What is the logic of Bharti Airtel picking a stake in start-up, Waybeo?
Answer
Answer
Bharti Airtel picked up a strategic stake in tech start-up Waybeo to scale up cloud offerings. Trivandrum based Waybeo focuses on Al-based analytics for cloud telephony. Bharti is looking to dominate the $7 billion public cloud service market in India.
According to Airtel, Waybeo built cutting-edge analytics tools for the enterprise cloud telephony segment. Airtel sees this as a strategic investment.