Zomato, the online food ordering unicorn, has acquired TechEagle, a startup engaged in innovations of drone delivery tech. The purpose behind the purchase is to use drone technology for food delivery in future.
It’s an early phase for the business for initiating a prospective delivery system where users will expect drone delivery for the food they order, stated Deepinder Goyal, CEO and founder of Zomato at a statement. The amount of the deal was not disclosed.
At the moment, the company is in the process to design multi-rotor drones that may pick up a payload under 5 kg and put up drone delivery circuits. Robots will be an inevitable part of the future, he added.
The acquisition will help the food technician firm achieve its drone-based food delivery in the country. TechEagle is just three years old company founded by IIT-Kanpur alumnus Vikrum Singh Meena. In May, Lucknow-based startup analyzed tea delivery system covering the space of 10 km.
Delivery alone accounts for over 60 percent of the organization’s overall revenues. Having a mere 3.5 million deliveries per month at the beginning of this FY, Zomato had claimed 22 million monthly purchase run speed.
The company has 54k restaurant partners and 1.5 lakh delivery partners in over 50 cities in India.
This month Zomato also began farm equipment to restaurant spouses in Bengaluru through HyperPure. Currently, it provides farm, staples, poultry and dairy products to about 300 restaurant partners in town.
Meanwhile, Zomato continues to battle exits of its senior executives. Following COO Deepak Gulati and Samir Kuckreja leaving the company, now its CFO Sameer Maheshwary has resigned within six months of his joining. In his absence, Chief Operating Officer Gaurav Gupta will lead the finance team.
Recently, Zomato has also hired Durga Raghunath and Chaitanya Mathur for the articles of senior VP-growth and mind of event business respectively.
