With $1 billion in its kitty, Swiggy goes shopping for the state-of-the-art technology

Having strengthened its warfare chest with a billion greenbacks in December, India’s newest meals tech unicorn is now reinforcing its technology base.

On Feb. 04, Bengaluru-centered Swiggy stated it has obtained synthetic intelligence startup Kint.Io, which applies deep mastering and pc vision for item recognition in videos. The price of the deal turned into no longer disclosed. Following the purchase, founders of the 4-year-old Kint.Io, Pavithra Solai Jawahar and Jagannathan Veeraraghavan, will be part of Swiggy. Having bolstered its struggle chest with 1000000000 dollars in December, India’s most recent meals tech unicorn is now reinforcing its era base.

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On Feb. 04, Bengaluru-established Swiggy stated it has received synthetic intelligence startup Kint.Io, which applies deep getting to know and laptop imaginative and prescient for item popularity in videos. The value of the deal was no longer disclosed. Following the acquisition, founders of the four-12 months-antique Kint.Io, Pavithra Solai Jawahar and Jagannathan Veeraraghavan, will join Swiggy. While Zomato believes that robots powering final-mile transport are inevitable within the future, Swiggy is focusing on fixing the problems of these days, Satish Meena, a senior research analyst at Forrester Research, informed Quartz. “Swiggy has been focussed on transport when you consider that the beginning. The new acquisition is also a step in that course. It has helped Swiggy zoom beforehand of Zomato, even though its content material isn’t as tremendous,” Meena added.

Already, Swiggy uses AI and system learning (ML) for matching consumer call for with delivering from restaurants and delivery companions. On the client aspect, it uses AI to supply a customized discovery enjoy to customers based on their utilization sample.

“This experience is powered by way of ML-driven investments in catalog intelligence, i.E. For classifying products as veg/egg/ non-veg; for a client, intelligence to apprehend the choices of our users; or if they may be affordability-aware clients; and to supply a personalized listing of eating places in the list web page and seek,” Dale Vaz, head of engineering at Swiggy informed Quartz in an e-mail.

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