared his struggles, saying, “I have filed so many FIRs, only to get no response. They made a fool out of us.” Burnwal is owed around ₹75,000 following his abrupt dismissal.
In February 2022, nearly 1,200 employees were suddenly asked to resign without receiving their January salaries, attributed to a financial crisis within the company. Most affected were those in sales and marketing, with unpaid dues ranging from ₹20,000 to ₹80,000, totaling potentially up to ₹5 crore. Founded in 2019, Lido Learning aimed to provide personalized online coaching and live tutoring for school students, peaking with over 1,500 employees and nearly $25 million in funding from notable investors. However, the company filed for insolvency in September 2022, unable to meet its financial obligations to employees, vendors, and lenders.
As Sheth moves forward with his new AI healthcare initiative, the unresolved issues from Lido Learning’s past serve as a poignant reminder of the challenges he faces in rebuilding his reputation and business.
**FAQ**
**What is Sahil Sheth’s new venture about?**
Sahil Sheth’s new venture is an AI-led healthcare startup aimed at simplifying the healthcare system for doctors and patients, focusing on efficiency and cost savings.
