Brands
Swiggy boosts computer vision technology, aqui-hires AI start-up Kint.io
MUMBAI: Online food delivery platform Swiggy has acqui-hired a Bengaluru-based AI startup Kint.io for an undisclosed amount.
As part of the process the founding members of Kint.io, Pavithra Solai Jawahar and Jagannathan Veeraraghavan along with the rest of the team, will join Swiggy’s workforce to boost its computer vision technology and superior consumer experience.
Kint.io is the first technology-led acqui-hire for Swiggy, as it makes large investments in its long-term strategy of building AI-first platforms that enable convenience to consumers.
Kint.io was founded in 2014, and uses deep learning and computer vision to object recognition in video. Last year, Swiggy hired Dale Vaz as head of engineering to help build AI-driven systems to help hyperlocal discovery and on-demand delivery.
Brands
Cars24 co-founder Gajendra Jangid steps down amid leadership churn
Exits of CEO Himanshu Ratnoo and Ankit Bhalla add to top-level reshuffle
NEW DELHI: Cars24 has seen further top-level changes with co-founder Gajendra Jangid stepping down, adding to a series of senior exits at the company in recent months.
According to media reports, Jangid conveyed his decision in an internal communication to employees, stating that he had been considering the move for some time. He noted that there comes a stage when a company no longer relies on its founders to keep progressing, adding that it felt like the right moment to step back.
His exit follows a period of notable leadership churn at the Gurugram-based company. Recently, Himanshu Ratnoo stepped down as chief executive officer, while Ankit Bhalla also exited the organisation, signalling movement across key roles.
Responding to the development, Vikram Chopra acknowledged Jangid’s contribution, crediting him for shaping the brand, driving its marketing direction, and supporting the development of key teams and platforms within the ecosystem.
With multiple senior departures in quick succession, the company appears to be entering a phase of internal restructuring as it continues to scale its used car business in a competitive market.
