VC Fund Investments
Eyewear retailer Lenskart invests Rs.5-Cr more in video analytics startup Tango Eye
Retail eyewear brand Lenskart has invested INR 5 crore in Chennai-based video analytics SaaS start-up Tango Eye, through the Lenskart Vision Fund. Tango Eye is a computer vision company that helps retail stores improve efficiency, increase sales and security, by converting video data into actionable insights. It will use the funds to expand its reach to a larger customer base across the world. The funds will also be used to improve the company's product features along with hiring tech and business development professionals.
From the Venture Intelligence PE-VC Deal Database: In Oct-20, Tango Eye had raised funding from Lenskart Solutions, RiSo Capital, and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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