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Bharti Airtel buys around 25% stake in startup Lavelle Networks

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Bharti Airtel buys around 25% stake in startup Lavelle Networks

Telecom operator Bharti Airtel on Monday announced an agreement to acquire a roughly 25% stake in Bengaluru-based tech startup Lavelle Networks. In addition, ASM Technologies, a global provider of technical engineering and product development services, made a follow-on investment in Lavelle Networks.

In a statement on Monday, Airtel announced the acquisition of a strategic stake of about 25% in SD-WAN startup Lavelle Networks, but did not disclose financial details of the transaction involving the cash consideration.

Lavelle Networks specializes in software-defined wide area network (WAN) solutions that serve a range of industry sectors.

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“As more businesses turn to cloud-based applications to serve customers in a digital-first ecosystem, they need on-demand and reliable network connectivity,” Airtel said in the release.

As a result, there is an increasing demand for software-defined solutions that can flexibly serve cloud-based hybrid IT environments.

Airtel Business’ Network as a Service (NaaS) is a digital platform focused on emerging connectivity needs as businesses adopt cloud and digital.

In the NaaS portfolio, Airtel will provide software-defined connectivity solutions from Lavelle Networks and co-create a range of innovations as part of its platform.

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“It also aims to bring ‘Made in India’ products and solutions to businesses by providing cutting-edge technology and cost-effectiveness,” said Airtel.

The indicative time period for the completion of the acquisition is February 28, 2022.

Airtel said in a regulatory filing: “The acquisition of the stake in the investee company was done at a pre-financed corporate valuation agreed upon by both parties. For confidentiality reasons, the said valuation is not disclosed here.” Consider cash.

Founded in 2015, Lavelle Networks is a networking software startup that provides cloud-based technology to optimize security and manage enterprise branch offices.

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In addition, ASM Technologies, a provider of technical engineering and product development services, has made a follow-on investment in Lavelle Networks, the companies said in a statement, without providing details of the investment.

“ASM Technologies has been a partner of Lavelle Networks since its inception and even co-founded a Software-Defined Networking Center of Excellence (CoE) in Bangalore last year,” it added.

Earlier this month, Lavelle Networks was selected into the latest cohort of the Google for Startups Accelerator (GFSA) India program, which helps high-potential Indian tech startups build and scale in their early years.

Complete News Source : Business Standard

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Laid stars Stephanie Hsu and Zosia Mamet reveal the worst gifts their romantic partners gave them | Exclusive

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Laid stars Stephanie Hsu and Zosia Mamet reveal the worst gifts their romantic partners gave them | Exclusive

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Stephanie Hsu and Zosia Mamet talk about their new series Laid, and some of the horrors of dating as millennials.
Imagine a scenario where anyone and everyone you have ever been intimate with begins to die one by one. Is it a curse? If yes, then who is cursed? These are questions that Stephanie Hsu‘s Ruby battles with in the new zany comedy, Laid. Ahead of the show’s release, Stephanie and co-star Zosia Mamet spoke exclusively with HT about their roles, the show’s unique premise, and the horrors of dating as millennials. (Also read: Dune: Prophecy star Emily Watson on working with Tabu: ‘She is a true treasure’)

Stephanie Hsu on her character’s flawed morality

Laid, created by Nahnatchka Khan and Sally Bradford McKenna, is the story of Ruby (Stephanie Hsu), who discovers that all her sexual partners are dying one by one, and she must warn them. Helping her in this unique quest is her best friend AJ (Zosia). The fun thing about Laid is that the protagonists are not the usual likeable characters. “She is totally an anti-hero of our story. I really love that,” says Stephanie, referring to Ruby’s moral greyness. “I am not a perfect person and I love playing flawed characters. But it was difficult. The creators told me that she is a total narcissist. But narcissists don’t think they are one, so I had to figure out a way to love her. For me, playing Ruby was about getting into her psychology and finding the innocent part of her – which is that she just wants love,” the actor adds.

While sitcoms usually add the best friend as the voice of reason trope, Laid diverges from that, with AJ even zanier and more morally ambiguous than Ruby. Talking about playing such a colourful character, Zosia Mamet says, “When you play not-so-likable or zany characters, people don’t believe they are that way. I don’t think AJ wakes up every morning and thinks, ‘I am absolutely crazy’. It’s about trusting the writing and finding an organic way into these characters to make them seem grounded, real, and relatable.”

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Stephanie, Zosia reveal the worst gifts they received from partners

In Laid, Ruby gives the gift of death to the men she is with, even if that is inadvertent. Ask the women about the worst ‘gift’ a partner has ever given them, and the discussions veer into the unusual horrors of modern-day dating. “I got a vintage wooden duck decoy from someone. It was broken, and I thought, ‘What does this say about our relationship?’. They didn’t know me well enough to know if I’d want this but also that they gave me something old and ailing,” Zosia says with a laugh.

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