Glimpse has announced that it has received $200 million (approximately Rs 1500 crore) from Reliance Jio Platforms In its Series D funding round. The company mentioned that the transaction is subject to the satisfaction of customary closing conditions and regulatory approvals. proposed investment by live The goal is to accelerate the launch of Glance in several key international markets outside of Asia, such as the US, Brazil, Mexico and Russia. The company claims that it aims to create the world’s largest live content and commerce ecosystem on the lock screen and will use the funds raised to expand globally. Apart from Jio Platforms, Glance is also backed by technology giant Google and Silicon Valley-based venture fund Mithril Capital.
In addition to the proposed investment, Glance has entered into a business partnership arrangement with Reliance Retail, provides the ‘Lock Screen Platform’ of Jhalak to be integrated into the JioPhone Next smartphone. Currently, Glance’s lock screen platform is present on over 400 million devices in the markets of Asia.
recently, Reliance Jio has also announced that it is investing $15 million (approximately ₹112 crore) in Silicon Valley based deep tech startup, Two Platforms, for a 25% equity stake. For those who don’t know, Two is an artificial reality (AR) company founded by Pranav Mistry with the aim of building interactive artificial intelligence (AI) experiences. Prior to this, Pranav has also worked with smart gadgets like Samsung Galaxy Gear and Sixth Sense. This investment is Jio’s attempt to enter the metaverse.
,