Zomato acquires Lucknow-based startup TechEagle for drone-based food delivery in India

TechEagle is a Lucknow-based startup that works exclusively on drones.

By: PRESS TRUST OF INDIA
| Updated on: Aug 20 2022, 12:10 IST
Drone Chai (Tea) Delivery in India by TechEagle.
Drone Chai (Tea) Delivery in India by TechEagle. (TechEagle/YouTube)

Zomato on Wednesday said it has acquired Lucknow-based startup TechEagle Innovations, for an undisclosed amount, to carve a path toward drone-based food delivery in India.

TechEagle Innovations which is a Lucknow-based startup works exclusively on drones The startup will help in creating a hub-to-hub delivery network powered by hybrid multi-rotor drones, Zomato said in a statement. The company, however, did not share any financial details of the acquisition.

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Commenting on the development, Zomato Founder and CEO Deepinder Goyal 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.

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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, Goyal said.

Food delivery business currently contributes about 65% to the overall revenue of the company, Zomato said. The company has over 75,000 restaurant partners offering food delivery services across 100 cities in India.

 

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First Published Date: 05 Dec, 15:44 IST
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