Deep tech startup Spyne has acquired on-demand photography services company Travographer for an undisclosed amount. The company has also onboarded over 20 Travographer employees, including the founding team.
“We wholeheartedly welcome the team at Spyne. By bringing in the team and experience of Travographer, we hope to strengthen our services and increase value for clients. This acquisition has further strengthened our commitments As a next step, we now plan to launch the AI-powered filming offerings in the real estate sector,” said Sanjay Kumar, co-founder and CEO of Spyne.
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Spyne, based on Gurugram, helps large e-commerce marketplaces and retail businesses create high-quality product visuals at scale with AI.
“New talent will be hired in the AI, Tech, Product, Marketing and Sales departments. We are currently focused on expanding globally, including into the US market, and have therefore focused on hiring the right talent for the next phase of growth,” said Dipti Prasad, co-founder of Spyne.
Spyne plans to ramp up hiring in the next quarter to bring the total to more than 100 employees in technology, product, marketing and sales.
“Our expertise in the real estate industry aligns perfectly with Spyne’s vision and product of taking photos at scale using mobile apps in this industry. We really think it was the right time to come together and generate synergies to add real value to the market, i.e. reducing the TAT by 90% and expanding operations across multiple sites to the help of technology,” said Kapil Arora, co-founder and CEO of Travographer. .