ByteDance is shutting down its edtech enterprise in India, the corporate knowledgeable the native staff on Monday, in response to two sources straight aware of the matter.
The choice follows weeks-long dialogue wherein the corporate additionally explored migrating India staff to work with the European edtech staff, sources mentioned, requesting anonymity as they aren’t approved to talk with the press. A lot of the staff, if not all, are being let go, one of many sources mentioned. The edtech division employed over three dozen individuals in India.
The corporate, which posted a number of new roles for its India edtech enterprise as not too long ago as final month, didn’t instantly reply to a request for remark.
At the same time as ByteDance’s marquee providing, TikTok, was banned in India final 12 months, at the least two of its companies — Snapsolve, the training studying app, and music streaming service Resso — have remained operational within the nation. ByteDance, which lower down a lot of its India workforce final 12 months, continued to make use of individuals for the music and edtech companies within the nation.
However each the verticals stayed low-key within the nation and staff had been advised to not discuss in regards to the companies publicly, in response to many aware of the matter.
SnapSolve, which competes with Doubtnut, helps college students in grade six via 12 discover options of math issues by taking and importing footage of them. Doubtnut counts Sequoia Capital India and James Murdoch’s Lupa Programs amongst its backers.
It is a growing story. Extra to comply with…