Tango Eye aims to enable digital transformation of over 10,000 retail stores globally

Tango Eye, an E-manager serving to bodily areas obtain excellence via buyer analytics and SOP compliance, on Thursday introduced its plans to scale its presence to over 10,000 retail shops throughout the globe and in addition diversify to different industries.

The startup, which is backed by retail unicorn Lenskart, has enabled the digital transformation of over 1,000 shops situated throughout India, Singapore and Europe.

“As a part of our long-term progress technique, we’re worldwide enlargement in addition to bringing new options to our product to proceed empowering brick-and-mortar shops and retailers with AI-powered software program to enhance retailer administration and improve buyer expertise,” mentioned Suren Gounder, Founder and CEO, Tango Eye.

The corporate’s clientele consists of the likes of Lenskart, Nykaa & Sangeetha Mobiles amongst many others.

He added that whereas on-line procuring has been gaining large traction recently, offline shops will stay an vital buyer touchpoint for the retail sector, and retailers that put money into superior AI-based applied sciences will likely be forward of the curve.

“Offline retail is not going to be out of date, it would simply be redefined within the post-Covid world. With our best-in-class options, retail manufacturers can effectively handle their in-store operations whereas creating a really differentiated expertise for his or her prospects,” Gounder mentioned.

Tango Eye raised its first institutional funding in October final 12 months from Lenskart. The corporate is now in talks to lift a Collection-A funding spherical of $4 million from current and new traders, the corporate mentioned in a press release.

“The recent infusion of capital will allow Tango Eye to additional scale its operations, foray into new markets, and add new options to its current merchandise,” the corporate mentioned.

Based in 2018, Tango Eye leverages AI and Laptop Imaginative and prescient to supply a SaaS resolution that makes use of current CCTV cameras at bodily areas to realize effectivity by means of buyer analytics, SOP compliance and E-surveillance.

The corporate goals to be the outsourced management heart driving enterprise excellence, effectivity, and lowering prices of monitoring. The corporate additionally helps retailers implement planogram and finest in school merchandising together with figuring out out of inventory gadgets.

Retailers can implement and monitor SOPs equivalent to workers attendance, common cleansing and sanitization, and use of non-public protecting gear (PPE), amongst others with the options supplied by the corporate.