Airtel acquires stake in Lattu Kids to boost Edtech
Bharti Airtel, a global telecommunications operator and the parent company of Airtel Nigeria, has taken a strategic step towards utilisation of technology to support remote, distance and online learning. To boost it’s premium digital content portfolio, the company acquired a stake in edtech startup, Lattu Media Pvt LTD (Lattu Kids).
The investment which is also part of Airtel Startup Accelerator Program will scale up distribution of quality learning material from Lattu Kids.
Mumbai, India based Lattu Kids specialises in digital learning tools for children. Its Lattu Kids app focuses on improving English vocabulary, English reading and Maths skills for children under the age of 10 years through entertaining, fun learning animated videos and games.
The investment will enable Airtel to add edtech to its premium digital content portfolio and give distribution scale to quality learning material from Lattu Kids. Airtel already has over 160 mn monthly active users across its digital platforms
According to the Chief Product Officer, Bharti Airtel, Adarsh Nair, “At Airtel, we aspire to support the growth of the startup ecosystem through our digital platforms. And now more than ever, online education is a critical need for millions of young children who do not have access to regular classrooms. We believe that Lattu Kids can make a positive impact in the space of online education and are excited to have them in our accelerator and partner in their growth.”
Co-founder and CEO, Lattu Kids, Vivek Bhutyani, added “Our vision with Lattu Kids is to impact learning outcomes for young children in Nursery to Grade 2 and lead this category in India by using digital content, gamification and technology. With Airtel, we have found an equally passionate partner and our synergies in this space will allow us to scale Lattu to millions of kids in India across classes and make it a much-loved home grown edtech brand.”
Lattu Kids becomes the fourth company to join the Airtel Startup Accelerator Program, which allows startups to leverage Airtel’s robust ecosystem, including its core strengths in data, distribution, networks and payments. This includes access to a vast online and offline distribution network that touches 300m+ customers, deep market understanding and platform of global strategic partners. Further, startups also get access to advisory services from BhAirtel’s executive team.
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