Airtel acquires 10% stake in Mumbai-based edtech startup Lattu Media

Bharti Airtel - in a regulatory filing - said the acquisition of the equity shares of investee company is done at mutually agreed pre-money enterprise valuation

Telecom major Bharti Airtel on Wednesday said it has acquired 10 per cent stake in Mumbai-based edtech startup, Lattu Media as part of its Airtel Startup Accelerator Program.

Lattu Media (Lattu Kids) specialises in digital learning tools for children, and the app focuses on improving English vocabulary, English reading and Maths skills for children under the age of 10 years through animated videos and games.

"The investment will enable Airtel to add Edtech to its premium digital content portfolio and give distribution scale to quality learning material from Lattu Kids," a statement said.

Airtel already has over 160 million monthly