Key Takeaways
- • L Catterton has agreed to make a strategic investment in Glance, a Bengaluru-based AI shopping platform backed by InMobi.
- • Glance uses agentic AI to recommend products to consumers across smartphones and connected TVs.
- • The deal is classified as a TMT (technology, media and telecom) transaction in India and the US by PE Hub.
Summary
Global private equity firm L Catterton has agreed to make a strategic investment in Glance, according to PE Hub. Glance is a Bengaluru-based company backed by InMobi, and it operates an AI-driven shopping platform.
The company applies agentic AI to recommend products to consumers across smartphones and connected TVs, positioning its platform across multiple screens where shopping discovery increasingly occurs. The PE Hub report, published as a brief, is categorized under deals in India and the US and within the TMT sector.
The primary source does not disclose the size of the investment, the valuation, or the stake acquired. Readers seeking those terms should consult further reporting on the transaction.
The company applies agentic AI to recommend products to consumers across smartphones and connected TVs, positioning its platform across multiple screens where shopping discovery increasingly occurs. The PE Hub report, published as a brief, is categorized under deals in India and the US and within the TMT sector.
The primary source does not disclose the size of the investment, the valuation, or the stake acquired. Readers seeking those terms should consult further reporting on the transaction.
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