Zomato purchases TechEagle for an undisclosed amount

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Food delivery app, Zomato, has purchased TechEagle Innovations which is a Lucknow-based startup for an undisclosed amount. TechEagle works exclusively on drones, and Zomato wants to use the services to deliver food to its customers through drones according to a report by the Economic Times.

Zomato-acquires-TechEagle
Zomato purchases TechEagle for an undisclosed amount

Zomato and TechEagle will together create a hub-to-hub network which will be powered by multi-rotor drones.

TechEagle was founded by Vikram Singh Meena, an IIT-alumnus in the year 2015. The company has been working to develop drones capable of carrying loads up to 5 kgs.

This is not the first time when the idea of using drones has been discussed. Companies like Amazon, Dominos, Alphabet, and Uber have discussed the idea of experimenting drones in order to facilitate their services. Amazon back in 2013 had announced that they will develop a drone delivery system in the next five years. The company, unfortunately, is yet to deliver on the promise it made five years back.

It is not the first time that Zomato which has partnered with around 75,000 restaurant partners providing food delivery services over 100 cities, has made an acquisition. The company acquired Runnr, a logistic startup last year due to which they have more than 1.5 lakh delivery partners.

Sources: Economic Times, Times of India, Financial Express, Gadgets360

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