Zomato to carve a path toward food drone-based delivery in India, acquires drone delivery start up TechEagle

06-Dec-2018

With drone getting official nod from Indian Government food delivery services like Zomato is keen to leverage technology for better service.

The future is near, when you will order food online and a drone will deliver your food. As a restaurant search and discovery platform, Zomato on Wednesday has acquired Lucknow-based startup TechEagle Innovations, which works exclusively on drones.

In an official release, Zomato said, the startup TechEagle Innovations will help them carve a path toward drone-based food delivery in India, creating a hub to hub delivery network powered by hybrid multi-rotor drones.

In the year 2015, TechEagle Innovations was founded by Vikram Singh Meena, when he was a student at IIT-Kanpur. Since then, his young startup has been actively involved in the development of unmanned aerial vehicles, with prime focus on custom-made drones capable of carrying up to 5 kg payload.

Speaking on the development, Deepinder Goyal, Founder & 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 are thrilled to have Vikram and his team join us towards accomplishing this mission.”

Further he said, “Our first ‘delivery job’ currently is to design multi-rotor drones that can pick up a payload under 5 kg and set up drone delivery circuits for reducing the last mile delivery leg. 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.”

Vikram Singh Meena, founder, TechEagle Innovations, said, “Zomato is one of the most innovative technology companies in India, and the only company with a singular focus on food. We are excited to be a part of the team and together build something which will certainly play a significant role in the future of primary and secondary logistics in the food supply chain in India.”

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

Zomato currently delivers 22 million monthly orders boasts a last mile delivery fleet of 1.5 lac partners.

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