With this, MagicTiger will integrate Zoyo’s technology onto its own platform to automate several workflows in the Magictiger app. The company plans to enable more AI powered scenarios for their chat based transaction platform.
Arun Kumar, co-founder and COO of MagicTiger said that with this acquisition the company has strengthened its senior business and product team with which they aim to scale faster.
Bangalore-based Zoyo is a chat enabled fully automated assistant for shopping, restaurant discovery, news, and many more. Zoyo was started by Shashank Singla and Priyanka Prakash as a tool to enable ecommerce transactions through chat that is fully automated using NLP based AI back end.
According to Pratyush Prasanna, co-founder and CEO of MagicTiger, “Neither a purely human-powered platform nor a completely-automated approach is going to be the correct approach for a chat-based transaction platform which is scalable.”
Promoted by husband-wife duo K Ganesh & Meena Ganesh along with Srini Anumolu, MagicTiger, acquired GoDeliver in July this year., which is an on demand delivery startup.