Bharti Airtel boosts Airtel X labs portfolio with Quikmile acquihire

Telecom company Bharti Airtel on Monday announced the ‘acquihire’ of Gurgaon based Quikmile, a start up focused on building tech-enabled logistics platforms for India. The company did not disclose the size of the ‘acquihire’ deal, which typically entails acquisition of people or teams. “Quikmile’s team will now be a part of Airtel X Labs – Airtel’s digital innovation factory, which focuses on IoT, Digital Engineering, Artificial Intelligence, and Machine Learning,” Airtel said in a statement.

Airtel X Labs team comprises of professionals from India and abroad, the statement said, adding that it is building advanced digital capabilities to serve the emerging needs of Digital India and is rapidly scaling up its teams and scope of work. Quikmile, which started operations in 2018, aims to harness the power of digital technology to transform India’s highly disorganized logistics sector and bring efficiency, quality, and safety to fleet owners.