Private Equity 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.
Company website ↗ (opens in a new tab)
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.)