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Zomato buys Lucknow-based TechEagle Innovations

TechEagle will help Zomato to create a hub-to-hub delivery network powered by hybrid multi-rotor drones.

Tags: Zomato, TechEagle Innovations, Acquisition

December 06, 2018  |  comments ( 0 )  | 
Zomato buys Lucknow-based TechEagle Innovations

In order to carve a path toward drone-based food delivery in India, Zomato, an online food ordering platform, has acquired Lucknow-based startup TechEagle Innovations for an undisclosed amount.

TechEagle will help Zomato to create a hub-to-hub delivery network powered by hybrid multi-rotor drones.

Deepinder Goyal, Founder and CEO, Zomato, said, "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," he added.

Currently, food delivery business is contributing about 65% to the overall revenue of Zomato.


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