Telecom giant Bharti Airtel has picked up a strategic stake in Waybeo under its start-up accelerator programme. The company did not divulge into the financial details of the deal. Waybeo is the fifth startup to join Airtel Startup Accelerator Program.
Waybeo is a Trivandrum based startup offering deep Al-based analytics for cloud telephony. India’s cloud services market is expected to reach US$7.1 billion by 2024. So, This is a wise move from Airtel to get an early pie of the market.
Adarsh Nair, Chief Product Officer, Bharti Airtel said, “Cloud technologies are transforming the way businesses serve and delight their customers. We are thrilled to onboard Waybeo to our Startup Accelerator program and provide them a platform to scale up their technologies as part of Airtel’s world-class cloud services ecosystem.”
Waybeo incubated in 2009 in Technopark Thiruvananthapuram and launched its first product back in 2012. The company was founded by 6 friends who thought about an idea to connect business with potential customers. Their software works on AI-powered call tracking for sales and marketing.
On its official website, the company claims to have some big names such as Ford, Royal Enfield, and HP on its client’s list.
