Sunday January 19, 2020
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Swiggy Acqui-hires AI Start-up For Deep Learning

Kint.io is the first technology-led acqui-hire for Swiggy as it makes investments in its long-term strategy of building AI-first platforms

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Swiggy
Founded in 2014, Swiggy claims to have 50,000 restaurant partners

Online food ordering and delivery app Swiggy on Monday announced it has acqui-hired Kint.io, an Artificial Intelligence (AI) start-up that applies deep learning and computer vision for object recognition in video, for an undisclosed sum.

Founded in 2014, the Bengaluru-based start-up would assist Swiggy in boosting its computer-vision technology and consumer experience.

The founding members of Kint.io, Pavithra Solai Jawahar and Jagannathan Veeraraghavan, will join the Swiggy team, the company said in a statement.

Swiggy
Swiggy will use the funds to bring more quality food brands closer to consumers.

“This acqui-hire is part of our 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,” said Dale Vaz, Head of Engineering and Data Sciences, Swiggy.

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Kint.io is the first technology-led acqui-hire for Swiggy as it makes investments in its long-term strategy of building AI-first platforms.

“AI research has leap-frogged this past year but lack of data, cultural biases and inability to adapt to our diversity has somehow always pulled us back when it comes to applying AI to India-based problems. This is where Swiggy left us stumped,” said Jawahar and Veeraraghavan. (IANS)

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37% of Part-Time Delivery Partners of Swiggy are Students: Report

29 per cent have another full-time job and moonlight as delivery partners to meet their own and their families: Swiggy

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swiggy
Food delivery major Swiggy recently conducted a poll to discover the various aspirations and motivations of about 16,000 part-time delivery partners who login into the app for about 4-8 hours every day. Pixabay

At least 37 per cent of Swiggy’s part-time delivery partners are students working to fund their education, a report said on Thursday.

Food delivery major Swiggy recently conducted a poll to discover the various aspirations and motivations of about 16,000 part-time delivery partners who login into the app for about 4-8 hours every day.

According to the report, 29 per cent have another full-time job and moonlight as delivery partners to meet their own and their families’ financial goals and 20 per cent have another part-time job on the side.

swiggy
33 per cent delivery partners aim to grow into the role of fleet managers with Swiggy itself, like some of their counterparts have. IANS

Ten per cent are entrepreneurs and run their own business while working with Swiggy to relive stress of erratic earnings from their business, and 29 per cent are primary earning members of their household, the survey found.

Talking about their aspirations, 33 per cent delivery partners aim to grow into the role of fleet managers with Swiggy itself, like some of their counterparts have.

The survey also revealed that 28 per cent are saving money with the goal of buying a house or car of their own.

According to the report, 20 per cent delivery partners aim to land a full-time, regular job eventually and 8 per cent are fuelled by wanderlust and want to travel across India.

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Another 8 per cent are the young and responsible ones who are selflessly saving money to fund their siblings’ wedding, the report added.

The findings from the poll also revealed that a small but significant minority of 12 per cent opened bank accounts for the first time post joining Swiggy, highlighting financial independence for these partners. (IANS)