Airtel picks up up 10% stake in Kerala start-up Waybeo for undisclosed sum

Bharti Airtel announced picking up a strategic 10 per cent stake in the Thiruvananthapuram-based start-up Waybeo for an undisclosed amount. The enterprise focuses on deep AI analytics for cloud telephony.

The deal is part of the Airtel Startup Accelerator Programme and will enable the 2011-founded Waybeo to expand its distribution reach.

Waybeo CEO Krishnan R V said the tie-up with Airtel will help the telecom company use the start-up’s telephone-based AI services. “We envisage a technology that analyses the feedback of Airtel customers, besides improved automation for the telecom company to perform better,” he said. "As a B2B collaboration, this will enable our firm to fetch more such opportunities in the future."

“We are capable of providing prospects in commerce that go beyond mobile-phone and internet services,” he added.

Cloud telephony is growing rapidly in India with businesses moving processes steadily towards cloud-based platforms.