L Catterton invests in Glance to expand ai-powered shopping. Global investment firm L Catterton has made a strategic investment in InMobi-backed Glance, an AI-powered shopping platform. The deal will support Glance's expansion, particularly in the US market. 26 Oct 2026 20:30 IST Global investment firm L Catterton has made a strategic investment in Glance, an AI-powered shopping platform backed by InMobi. This investment is to support expansion, particularly in the US. The financial terms of the deal were not disclosed. Glance uses agentic artificial intelligence to personalize product discovery and shopping across smartphones, connected televisions and other digital platforms. Its technology analyses consumer interests and preferences to recommend products and help users move from discovery to purchase. The investment reflects L Catterton's assessment of changing shopping habits and the growing role of artificial intelligence in commerce. The firm plans to support Glance's expansion by drawing on its consumer industry experience, operational capabilities and global network. US presence through partnerships. Glance is available on millions of devices in the US through partnerships with Samsung, Motorola and DIRECTV. These arrangements extend the platform's reach across mobile phones and televisions, giving it access to consumers through multiple digital touchpoints. Scott Dahnke, global chief executive of L Catterton, said, "Agentic commerce is fundamentally changing how consumers discover and shop for products," adding that the firm would support Glance's growth through its consumer expertise and global network. Agentic commerce refers to the use of AI systems to help consumers discover products and navigate shopping decisions. Glance's platform uses this approach to tailor product recommendations to individual preferences. Consumer investment experience. Glance was founded by Naveen Tewari and is backed by Mithril Capital, Google and Jio Platforms. Its technology focuses on connecting personalized content and product discovery with shopping experiences across digital devices. L Catterton manages approximately USD 40 billion in equity capital across private equity, credit and real estate investment platforms. Founded in 1989, the firm has made more than 300 investments in consumer businesses. The investment gives Glance access to L Catterton's consumer market knowledge and international network as it pursues further growth in the US. The deal also places AI-led shopping among the consumer technology areas attracting investment from established firms.

L Catterton announces strategic investment in Glance. Glance Brings a More Personal, Inspiring Shopping Experience Across the Screens Consumers Engage With Throughout the Day BENGALURU, GREENWICH, Conn. and NEW YORK, October 26, 2026 - L Catterton, the largest global consumer-focused investment firm, today announced a strategic investment in Glance, an AI-powered personal shopping platform backed by global technology company InMobi. The investment reflects L Catterton's conviction in Glance's potential to help shape the future of shopping as artificial intelligence changes how consumers find and purchase products. Glance is creating a more personal way to shop by bringing the experience of a personal shopper directly to the devices consumers already use. Using agentic AI technology, Glance can understand consumers' interests and preferences and introduce them to relevant products, including possibilities they may not have considered on their own. The platform is integrated across smartphones, connected TVs, and other digital environments, allowing consumers to move naturally from inspiration to discovery and purchase. L Catterton's investment in Glance builds on the firm's deep research into evolving consumer behaviors and preferences, including the growing role of AI in product discovery, consideration, and purchasing. With the technology and reach to make shopping more intuitive, visual, and engaging, Glance is well positioned to capitalize on these changes. L Catterton will leverage its deep consumer and category expertise, operating capabilities, and global network to support the company's continued expansion, with a particular focus on the U.S. "Agentic commerce is fundamentally changing how consumers discover and shop for products, creating significant opportunities for brands that can make the journey more personal, intuitive, and engaging," said Scott Dahnke, Global CEO of L Catterton. "Glance is uniquely positioned to capitalize on this evolution, combining a differentiated consumer proposition with broad distribution across the screens where people spend their time. We look forward to bringing L Catterton's deep consumer expertise, operating capabilities, and global network to our partnership with Glance as the company realizes its significant growth potential." Through partnerships with Samsung, Motorola, and DIRECTV, Glance is already available on millions of devices across the U.S. Together, these relationships extend Glance's presence across mobile and TV, bringing its personal approach to commerce into more of the moments consumers engage with throughout the day. "L Catterton is one of the most respected investment firms in the consumer space, with an extraordinary track record of identifying and building category-defining brands," said Naveen Tewari, Founder and CEO of InMobi and Glance. "Their decision to back Glance is a validation of the shopping model we've created and our belief that the future of commerce will move beyond search toward agentic shopping." Terms of the transaction were not disclosed. About L Catterton L Catterton is the largest global consumer-focused investment firm managing approximately $40 billion of equity capital across multiproduct platforms dedicated to private equity, credit, and real estate. The firm's funds have the ability to invest between $5 million and $5 billion, across the capital structure, in well-positioned consumer businesses. Leveraging deep category insight, operational excellence, and a broad network of strategic relationships, L Catterton's team of more than 200 investment and operating professionals across 18 offices partners with management teams to drive differentiated value creation across its portfolio. Founded in 1989, the firm has made over 300 investments in some of the world's most iconic consumer brands. For more information, please visit www.lcatterton.com. About Glance Glance is an intelligent shopping agent, redefining the commerce experience. Powered by proprietary agentic intelligence and generative AI, Glance delivers a hyper-personalized consumer experience across mobile and TV - shaping the new era of shopping. Glance is owned and operated by Glance InMobi Pte. Ltd., an associate of InMobi Technology Services Pte. Ltd., and is backed by Mithril Capital, Google and Jio Platforms. To learn more, visit glance.com.

Google and Glance, an AI-powered shopping platform backed by InMobi, have partnered to bring AI-driven commerce to Android TV. The service is available now on supported devices in the US, India, and Japan. The aim is to turn the TV screen from a passive backdrop during "off" hours into an interactive space for shopping and discovery. An AI shopping agent, connected to hundreds of retailers, offers curated products across mobile and TV. Users can browse fashion, travel, food, and wellness content, try on items virtually, and buy looks directly through retail partners. The experience is opt-in, replacing the default Google Backdrop only if users choose it. Glance will build on existing partnerships with Airtel and DIRECTV to reach millions of households.