Under Airtel Startup Accelerator Program, Bharti Airtel purchase 7% equity in Cnergee Technologies

Bharti Airtel, India’s second-largest telecom operator, announced that the Airtel Startup Accelerator Program has acquired a 7% investment in cloud-based networking solutions firm Cnergee Technologies. Cnergee, situated in Navi Mumbai, specialises in cloud-based comprehensive networking solutions for enterprises of all kinds.

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KEY POINTS:

• The telco purchased the interest at a pre-money enterprise valuation that was mutually agreed upon, but the figure was not disclosed due to confidentiality concerns.
• Airtel said in a statement that the stake purchase will allow it to strengthen its NaaS offering for Small and Medium Businesses (SMBs) aiming to speed their transition to cloud-based applications.
• The Navi Mumbai-based business has created a set of 5G-ready software tools for Network-as-a-Service (NaaS) that can be scaled up to enable zero-touch service provisioning, central remote monitoring, and management of all connected devices, as well as a variety of real-time analytics.
• Through its integrated portfolio of connectivity, conferencing, cloud & data centres, cyber security, IoT, Ad-tech, and other services, Airtel Business serves over one million enterprises of all sizes.

Through our world-class NaaS platform, Airtel is on a mission to help businesses speed their digital transformation journeys. We are pleased to welcome Cnergee to the Airtel Startup Accelerator Program and look forward to seeing their Made in India solutions deployed at scale in India’s rapidly developing NaaS industry.

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