L Catterton invests in Jio Platforms-backed Glance

Glance, an AI-driven agentic commerce platform backed by Jio Platforms, said it raised an undisclosed sum from L Catterton through the issue of new equity shares. The company described it as its first new equity fundraising in more than four years.

L Catterton, which manages roughly $40 billion in equity capital across private equity, debt and real estate strategies, did not disclose the size of the stake or the valuation. Glance last raised capital in February 2022, when Jio Platforms put in $200 million at an enterprise valuation estimated at $1.7 billion to $1.8 billion.

Founder and CEO Naveen Tewari said the investment validates Glance's shopping model and its bet that commerce will shift from discovery toward agentic shopping. L Catterton Global CEO Scott Dahnke said agentic commerce is changing how consumers find and buy products and pointed to Glance's access to consumer screens.