Lenskart Acquires TangoEye, an AI-Powered Computer Vision Startup
- ByStartupStory | October 30, 2023
Lenskart Acquires AI-Based Startup Tango Eye to Enhance Retail Experience
Lenskart, the omnichannel eyewear retailer, has announced the acquisition of Tango Eye, an AI-based computer vision startup. While the deal’s financial details remain undisclosed, Tango Eye, based in Chennai, already had Lenskart as an investor.
Tango Eye specializes in converting video data into actionable insights, helping retail stores enhance efficiency, increase sales, and improve security. This aligns with Lenskart’s strategy to leverage technology for an improved and scalable customer experience.
Lenskart plans to use Tango Eye’s AI technology to enhance both in-store and product experiences. The acquisition will pave the way for Lenskart to bridge the gap between digital and physical retail touchpoints, aiming to revolutionize the retail industry.
Suren Gounder, founder and CEO of Tango Eye, expressed enthusiasm about the partnership and the opportunity to invest more in technology and talent to extend their solutions beyond retail.
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This strategic move signifies a significant milestone in Lenskart’s journey to transform the retail industry, offering a seamless transition between digital and physical customer interactions.
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