Bharti Airtel (“Airtel”) has announced an agreement to acquire approximately 25 per cent equity stake in a Bengaluru-based technology start-up, Lavelle Networks. The agreement is subject to applicable statutory approvals.
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 ecosystem, 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, the company said.
“SD-WAN is the necessary arsenal for enterprises to transform and future-proof their network infrastructure in this digital age. Its market in India is expected to grow exponentially at a CAGR of 55 per cent in 2022-2026. As per F&S End-User Survey 2021, about 62 per cent of enterprises plan to deploy SD-WAN across their organisation in the next 1-2 years. Some of the major drivers which would contribute to this phenomenal run include the need for seamless management of Hybrid Networks, faster deployment of new sites, and network cost-efficiency,” said Apalak Ghosh, Associate Director and Head of ICT, Frost & Sullivan South Asia.
Airtel Business’ Network as a service (NaaS) is a digital platform, which focuses on addressing the emerging connectivity requirements of enterprises as they go through the cloud & digital adoption and acceleration journey, which has significantly increased due to the COVID19 pandemic.
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.
“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,” said Ajay Chitkara, Director and CEO, Airtel Business
“Digital India’s businesses are racing away to applications, cloud and software. Connecting all of this together are our enterprise data networks. We are extremely excited that our product and early market success will now be massively accelerated by this transformational partnership with Airtel,” said Shyamal Kumar, co-founder & CEO, Lavelle Networks.