L Catterton Invests in InMobi-Backed Glance to Scale AI Shopping
New Delhi, Oct. 26 -- InMobi-backed Glance is building its business around this shift, turning everyday digital screens into places where consumers can discover, explore and buy products.
The company has secured a strategic investment from global consumer-focused investment firm L Catterton, announced on October 26, as it looks to expand its AI-powered shopping business, particularly in the United States.
The companies have not disclosed the investment amount, valuation or other financial terms.
The development comes at an important point for Glance. Once known primarily for displaying content on smartphone lock screens, the company is now expanding into AI-led commerce across mobile devices, connected televisions and other digital pla...
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