InvestorQ : What is the significance of Airtel picking up a stake in Lattu Media?
Dilmini Mercia made post

What is the significance of Airtel picking up a stake in Lattu Media?

Answer
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Dhwani Mehta answered.
3 months ago


Bharti Airtel, one of India’s leading telecom and digital companies, picked up 10% stake in edutech start-up, Lattu Media. The start-up was part of Airtel’s start-up accelerator program; which means it is an early stage idea that was seeded and nurtured by Airtel. While the deal is quite small by Airtel size, the acquisition will allow Airtel to add edutech as an offering to its digital portfolio for clients. Lattu focuses on one of the hottest Fintech platforms of the day which is digital learning for children. The broad focus will be on English language and maths skills through interactive videos and tutorials. Airtel already has around 160 million active digital customers across its platforms and this will allow them to attract the lucrative digital learning space for children. The digital learning space has gained a lot of traction in the last few months with the support of the COVID-19 lockdown. Valuations have also skyrocketed and this will add a lot of long term value for Bharti.