Lido Healthtech

Overview

Lido Learning is an India-based edtech startup that offers interactive online tutoring for children from Kindergarten to Grade 10 in subjects such as mathematics, science, English, and coding. Founded in 2019 by Sahil Sheth, Lido Learning operates on a B2C model, providing small-group online classes conducted via an innovative platform integrating gamified learning and interactive content. Initially backed by investors like Ronnie Screwvala, the company quickly grew its customer base with a mission to democratize education by making high-quality tutoring accessible nationwide.

Recent Developments

Lido Learning has seen significant turbulence over the past few months. The company, which had raised approximately $27.4 million from several fundraising rounds, abruptly shut down operations in February 2022. Here are the key events leading up to its closure:

April 2021: Lido secures a $10 million funding round led by Unilazer Ventures to enhance its tech infrastructure and expand its footprint across India and overseas.
October 2021: Attempted to broaden its reach internationally, the company spent heavily on marketing, particularly around high-profile events like the Indian Premier League.
February 2022: Due to a cash crunch, Lido Learning unexpectedly ceases operations, leaving numerous employees and stakeholders unsettled. The decision followed failed funding deals and poor financial management.
April 2025: Reports suggest Lido Learning's founder, Sahil Sheth, is involved in developing a new AI-powered healthcare technology platform aimed at easing the navigation systems for healthcare professionals.

Attribute	Information
Founding Date	April 2019
Headquarters	Mumbai, Maharashtra, India
Founders	Sahil Sheth
Revenue	Not publicly disclosed at closure
Key Investors	Unilazer Ventures, BAce Capital, Ronnie Screwvala, Anupam Mittal
Industry	Edtech
Number of Employees	Approximately 1200 at shutdown

Early History

Lido Learning was launched in 2019 by Sahil Sheth, who had previously sold an edtech venture to Byju’s. Capitalizing on the growing demand for online education, Lido aimed to provide a small-group learning experience online, leveraging interactive technology and experienced teachers. The company quickly grew in popularity, attributed to its innovative learning platform, successful funding rounds, and aggressive marketing tactics.

Company Profile and Achievements

Lido Learning's business model focused on providing interactive, small-group online classes that mimicked in-person tutoring sessions. Their platform included features like interactive games and animated content designed to keep students engaged. Over the years, the company achieved significant milestones:

2019: Secured $3 million in Series A funding, attracting high-profile investors.
2020: Launched new courses and expanded its teacher base, seeing a 50% month-on-month growth in user adoption.
2021: Raised another $10.5 million in Series B, led by BAce Capital, to continue expansion throughout India.
2022: Expanded internationally and hosted its first TV advertising campaign during the IPL.

Despite these initial successes, financial mismanagement and strategic errors culminated in the shutdown.

Current Operations and Market Position

As of early 2025, Lido Learning no longer operates its startup due to insolvency. The edtech market in which Lido competed is dominated by players like BYJU'S and Vedantu, who continue to expand aggressively both in India and internationally. Lido’s departure points to the competitive nature and high-risk environment of edtech startups.

Lido Healthtech Company Products

The shift in focus for the original founder Sahil Sheth towards health technology indicates an expansion to diversify beyond traditional education. The new venture focuses on creating AI-driven tools to simplify healthcare systems, leveraging technology to boost operational efficiency in healthcare environments. Details about specific products remain largely undisclosed as the project is still in its early development phases.

Sahil Sheth Lido

Sahil Sheth, founder of Lido, has been a key figure in India's edtech space. After the shutdown of Lido Learning, he has pivoted his focus towards developing technology solutions capable of transforming healthcare processes. This career shift signals his continued commitment to leveraging technology to solve complex problems despite the setbacks faced with Lido.

Conclusion

Lido Learning represented a notable chapter in the burgeoning edtech industry in India, famous for its ambitious growth and untimely closure. Despite its challenges, it offered significant lessons on sustainability and strategic adjustments necessary in highly competitive markets. With the founder turning to healthtech, there remains potential for new avenues that harness technological innovation to advance other sectors, continuing the legacy of problem-solving through tech.