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Twitter-backed ShareChat to shut down fantasy sports app Jeet11, eliminate some jobs

Indian social media startup ShareChat, backed by Twitter, Tiger Global and Temasek, is shutting down its fantasy sports platform Jeet11 and has laid off some employees.
People familiar with the matter told TechCrunch that the startup sent an email to its affected employees last month. The platform was operational at the time of writing.
ShareChat confirmed to TechCrunch that it is ceasing the operations of Jeet11 and has laid off less than 5% of its employees due to the decision. The startup has a total workforce of around 2,300 employees, suggesting that the move impacted over 100 people.


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