Bharti Airtel has acquired stake in Bengaluru-based AI startup Vahan and also launched its first startup accelerator.
Airtel’s Startup Accelerator will enable early startups get access to Airtel’s online and offline distribution network, deep market understanding and ecosystem of global strategic partners.
Airtel developed in-house capabilities around machine learning and artificial intelligence which could be leveraged to aid the growth of startups.
Airtel also announced the induction of Bengaluru-based tech startup Vahan into its Startup Accelerator Program.
“Airtel will acquire a stake in Vahan and partner with them in building significant scale to achieve their vision of enabling jobs for the next billion internet users,” the statement added.
Founded in 2016, and backed by YCombinator and Khosla Ventures, Vahan leverages advanced Artificial Intelligence to match job seekers with employers inside messaging apps such as Whatsapp.
“It is focused on finding blue-collar jobs for millions of young Indians in delivery, driving, retail, BFSI, BPO and hospitality sectors with companies such as Zomato, Swiggy and Dunzo as clients,” the statement said.
“Today, early stage startups in India have some very exciting ideas but face multiple challenges in scaling up. With Airtel’s scale and digital capabilities around distribution and payments, we have the potential to drive accelerated growth of emerging startups that are solving hard problems,” Bharti Airtel Chief Product Officer Adarsh Nair said.