VC Fund Investments
Airtel to acquire 25% stake in VC-backed Lavelle Networks
New Delhi-based, publicly listed telecom operator Bharti Airtel is to acquire an around 25% equity stake in Bengaluru-based technology startup Lavelle Networks. The startup, founded in 2015, specialises in software-defined wide area network (SD-WAN) solutions, and serves a range of industry segments. Post deal, Airtel will offer software defined connectivity solutions from Lavelle Networks and co-create a host of innovations as part of its NaaS (network as a service) platform.
From the Venture Intelligence PE-VC Deal Database: Between Mar-17 and Apr-19, Lavelle Networks raised $2.6 M from Ideaspring, YourNest, and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
Want to receive such news items in your inbox? Click Here to sign up for a trial.
