Zomato Acquires Lucknow-based Drone Startup TechEagle

Zomato, online food delivery Unicorn has now acquired TechEagle Innovations, a startup which is working on the drone technology. The main reason behind the acquisition is to utilize drone technology for food delivery in the near future. However, the company has not revealed the amount of the deal yet.
Talking about the acquisition, Deepinder Goya, the CEO, and founder of Zomato said in a statement, “It is an early stage for the company for building up a future delivery system where users will expect the drone delivery for the food they order.”
As of now, the company is working on designing the multi-rotor drones. Multi-rotor drones can easily pick up a payload under 5kg along with setting up drone delivery circuits. Mr. Goyal further added that robots would be an inevitable part of the future.
The deal is going to help Zomato to set up its drone-based food delivery in the country. TeachEagle is a Lucknow-based startup that was founded 3 years ago by an IIT Kanpur Alumnus – Vikram Singh Meena. In May 2018, it tested its tea delivery system covering a distance of 10 km.
Zomato, as of now, has a presence in more than 50 Indian cities with 54k restaurants partners and 1.5 lakh delivery partners.
Source: Techstory
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