Indian fans of TikTok are still in the hangover of the BJP government’s lethal attack on 59 Chinese apps in the third week of July. ByteDance, the company that owns TikTok, was the most affected one in India’s anti-China drive, as the short video app along with its sister concern Helo, a social networking app, got banned.
Lido Learning provides live and personalised teaching to students in the K-10 segment through its web and app platforms
There are reports that China-based ByteDance, which is also the world’s most valuable startup, has been actively engaged in lifting the ban. Meanwhile the TikTok parent has also plans to make parallel investments in India.
According to latest reports, ByteDance is likely to invest in Lido Learning, a Mumbai-based education technology startup founded by Sahil Sheth. A report in The Economic Times points out that the Chinese startup giant is exploring the possibilities to establish their presence in India’s educational technology sector, which has been witnessing a rapid growth for the last few years.
Lido Learning provides live and personalised teaching to students in the K-10 segment through its web and app platforms.
Indeed, there’s a rider. Lido Learning would have to get approval from the government to materialise the deal with ByteDance. According to India’s new foreign direct investment norms, the investment deals from countries that share a land border with India need to get the government’s nod first.