Private Equity 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.
Company website ↗ (opens in a new tab)
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.)