About Tango Eye
Tango Eye is a Retail company based in Chennai (India) founded in 2017 by Surender Gounder, and was acquired by Lenskart in October 2023. It operates as a provider of AI based image and video analytics solutions. It operates in the Retail, Industrial Goods & Manufacturing, and Technology sectors. 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. Tango Eye was last valued at $5.28 million in December 2021. Its chief executive is Surender Gounder. Its Indian entity Tango It Solutions India Private Limited reported revenue of ₹8.46 Cr. Tango Eye offers products and services including Tango Traffic, Tango Zone, Tango RevOp, and Tango StoreOps. Its focus areas include High Tech, Computer Vision, Industry Specific Applications and Native AI. Its competitors include BitGo, Yoti, LifeLock, RetailNext and HYPR and 3 more; 7 of its 8 listed competitors have raised funding.
Company details
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.
- Headquarters Chennai, India
- Employees 56
- Founders Surender Gounder
- Stage Acquired
- SectorsRetailIndustrial Goods & Manufacturing Technology Financial Services
- Email••••••••
- Phone•••• ••••
- Website tangoeye.ai
- Social LinkedIn X YouTube
- Acquired by Lenskart (Oct 2023)
- Legal Name Tango It Solutions India Private Limited
- Date of Incorporation 21 Jun, 2017
- Jurisdiction Coimbatore, Tamil Nadu, India
Associated legal entities of Tango Eye
Tango Eye operates through Tango It Solutions India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Tango It Solutions India Private Limited CIN U72200TZ2017PTC029089 | Active | 21 Jun 2017 | Coimbatore, Tamil Nadu | ₹8.5 Cr | 56 | 3 | View details |
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.
Apps and channels of Tango Eye
its YouTube channel Tango Eye has 78 subscribers and 8 videos.
Videos from Tango Eye
The most watched videos on Tango Eye's YouTube channel, Tango Eye (78 subscribers). Click a video to play it here.
More on Tango Eye.
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 $1.27M
- Total Rounds 3
- Last Round Seed — $656,825
- First Round $125,358
(Feb 2019)
- Investors Count 8
All 3 funding rounds of Tango Eye with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2021 | $656,825 | Seed | $5.28M | Lenskart Vision Fund | – |
| Aug 2020 | $489,017 | Seed | $1.48M | Lenskart | |
| Feb 2019 | $125,358 | Angel Round | $••••• | Rabindran Krishna Swamy |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2021 | $5.28M | •••••••• |
| Aug 2020 | $1.48M | •••••••• |
Last known valuation $5.28M (Dec 2021). 8 investors in total: 4 institutional and 4 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital is provided to early-growth stage startups. | – | lenskartvisionfund.com | Delhi, India | |
Venture capital firm investing in tech sectors | – | risocapital.com | Saratoga, United States | |
Multi-sector and multi-stage venture capital investments are pursued. | – | aroaventures.com | Gurugram, India | |
Eyewear is offered online for men, women, and kids. | 2010 | lenskart.com | Gurugram, India | |
PP Pankaj Prakash Kapoor | - | – | unknown_1dada3a0a6d34715a | - |
GG Gaurav Gulati | Angel investor and entrepreneur, focused on tech startups in India. | – | unknown_0494cbb90011408f8 | - |
RK Rabindran Krishna Swamy | - | – | unknown_f6f04772b81e45a39 | - |
SP Siddharth Pisharody | - | – | unknown_e56b6a11596f4b3d9 | - |
Investor details for Tango Eye
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Tango It Solutions India Private Limited (Tango Eye)
Tango It Solutions India Private Limited is the primary company behind Tango Eye. The board of Tango It Solutions India Private Limited currently have 3 directors; the longest-serving is Surender Gounder, appointed in 2017. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Surender Gounder DIN 05213084 | Director | 21 Jun 2017 | 9 yrs 4 mo | Tango It Solutions India Private Limited |
| Amit Chaudhary DIN 08908841 | Director | 07 Oct 2020 | 6 yrs | Tango It Solutions India Private Limited |
| Ramneek Khurana DIN 02667041 | Director | 18 Oct 2023 | 3 yrs | Tango It Solutions India Private Limited |
People of Tango Eye
5 people are tracked at Tango Eye (4 in leadership, 1 in team); the tracked headcount is 56.
