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Flipkart buys 100% stake in AR start-up Scapic
November 17, 2020
Indian e-commerce large Flipkart continues with its acquisition spree. The business enterprise has picked up a 100% stake in Augmented Reality business enterprise Scapic. The three-year vintage Scapic is a cloud-based totally platform that offers creation and publishing of Augmented Reality (AR) and 3-D content material. The corporation has clients throughout e-trade and advertising.
The startup had also lately gained inside the Industry 4.0 AR class, throughout the National Startup Awards 2020. Founded by Sai Krishna V K & Ajay P V, the Bengaluru-based Corporation had earlier raised investment from Axilor, Speciale Invest, and Newfort Capital.
“Today, we purchase greater on line than we ever have, and it has only elevated this 12 months. Customers now require better visuals than ever earlier than. Scapic is constructing visible era that brings merchandise to life using Augmented Reality and 3D. Advancements with the aid of the Scapic team inside the subject of AI, Computer Vision and AR have made this modification possible,” stated the founders in an announcement.
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