Tango Eye - About the company
Tango Eye is an acquired company based in Chennai (India), founded in 2017 by Surender Gounder. It operates as a Provider of AI based image and video analytics solutions. Tango Eye has raised $1.27M in funding from Lenskart and Lenskart Vision Fund, with last known valuation of ₹*****. The company has 1762 active competitors, including 393 funded and 191 that have exited. Its top competitors include companies like Trax, BitGo and Evrotrust.
Company Details
Provider of AI based image and video analytics solutions. It is a web based app has the capability to analyze CCTV footage to detect and identify threats or thefts in real time. It allows users to gain visibility and monitor shopping patterns across stores in real time. It features customer demographics, concentration heatmap, feedback analysis, fraud management, and other solutions. It has use cases in healthcare, retail, banking, smart buildings, and more.
- Website
- tangoeye.ai
- Email ID
- *****@tangotech.co.in
- Phone Number
- +91 **********
- Registered Address
- Cheran Illam, 1330, Thadagam Road, R S Puram, Kovai 2, Coimbatore, Coimbatore, Tamil Nadu, India, 641002
Key Metrics
Founded Year
2017
Location
Chennai, India
Stage
Acquired
Total Funding
$1.27M in 3 rounds
Latest Funding Round
Last Known Valuation
₹***** as on Dec 20, 2021
Ranked
143rd among 1762 active competitors
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2025
Employee Count
71 as on Aug 31, 2025
Exit Details
Acquired by Lenskart (Oct 30, 2023)
Legal entities associated with Tango Eye
Tango Eye is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
TANGO IT SOLUTIONS INDIA PRIVATE LIMITED CIN: U72200TZ2017PTC029089 , India, Active | Jun 21, 2017 | 0 - ₹10 Cr (As on Mar 31, 2025) | 71 (As on Aug 31, 2025) |
Tango Eye's acquisition details
Tango Eye got acquired by Lenskart on Oct 30, 2023.
Click here to take a look at Tango Eye's acquisition in detail
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Tango Eye's funding and investors
Tango Eye has raised a total funding of $1.27M over 3 rounds. Its first funding round was on Feb 01, 2019. Its latest funding round was a Seed round on Dec 20, 2021 for $*****. 1 investor participated in its latest round. Tango Eye has 4 institutional investors and 7 angel investors.
Here is the list of recent funding rounds of Tango Eye:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Dec 20, 2021 | 6781578 | Seed | 7870967 | 9391133 | 3962047 | 6596303 |
Aug 14, 2020 | 4656748 | Seed | 7614204 | 8448071 | 7156784 | |
Feb 01, 2019 | 6262879 | Angel | 9518147 | 2966408 |
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Tango Eye's founders and board of directors
Founder? Claim ProfileThe founders of Tango Eye is Surender Gounder. Surender Gounder is the CEO of Tango Eye.
Here are the details of Tango Eye's key team members:
- Surender Gounder: Founder & CEO of Tango Eye and founder of 1 other company. They serve on the board of 1 company.
Tango Eye's Board of Directors
Tango Eye's board has 1 active member. Baskaran Palanisamy is independent board member.Here is the list of Tango Eye's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Independent board member | - | Current | 8y 1m | |
bqimyks | Independent board member | - | Past | 6y 9m |
View details of Tango Eye's Founder profiles and Board Members
Tango Eye's employee count trend
Tango Eye has 71 employees as of Aug 25. The total employee count is 11.0% lower than what it was in Aug 24. Here is Tango Eye's employee count trend over the years:
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Tango Eye's Competitors and alternates
Top competitors of Tango Eye include Trax, BitGo and Evrotrust. Here is the list of Top 10 competitors of Tango Eye, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Cloud-based data analytics solutions for retail shelf management | $1.03B | 81/100 | ||
2nd | BitGo 2013, Palo Alto (United States), Public | Platform that offers crypto based financial services | $170M | 73/100 | |
3rd | AI based identity verification and e-Signing solution provider | $13.8M | 72/100 | ||
4th | Cloudastructure 2013, San Mateo (United States), Public | Provider of cloud and AI-based integrated video analytics systems | $31.3M | 70/100 | |
5th | Mantra Softech 2006, Ahmedabad (India), Series A | Biometrics-based security and surveillance solutions | $14.2M | 70/100 | |
6th |  HYPR 2014, New York City (United States), Series D | Provider of passwordless multi-factor authentication, identity verification, and risk management | $131M | 69/100 | |
7th | RetailNext 2007, San Jose (United States), Series E | Provider of traffic analytics, video security, and occupancy management solutions | $232M | 69/100 | |
8th | Peak 2014, Manchester (United Kingdom), Acquired | Provider of decision intelligence software for retail businesses | $209M | 68/100 | |
9th | Microblink 2013, London (United Kingdom), Series A | Platform offering card scanning apps-based consumer payments | $60M | 68/100 | |
10th |  1Kosmos 2018, Edison (United States), Series B | Block-chain-based passwordless authentication for customers | $62M | 68/100 | |
143rd | Provider of AI based image and video analytics solutions | $1.27M | 47/100 |
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Tango Eye's Latest cap tables and shareholding
Founders (largest shareholder) own 52.50%, Funds own 2.39%, Enterprises own 28.40% and Angels own 9.00%. The net worth of Tango Eye's founders is INR 21Cr as of Dec 20, 2021.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 52.50% | 21Cr | 2883399 | 1119150 | 2839613 | 2560749 |
9880241 | 9410998 | 4500793 | 1019687 | 5683365 | 3170110 | |
Fund | 2.39% | 95.5L | 27 | 47 | 28 | 46 |
87 | 71 | 29 | 21 | 74 | 23 | |
Enterprise | 28.40% | 11.4Cr | 5746004 | 8178112 | 4988127 | 7746819 |
Angel | 9.00% | 3.6Cr | 1662776 | 5414798 | 7644842 | 6679088 |
4 | 4 | 2 | 1 | 1 | 1 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Other People | 1.27% | 50.9L | 6 | 4 | 6 | 7 |
ESOP Pool | 5.57% | 2.23Cr | 11435 | 49550 | 78769 | 81757 |
Total | 99.13% | 39.7Cr | 6109936 | 7928419 | 6172282 | 3428030 |
To unlock detailed Cap Table of Tango Eye Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Tango Eye's Shareholding
Tango Eye's Investments and acquisitions
Tango Eye has made no investments or acquisitions yet.
Reports related to Tango Eye
Here is the latest report on Tango Eye's geography:
News related to Tango Eye
•
AI-based computer vision startup TangoEye acquired by LenskartIncubees•Dec 30, 2023•Tango Eye, Lenskart
•
Lenskart acquires computer vision startup Tango Eye for undisclosed amountBusiness Standard•Oct 30, 2023•Lenskart, Tango Eye
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Lenskart Invests In AI-Powered Video Analytics Platform Tango EyeInc42•Oct 13, 2020•Lenskart, Tango Eye, Aroa Venture Partners, RiSo Capital and 2 others
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