Bharti Airtel said on Wednesday that it has acquired a strategic stake in technology startup Waybeo as part of its plan to expand its cloud products.
Waybeo is a Trivandrum-based startup that focuses on Al-based in-depth Al-based cloud phone analysis. It is the fifth startup to join the Airtel Startup Accelerator Program, which helps promising startups unlock their potential.
According to data from International Data Corporation, by 2024, India’s public cloud service market may reach US$7.1 billion (approximately Rs 52,180 crore). In this context, the cloud phone market is growing rapidly as companies move processes to cloud-based platforms.
Waybeo has built the most advanced analysis tools for the enterprise cloud phone field. According to Airtel’s start-up accelerator program, Waybeo’s solutions will gain a larger distribution range, while allowing Airtel to use Waybeo’s mature and emerging technologies.
Airtel provides services for more than 2500 large enterprises and more than 1 million emerging enterprises through an integrated product portfolio, including Airtel Cloud (multi-cloud products and solutions business).
Adarsh Nair, chief product officer of Bharti Airtel, said cloud technology is changing the way businesses serve and delight customers. “We are pleased to add Waybeo to our startup accelerator program and provide them with a platform to expand their technology as part of Airtel’s world-class cloud service ecosystem.”
Waybeo CEO RV Krishnan said the startup is focused on the enterprise adoption of its call smart tools.
“Most companies make thousands of calls every month. There is no analysis, no automation, and no means to optimize the customer experience. We see Airtel’s strategic investment as an opportunity to expand our technology and corporate influence,” he Say.
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