New Delhi: Bharti Airtel (“Airtel”), India’s premier communications solutions provider, today announced an agreement to acquire appx. 25% equity stake in Bengaluru based technology startup, Lavelle Networks. The agreement is subject to applicable statutory approvals.
The home grown Lavelle Networks specialises in Software-defined Wide Area Network solutions and it serves a range of industry segments. Its platform has connected several thousands of Indian enterprises from the nation’s largest financial institutions to e-commerce networks.
As more enterprises move to cloud based applications to serve their customers in a digital-first eco system, they require on-demand and reliable network connectivity. As a result, there is a surge in demand for software defined solutions that have the agility to serve a cloud based hybrid IT environment.
Ajay Chitkara, Director and CEO – Airtel Business said: “We are pleased to support Lavelle’s growth journey and excited to collaborate with them to take their world-class solutions to enterprise customers in the fast growing Indian NaaS market. With our end-to-end solutions play and brand trust, we are uniquely positioned to serve the needs of India’s fast growing digital economy.”
Airtel Business serves over one million businesses through its integrated portfolio of – connectivity, conferencing, cloud & data centers, cyber security, IoT, Ad-tech, CPaaS (Airtel IQ), and more. It is the market leader in India’s enterprise connectivity segment.