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Zomato to bet big on drone delivery, acquires TechEagle

8 6 823
05.12.2018

After acquiring Bengaluru-based procurement startup WOTU, Zomator ventured into a farm-to-fork model with the launch of HyperPure, and now the unicorn is diving deeper into the delivery business.

It has acquired Lucknow-based TechEagle Innovations, a startup that works exclusively on drones. Post this acquisition, Zomato aims to create and use technology that will enable a multi-rotor drone, which can be used for hub-to-hub deliveries. The details of the deal were not disclosed.

In a press statement shared by the company, Deepinder Goyal, Co-founder and CEO, Zomato said they are 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.

He said,

"Our first 'delivery job' currently is to design........

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