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Food aggregator and delivery provider Zomato acquires drone delivery startup TechEagle Innovations

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Food aggregator and delivery provider Zomato on Wednesday said it has acquired TechEagle Innovations, a Lucknow-based startup that works exclusively on drones

Bengaluru, 06 Dec, 2018. RedNewswire/-

TechEagle was founded in 2015 by IIT-Kanpur student Vikram Singh Meena. The company’s focus is largely on developing customised unmanned aerial vehicles (UAVs) capable of carrying up to a 5 kilogram payload. The startup will help Zomato in creating a hub-to-hub delivery network powered by hybrid multi-rotor drones.

Using drones for delivery is an idea that was experimented upon for a few years by companies such as Domino’s, Amazon, Alphabet and even Uber. However, drone delivery is still far from being mainstream.

Zomato founder and CEO Deepinder Goyal said in a press release, “We are currently at the early stage of aerial innovations and are taking baby steps towards building a tomorrow wherein users can expect a drone to deliver the food they ordered online. We believe that robots powering the last-mile delivery is an inevitable part of the future and hence is going to be a significant area of investment for us.”

Zomato claims to have more than 75,000 restaurant partners offering food delivery services across about 100 cities in India. The food delivery business contributes 65% of revenue to Zomato’s overall business, the company said in a statement.

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