Lenskart Invests In AI-Powered Video Analytics Platform Tango Eye
Lenskart has invested in an AI-powered software company Tango Eye. Besides Lenskart, Silicon Valley-based seed funding platform RiSo Capital Fund and Gaurav Gulati, who is the head and chief investment officer at OYO CEO and founder Ritesh Agarwal-led Aroa Ventures, participated in the round.
The funding will enable Tango Eye to expand its operations, product development activities and business development as well, the company’s CEO and founder Surender Gounder told Inc42. A part of the funding will also be used for customer acquisition and hiring across roles.
Tango eye is an AI-powered software company that allows businesses to get insights on customer behavior by analysing store videos. The solution can be integrated into a range of services to understand customers’ consumption patterns in retail stores.