Lido Founder Sahil Sheth Building AI-Powered Healthtech Platform

In his second entrepreneurial attempt, edtech startup Lido’s founder Sahil Sheth is building an AI-driven platform to automate healthcare operations. 

The startup which is in stealth mode for now is aimed at providing ease to healthcare professionals to navigate systems, as per Sheth’s LinkedIn profile. 

“Currently, he is building an AI startup aimed at revolutionising healthcare by making it dramatically easier for doctors and patients to navigate the system. This venture promises to deliver transformative efficiency while achieving substantial cost savings,” the LinkedIn bio read. 

Sheth has been working on his new venture since May 2023 and now looking to actively hire workforce for the healthtech startup.

Mint has reported the development first.

Mumbai-based Lido was founded by Sheth in 2019 to offer small-group online tutoring to the K-12 segment in subjects including Maths, Science, Coding, and English.

In 2022, it abruptly laid off the employees over a Zoom call which led to a backlash by its employees taking the issue to social media. Its ex employees pointed out that the startup remained unresponsive to their calls, text messages and emails.

The development comes at a time when India is witnessing a spring of second-time and serial founders starting up again.

This trend started in 2021 when prominent startup’s founders stepped down and picked pace in 2023 when more than 30 founders quit their startups to start new ventures or transition within their companies, or joining other organisations. 

In 2024, key leaders like Adda247’s Chandan Singh, DealShare’s Sourjyendu Medda, and upGrad’s Mayank Kumar moved on to start new ventures.

Edtech unicorn upGrad’s cofounder and MD Mayank Kumar left the company in October ;ast year to launch a new venture. His new startup is focussed on placing skilled Indian labour abroad, especially in healthcare.

Medda floated a new venture, Sports For Life (SFL) after quitting social ecommerce platform Dealshare. 

Besides, India’s healthtech sector has been facing funding issues for quite some time. For instance, the startups in this sector raised a mere $0.7 Bn funding last year across 78 deals in 2024. 

However, the funding raised by healthtech startups stood at a $301 Mn in Q1 2025, largely on the back of healthtech unicorn Innovaccer’s $275 Mn fundraise.

India’s healthtech sector is home to unicorns like Pharmeasy, Cure.Fit, Innovaccer and Tata 1mg. Overall, more than 11,000 healthtech startups have emerged in the country since 2014.