CONNECT WITH US
Funding Tracker

Funding Tracker

L Catterton makes strategic investment in Jio Platforms-backed Glance

Entrackr logo

Published on

Add as a preferred source on Google
L Catterton makes strategic investment in Jio Platforms-backed Glance

Global consumer-focused investment firm L Catterton has made a strategic investment in Glance, an AI-powered shopping platform backed by InMobi, for an undisclosed amount.

Glance uses agentic AI to personalise product discovery and shopping across smartphones, connected TVs and other digital platforms. Its technology analyses consumer interests and preferences to recommend relevant products and help users move from discovery to purchase.

The investment follows L Catterton’s assessment of changing consumer behaviour and the growing role of AI in shopping. The firm plans to support Glance’s expansion, particularly in the US, by leveraging its consumer industry expertise, operating capabilities and global network.

Glance is available on millions of devices in the US through partnerships with Samsung, Motorola and DIRECTV. These partnerships extend its presence across mobile phones and televisions.

“Agentic commerce is fundamentally changing how consumers discover and shop for products,” said Scott Dahnke, global CEO of L Catterton, adding that the firm would support Glance’s growth through its consumer expertise and global network.

Founded by Naveen Tewari, Glance is backed by Mithril Capital, Google and Jio Platforms.

L Catterton manages approximately $40 billion in equity capital across private equity, credit and real estate investment platforms. The firm was founded in 1989 and has made more than 300 investments in consumer businesses.



Source link
Related Topics:Funding Tracker

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.