Airtel picks up stake in cloud telephony startup Waybeo

Bharti Airtel has picked up a strategic stake in tech start-up Waybeo under the Airtel Startup Accelerator Program to scale up its cloud offerings.

Waybeo is a Trivandrum based startup focused on deep Al based analytics for cloud telephony, and is the fifth startup to join the fast growing Airtel Startup Accelerator Program, which helps promising startups unlock their potential.

As per IDC, the public cloud services market in India is likely to reach US $7.1 billion by 2024 and the cloud telephony market is seeing rapid growth as businesses move processes to cloud based platforms.

Under the Airtel Startup Accelerator Program, Waybeo’s solutions will get larger distribution reach while giving Airtel access to Waybeo’s proven as well as emerging technologies. Airtel serves over 2,500 large enterprises and more than a million emerging businesses with an integrated product portfolio, including Airtel Cloud, a multi-cloud product and solutions business.

Adarsh Nair, Chief Product Officer, Bharti Airtel said, “Cloud technologies are transforming the way businesses serve and delight their customers. We are thrilled to onboard Waybeo to our Startup Accelerator program and provide them a platform to scale up their technologies as part of Airtel’s world- class cloud services ecosystem.”

Krishnan RV, CEO, Waybeo said, “We are really focused on enterprise adoption for our call intelligence tools. Most of the enterprises drive hundreds of thousands of phone calls a month. There is no analytics, no automation, and no means to optimize the customer experience. We look at strategic investment from Airtel as an opportunity to scale our technology and enterprise reach.”

The Airtel Startup Accelerator Program, allows start-ups to leverage Airtel’s robust ecosystem and in the past, Vahan, Spectacom, Lattu Kids and Voicezen have joined the program.

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