iWorld
Airtel acquires 25 per cent stake in Lavelle Networks
Mumbai: Telecom major Bharti Airtel has acquired about a 25 per cent equity stake in Bengaluru-based technology startup Lavelle Networks. The agreement is subject to statutory approvals.
Lavelle Networks specialises in software-defined wide area network solutions and it serves a range of industry segments. “As more enterprises move to cloud-based applications to serve their customers in a digital-first ecosystem, they require on-demand and reliable network connectivity. As a result, there is a surge in demand for software-defined solutions that have the agility to serve a cloud-based hybrid IT environment,” said the statement.
“SD-WAN is the necessary arsenal for enterprises to transform and future-proof their network infrastructure in this digital age,” said Frost & Sullivan South Asia associate director and head ICT Apalak Ghosh. “Its market in India is expected to grow exponentially at a CAGR of 55 per cent in 2022-2026. As per F&S End-User Survey 2021, about 62 per cent of enterprises plan to deploy SD-WAN across their organization in the next 1-2 years. Some of the major drivers which would contribute to this phenomenal run include the need for seamless management of hybrid networks, faster deployment of new sites, and network cost-efficiency.”
Airtel Business’ network-as-a-service (NaaS) is a digital platform that is built to address the emerging connectivity requirements of enterprises as they go through the cloud and digital adoption and acceleration journey. As part of its NaaS portfolio, Airtel will offer software-defined connectivity solutions from Lavelle Networks and co-create a host of innovations as part of its NaaS platform. This also aims to bring ‘made in India’ products and solutions for enterprises by offering cutting-edge technology and cost efficiencies.
“We are pleased to support Lavelle’s growth journey and excited to collaborate with them to take their world-class solutions to enterprise customers in the fast-growing Indian NaaS market,” said Airtel Business director and CEO Ajay Chitkara. “With our end-to-end solutions play and brand trust, we are uniquely positioned to serve the needs of India’s fast-growing digital economy.”
“Digital India’s businesses are racing away to applications, cloud and software,” said Lavelle Networks co-founder and CEO Shyamal Kumar. “Connecting all of this together are our enterprise data networks. We are extremely excited that our product and early market success will now be massively accelerated by this transformational partnership with Airtel.”
eNews
Paisabazaar launches Credit Premier League 2.0
Nationwide campaign rewards highest credit scores with Rs 1 lakh top prize.
MUMBAI: When credit scores become a national league, even your CIBIL report starts feeling like it’s playing in the IPL and Paisabazaar has just kicked off the second season. Paisabazaar, India’s leading marketplace for financial products and the country’s largest free credit score platform, has announced the return of the Credit Premier League (CPL) 2.0, a fun, nationwide initiative to recognise and reward individuals with the highest credit scores.
Building on the success of the first edition, CPL 2.0 introduces higher rewards and broader participation. The individual(s) with the highest credit score in the country will win Rs 1 lakh, while state champions will each receive Rs 10,000. Additionally, all participants from the winning state, the one with the highest average credit score will also be rewarded.
All winnings will be credited directly to winners’ PB Wallet, allowing them to pay credit card bills, recharge mobiles, or settle utility bills seamlessly on the Paisabazaar platform.
Paisabazaar CEO Santosh Agarwal said the campaign aims to make credit awareness more engaging and mainstream. “With CPL, we are bringing together engagement, gamification and rewards to make conversations around credit scores more mainstream,” he noted. “Our focus remains on building a financially aware and credit-healthy Bharat.”
The first edition of CPL saw over 5.5 million participants, with the highest individual score touching 861. Delhi recorded the highest average credit score of 746.
Consumers can participate simply by checking their free credit score on the Paisabazaar platform or app. The CPL leaderboard and rankings will be available exclusively on the Paisabazaar App.
In a country where financial dreams are serious business, Paisabazaar has found a smart way to turn credit scores into an exciting game – because when your financial health gets rewarded, everyone wants to play.
