About Tango Eye
Tango Eye is a company based in Chennai (India) founded in 2017 by Surender Gounder was acquired by Lenskart in October 2023. Tango Eye has raised $1.27 million across 3 funding rounds from investors including Lenskart, Lenskart Vision Fund and RiSo Capital. The company has 56 employees as of April 05, 2024. Tango Eye offers products and services including Tango Traffic, Tango Zone, Tango RevOp, and Tango StoreOps. Tango Eye operates in a competitive market with competitors including BitGo, Yoti, LifeLock, RetailNext and HYPR, among others.
- Headquarter Chennai, India
- Employees 56 as on 05 Apr, 2024
- Founders Surender Gounder
- Stage Minicorn
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Sectors
RetailIndustrial Goods & Manufacturing Technology Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Tango It Solutions India Private Limited
- Date of Incorporation 21 Jun, 2017
- Jurisdiction Coimbatore, Tamil Nadu, India
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Annual Revenue
$199.77 K (USD)200.96as on Mar 31, 2023
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Net Profit
-$524.64 K (USD)-43.96as on Mar 31, 2023
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EBITDA
-$462.3 K (USD)-44.29as on Mar 31, 2023
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Total Equity Funding
$1.27 M (USD)
in 3 rounds
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Latest Funding Round
$656.83 K (USD), Seed
Dec 20, 2021
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Investors
Lenskart
& 7 more
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Employee Count
56
as on Apr 05, 2024
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Acquired by
Lenskart
(Oct 30, 2023)
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Products & Services of Tango Eye
Tango Eye offers a comprehensive portfolio of products and services, including Tango Traffic, Tango Zone, Tango RevOp, and Tango StoreOps.
Measures in-store traffic and customer demographics for retail insights.
Analyzes customer dwell time in store zones for layout optimization.
Tracks missed sales and boosts staff accountability in retail environments.
Monitors store infrastructure and minimizes data loss for operations.
People of Tango Eye
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Funding Insights of Tango Eye
Tango Eye has successfully raised a total of $1.27M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $656.83 thousand completed in December 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $656,825
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First Round
First Round
(01 Feb 2019)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2021 | Amount | Seed - Tango Eye | Valuation | Lenskart Vision Fund |
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| Aug, 2020 | Amount | Seed - Tango Eye | Valuation | Lenskart | |
| Feb, 2019 | Amount | Angel Round - Tango Eye | Valuation | Rabindran Krishna Swamy |
Investors in Tango Eye
Tango Eye has secured backing from 8 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Lenskart, Lenskart Vision Fund and RiSo Capital.
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Venture capital is provided to early-growth stage startups.
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Venture capital firm investing in tech sectors
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Multi-sector and multi-stage venture capital investments are pursued.
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Investments & Acquisitions by Tango Eye
Financial Statements - Tango Eye
Tango Eye Comparisons
Competitors of Tango Eye
Tango Eye operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as BitGo, Yoti, LifeLock, RetailNext and HYPR, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Crypto-based custody, trading, and lending services are provided to institutions.
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Identity verification solutions are provided for multiple industries digitally.
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Identity theft is protected and prevented through cyber monitoring services.
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In-store customer behavior is tracked and analyzed in real-time.
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Passwordless multi-factor authentication and identity assurance solutions are provided.
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Generative computer vision solutions are offered for video stream analysis.
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Frequently Asked Questions about Tango Eye
Tango Eye was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Tango Eye is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Surender Gounder is the current CEO of Tango Eye. They have also founded this company.
Tango Eye is a funded company, having raised a total of $1.27M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $125.36K, raised on Feb 01, 2019.
As of Apr 05, 2024, the latest employee count at Tango Eye is 56.
Annual revenue of Tango Eye is $199.77K as on Mar 31, 2023.
Tango Eye was founded in 2017 in Chennai, India, as a provider of AI-based image and video analytics. A web-based application is offered that analyzes CCTV footage for real-time detection of threats and thefts. Operations include monitoring shopping patterns, customer demographics, concentration heatmaps, feedback analysis, and fraud management across stores. Use cases extend to healthcare, retail, banking, and smart buildings sectors.
Tango Eye offers Tango Traffic, Tango Zone, Tango RevOp, and Tango StoreOps.
Tango Eye has 8 investors. Key investors include Lenskart, Lenskart Vision Fund, RiSo Capital, Pankaj Prakash Kapoor, and Aroa Venture Partners.
The valuation of Tango Eye is $5.28M as of Dec 2021.