The food ordering and delivering platform Swiggy acqui-hired Bengaluru based AI start-up Kint.io.The Kint.io applies deep learning and computer vision to object recognition in video.
This clearly indicates Swiggy’s plan to incorporate emerging technologies such as AI,machine learning,big data systems in their next phase of development strategy.Last year, the food delivery platform brought on board industry veteran Dale Vaz as Head of Engineering to lead its efforts in building the next generation AI driven platform for hyperlocal discovery and on-demand delivery.
“The team at Kint.io comes with an exceptional understanding and expertise in AI, machine learning and data sciences. This acqui-hire is part of Swiggy’s strategy to scale our tech prowess by bringing in entrepreneurial teams that can solve unique customer problems, while leveraging the network and resources at Swiggy. We provide a unique mix of strong entrepreneurial DNA and professional leadership that gives startup teams the ownership and leverage to move fast and make a big impact,” said Dale Vaz, Head of Engineering and Data Sciences, Swiggy.
Recently Swiggy’s rivals Zomato had sold their UAE market to Germany based Delivery Hero,for to improve Zomato India platform.
“We are extremely excited to be a part of the Swiggy family. AI research has leapfrogged this past year but lack of data, cultural biases, inability to adapt to our diversity, has somehow always pulled us back when it comes to applying AI to India-based problems, effectively. This is where Swiggy left us stumped. We were impressed by the team’s razor-focussed mindset to bring ingenious solutions for problems unique to India. We are confident that this partnership can unlock immense possibilities. This is a great opportunity for us to show scale and address a-billion-people problems through AI. We look forward to an interesting innings with Swiggy,” said in a statement.