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India's telecom company Bharti Airtel today announced it has acquired approx. 25% equity stake in Bengaluru-based technology startup Lavelle Networks. However, the deal amount was not disclosed and is subject to applicable statutory approvals, the statement said.
The announcement comes after technology giant Google had announced up to $1 billion investment in Bharti Mittal's Airtel to power the growth of India's digital ecosystem.
Founded in 2015, Lavelle Networks is a networking software startup that delivers next-generation cloud-powered technology to optimize, secure and manage enterprise branch networks. The firm specializes in Software-defined Wide Area Network solutions and it serves a range of industry segments.
It has connected several thousands of Indian enterprises from the nation's largest financial institutions to e-commerce networks.
The deal is part of the telco’s Airtel Business unit’s plans to address the emerging connectivity requirements of enterprises as they go through the cloud and accelerate digital adoption.
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’ Network as a service (NaaS) is a digital platform, which is built to address the emerging connectivity requirements of enterprises as they go through the cloud & digital adoption and acceleration journey, the company stated.
As part of its NaaS portfolio, Airtel will offer software-defined connectivity solutions from Lavelle Networks and co-create a host of innovations as part of its NaaS platform. This also aims to bring “Made in India” products & solutions for enterprises by offering cutting-edge technology and cost efficiencies, it said.
"Digital India's businesses are racing away to applications, cloud, and software. Connecting all of this together are our enterprise data networks," Shyamal Kumar, co-founder & CEO, Lavelle Networks said.
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