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Zomato acquires TechEagle Innovations

Press Trust of India  |  New Delhi 

Wednesday said it has acquired Lucknow-based startup TechEagle Innovations, for an undisclosed amount, to carve a path toward drone-based delivery in

TechEagle will help in creating a powered by hybrid multi-rotor drones, said in a statement.

The company, however, did not share any financial details of the acquisition.

Commenting on the development, Founder and 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 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, Goyal said.

delivery business currently contributes about 65 per cent to the overall revenue of the company, Zomato said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, December 05 2018. 15:05 IST