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership | |
Keerthana Bhaskar | Chief Experience Officer Product | Leadership |
Rashmi Beria | Chief Business Development Officer | Leadership |
Lokeshkumar Chandrasekaran | Chief Operating Officer | Leadership |
Sethupathy Natarajan | UX Designer | Team |
Complete people profiles for Tango Eye
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Tango Eye
Figures of Tango It Solutions India Private Limited, the primary company behind Tango Eye, for FY 2025. Revenue was ₹8.46 Cr (+107% year on year). Net loss was -₹2.94 Cr (-35% margin). EBITDA was -₹2.78 Cr (-33% margin). Revenue has grown at a compounded annual rate of +148% over three years and +124% over five years.
- ₹8.46 CrRevenue · FY 2025 · +107% YoY
- -₹2.94 CrNet loss · -35% margin
- -₹2.78 CrEBITDA · -33% margin
- ₹1.05 CrPaid-up capital
- 56Employees (provident fund records)
- +148%Revenue CAGR, 3 years
- +124%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Tango It Solutions India Private Limited are on its company page.
Detailed financial statements for Tango Eye
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of Tango Eye
5 dated milestones of Tango Eye across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Tango Eye is founded.
- Funding First funding round of $125K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $657K.
- Exit Acquired by Lenskart.
Competitors of Tango Eye
Tango Eye has 8 listed competitors in our database, 7 of them funded. They include BitGo, Yoti, LifeLock, RetailNext and HYPR, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bitgo.com | 2013 | Palo Alto, United States | $170.5M | 166 | Crypto-based custody, trading, and lending services are provided to institutions. | |
| yoti.com | 2014 | London, United Kingdom | $48.99M | 318 | Identity verification solutions are provided for multiple industries digitally. | |
| lifelock.com | 2005 | Tempe, United States | $192.07M | – | Identity theft is protected and prevented through cyber monitoring services. | |
| retailnext.net | 2007 | San Jose, United States | $231.86M | 63 | In-store customer behavior is tracked and analyzed in real-time. | |
| hypr.com | 2014 | New York, United States | $130.65M | – | Passwordless multi-factor authentication and identity assurance solutions are provided. | |
| chooch.com | 2015 | San Mateo, United States | $42.91M | – | Generative computer vision solutions are offered for video stream analysis. | |
| microblink.com | 2013 | London, United Kingdom | $60M | – | Platform offering card scanning apps-based consumer payments | |
| spins.com | 1995 | Chicago, United States | – | 328 | Retail consumer analytics services are provided for natural products sector. |
Detailed competitors of Tango Eye
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Tango Eye
The website of Tango Eye (tangoeye.ai) receives about 5.1K visits a month.
- Monthly visits5.1K
▼ 21.8% vs previous month
Top companies in Autonomous & In-Store Retail Tech
10 companies that operate in the same segment as Tango Eye (Autonomous & In-Store Retail Tech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | – | 4,683 | |
Point-of-sale financing is facilitated via an online platform for retailers. | 2016 | Los Angeles, California, United States | USD 158.63 M | – | 576 | |
App-based bookkeeping solutions are offered for small business management. | 2018 | Bengaluru, Karnataka, India | USD 186.62 M | USD 165.88 K | – | |
POS solutions are provided for retail businesses. | 2009 | San Francisco, California, United States | USD 519.75 M | USD 24.19 B | 6,214 | |
Provider of cloud-based POS software solutions for businesses and service providers | 1999 | San Francisco, California, United States | USD 923 M | – | 2,684 | |
Retail intelligence platform is developed for brands and B2B retailers. | 2008 | Bengaluru, Karnataka, India | USD 21.11 M | USD 7.69 M | 345 | |
Point-of-sale financing is enabled for installment purchases at partnered retailers. | 2016 | Minneapolis, Minnesota, United States | USD 17.51 M | USD 450.28 M | 408 | |
Loyalty management solutions are provided for offline retail stores. | 2012 | San Francisco, California, United States | USD 23.1 M | – | 23 | |
Mobile apps enable real-time retail data collection by field teams. | 2011 | Denver, Colorado, United States | USD 71 M | – | – | |
Unified platform for retail and supply chain planning is offered. | 2005 | Helsinki, Uusimaa, Finland | USD 816.41 M | USD 247.75 M | 2,302 |
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Related news about Tango Eye
Complete news archive for Tango Eye
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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 2019.
Tango Eye has 56 employees.
The primary company behind Tango Eye, Tango It Solutions India Private Limited, reported revenue of ₹8.46 Cr for FY 2025, up 107% year on year.
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.
Tango Eye operates through Tango It Solutions India Private Limited.