Swiggy takes over Bengaluru based AI focused startup Kint.io
Date: 2019-02-05   Author: Pankaj Singh  Category: #news

Swiggy takes over Bengaluru based AI focused startup Kint.io

The acquisition will augment Swiggy’s work in big data, AI and machine learning to obtain accurate consumer location detection and enable faster, more efficient deliveries.

Online food order & delivery service, Swiggy has recently acquired Kint.io, a Bengaluru-based AI startup which focuses on applying computer vision and deep learning for object recognition in videos, for an undisclosed amount. Sources close to the matter state that the startup will effectively augment Swiggy work in AI, big data and machine learning as it aims to easily locate customers and enable faster and efficient deliveries.

According to the Economic Times Prime, Dale Vaz, Head of Engineering & Data Sciences, Swiggy, said that the team at Kint.io is renowned for its excellent understanding and expertise in AI, data science and machine learning. He said that the acquisition follows Swiggy's strategy to scale its technological ability by introducing entrepreneurial teams that can solve customers’ unique problems.

Reportedly, the move marks third acquisition for Swiggy which acquired gourmet food startup 48East in December 2017, its first acquisition and Scootsy, the on-demand delivery startup for Rs 50 crore in 2018. As per sources, Kint.io founding members Jagannathan Veeraraghavan and Pavithra Solai Jawahar, as a part of the acquisition, will join the Swiggy team.

Commenting on the acquisition, Pavithra Solai Jawahar, Co-Founder, Kint.io. has been reported to say that AI research has advanced in the recent years, however, due to lack of data, inability to adjust to diversity and cultural biases has pulled their firm back when it comes to applying AI to solve India-based issues. She said their firm is impressed with Swiggy team’s high-focused mindset to bring creative solutions for problems unique to India.

Reliable reports claim that AI startups in India have become growing targets of larger firms for acquisitions. In 2017, Google acquired AI startup Halli Labs, while Walmart’s e-commerce major Flipkart acquired Liv.ai in August 2018.



About Author


Pankaj Singh

Pankaj Singh

Pankaj Singh Develops content for Algosonline, Market Size Forecasters, and a couple of other platforms. A Post Graduate in Management by qualification, he worked as an underwriter in the UK insurance domain before deciding to switch his field of profession. With exp...

Read More

More from Pankaj


Post Recommendents

Construction Scheduling Software Market: Global Industry Analysis and Opportunity Assessment 2020-2025
Author: Ashwin Naphade

The Construction Scheduling Software market research report Added by Market Study Report, LLC, offers a comprehensive study on the current industry trends. The report also offers a detailed abstract of the statistics, market valuation, and revenue...


Construction Bidding Software Market to Attain a Valuation of Highest CAGR 2020-2025
Author: Ashwin Naphade

The report on Construction Bidding Software market added by Market Study Report, LLC, depicts the current & future growth trends of this business besides outlining details pertaining to the myriad geographies that are a part of the regional la...


Worldwide Construction Bid Management Software Market Boosting the Growth, Dynamics Trends, Efficiencies Forecast to 2025
Author: Ashwin Naphade

The latest report on ' Construction Bid Management Software market' Added by Market Study Report, LLC, provides a concise analysis of the industry size, revenue forecast and regional spectrum of this business. The report further illustrate...