Bharti Airtel Acquires Strategic Stake In Edtech Startup Lattu Kids; Share Price Up By 4%

Bharti Airtel (“Airtel”), India’s largest integrated telco, today said that it has acquired a strategic stake in Edtech startup Lattu Media Pvt Ltd (“Lattu Kids”) as part of the Airtel Startup Accelerator Program.

Mumbai based Lattu Kids specializes in digital learning tools for children. Its highly popular 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.

At over 500 mn, India has the second largest number of internet users in the world, driven by affordable smartphones and the lowest 4G data tariffs globally. This deep penetration of internet has also led to wide adoption of online learning tools. The COVID-19 pandemic and closure of schools has further accelerated the adoption of virtual classrooms and digitally enabled learning. It is estimated that in India Edtech will become a USD 2 bn plus industry by 2021.

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 – Airtel Thanks app, Airtel Xstream app and Wynk Music.

Adarsh Nair, Chief Product Officer, Bharti Airtel said, “At Airtel, we aspire to support the growth of the start-up 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 LattuKids 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.”

Vivek Bhutyani, Co-founder and CEO, LattuKids said, “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.”