With a Goal to deliver food via drones at India, online ordering app Zomato on Wednesday announced it has acquired a Lucknow-based startup TechEagle Program that Functions Only on drones, for an undisclosed sum.
TechEagle can help Zomato create a hub-to-hub delivery system powered by hybrid multi-rotor drones, the business said in a statement.
“We’re at the early phase of aerial creations and therefore are taking baby steps towards developing a tomorrow wherein consumers can expect a drone to deliver the food they purchased online,” explained Deepinder Goyal, Founder and CEO, Zomato.
TechEagle was set in 2015 by IIT-Kanpur alumnus Vikram Singh Meena.
“Our initial’delivery job’ now is to look for multi-rotor drones that can get a payload below 5 kg and set up drone delivery circuits for reducing the last mile delivery leg,” added Goyal.
Zomato has over 75,000 restaurant partners supplying food delivery services throughout over 100 cities in India.
It acquired Runnr last year and now has over 1.5 lakh delivery spouses as part of its very last mile delivery fleet.
“We’re excited to be a part of the team and collectively build something that will certainly play a significant part in the near future of primary and secondary logistics in the food distribution chain in India,” additional Meena.
The acquisition came following Zomato declared earlier this week that Durga Raghunath, presently Chief Executive Indian Express Digital Media Services, will soon be joining the company as Senior Vice President-Growth, effective December 21.