Zomato acquires Lucknow-based startup TechEagle Innovations

This acquisition will help Zomato to carve a path toward drone-based food delivery in India
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Online food ordering platform Zomato has acquired Lucknow-based startup TechEagle Innovations for an undisclosed amount. This acquisition will help Zomato to carve a path toward drone-based food delivery in India. 

TechEagle will help the food ordering app in creating 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.

Presently, Zomato's food delivery business contributes about 65% to the overall revenue of the company.

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