Tango's AI technology is also being used in Lenskart's manufacturing plant to automate quality tests for lenses and glasses. Lenskart, founded in 2008 by Peyush Bansal, Amit Chaudhary, Neha Bansal, and Sumeet Kapahi, became a unicorn in 2019.
Lenskart, an early investor in Tango Eye, has acquired the company. This acquisition will help Lenskart create a seamless transition between digital and physical touchpoints, according to co-founder Ramneek Khurana.
AI startup helps retail stores improve efficiency, sales, and security with video data analytics
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Tango Eye CEO Surender Gounder also said that the startup is expanding its technology beyond retail and aims to invest more in its technology and talent with Lenskart as a partner.
Omnichannel eyewear retailer Lenskart, founded in 2010, operates in India, the US, Singapore, and other countries. Lenskart and Owndays operate over 2,000 stores in 10 countries, addressing a $20+ billion market.
Lenskart, led by Peyush Bansal, raised $100 million from ChrysCapital in June, bringing its total funding in the past year to $850 million.