L Catterton, a global consumer investment firm, said on October 26 that it invested in Glance, an AI shopping platform based in Bengaluru and backed by InMobi, to support its expansion, especially in the US.

Glance said its software helps users discover and buy products across smartphones, connected TVs, and other digital screens. It said partnerships with Samsung, Motorola, and DIRECTV have put the platform on millions of devices in the US.

The companies did not disclose deal terms. L Catterton said it would support Glance with its consumer expertise, and its website shows a broad portfolio of consumer investments.

Historical reports described Glance’s scale in India. In late 2022, the company had nearly 200 million active lock-screen users in India. In mid-2022, it had added 40 million active users as it expanded to TV screens and overseas markets.

🔗 Source: L Catterton

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