Airtel Acquires 7% Stake In NaaS Startup Cnergee Technologies
- ByStartupStory | April 27, 2022
Under the Airtel Startup Accelerator Program, Indian telecom giant Bharti Airtel has purchased a 7% interest in Mumbai-based cloud networking solutions firm Cnergee Technologies for an undisclosed sum. Airtel’s network-as-a-service (NaaS) offering for small and medium enterprises (SMBs) wishing to shift to cloud-based applications will be enhanced as a result of this acquisition.
As businesses aim to adopt hybrid work patterns in the post-pandemic environment, Airtel will employ Cnergee’s technologies to expand its ‘Work-From-Anywhere’ solutions offering. The latest step comes after Google paid $700 million for a 1.28 percent interest in Airtel in February 2022. Airtel will receive the funding over the next five years in order to meet the difficulties of 5G.
Cnergee, founded in 2010 by Suvarna Kulkarni, integrates networking solutions for enterprises of all kinds through the cloud. It has created a set of 5G-ready software tools for NaaS that allow for zero-touch service provisioning, central remote monitoring, and management of all connected devices, as well as a variety of real-time analytics. CMAYA, BiiG, GR8WAYS, Bel-RADIUS, and WiiG are among the brands it offers.
Airtel is a communications solutions business that was founded in 1995 by Sunil Bharti Mittal and claims to have over 480 million clients in 17 countries spanning South Asia and Africa. 4G/4.5G mobile broadband and Airtel Xstream Fiber are among its retail offerings, while secure connection, cloud and data center services, cyber security, IoT, Ad Tech, and cloud-based communication are among its enterprise offerings.
Airtel paid an unknown sum in February 2022 for a strategic share in Singapore-based blockchain company Aqilliz. Airtel hoped to use Aqilliz’s innovative blockchain technologies across its adtech (Airtel Ads), digital entertainment (Wynk Music and Airtel Xstream), and digital marketplace (Airtel Thanks App) operations with this acquisition.
To expand its NaaS portfolio, Airtel purchased a 25% equity position in Bengaluru-based enterprise network technology startup Lavelle Networks in January 2022.
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