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Zomato buys Lucknow-based TechEagle for delivering food via drones

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New Delhi: With an aim to deliver food via drones in India, online ordering app Zomato on Wednesday announced it has acquired a Lucknow-based startup TechEagle Innovations that works exclusively on drones, for an undisclosed sum.

 

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TechEagle will help Zomato create a hub-to-hub delivery network powered by hybrid multi-rotor drones, the company said in a statement.

“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,” said Deepinder Goyal, Founder and CEO, Zomato.

 

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TechEagle was founded in 2015 by IIT-Kanpur alumnus Vikram Singh Meena.

“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,” added Goyal.

 

Zomato acquires Lucknow-based TechEagle to deliver food through drones:

 

Zomato has over 75,000 restaurant partners offering food delivery services across over 100 cities in India.

 

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It acquired Runner last year and currently has over 1.5 lakh delivery partners as part of its last mile delivery fleet.

“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,” added Meena.

 

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The acquisition came after Zomato announced earlier this week that Durga Raghunath, currently Chief Executive Indian Express Digital Media Services, will be joining the company as Senior Vice President-Growth, effective December 21.

 

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Tesla bags 200,000 orders for its futuristic ”Cybertruck”

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New Delhi: Elon Musk is back with a bang with his all-new “Cybertruck”. Irrespective of the controversies the all-new Tesla Cybertruck has gathered, it is one of the most radical wheels that has gone on sale in recent times and is becoming quite popular by the day.

Elon Musk took to Twitter to share that Tesla has already received 200k orders since the launch of the “Cybertruck” which was actually 3 days ago(22 November).

Tesla Cybertruck’s production is expected to begin in late 2020. The electric pickup truck is available in three trims — single motor RWD with a range of over 250 miles, dual-motor AWD with a range of more than 300 miles and tri-motor AWD with a range in the north of 500 miles.

The single motor RWD variant of the Cybertruck can go from 0 to 60 mph in below 6.5 seconds and has a towing capacity of over 7,500 pounds, while the dual-motor AWD trim can make 0-60 mph in under 4.5 seconds and boasts of a towing capacity of more than 10,000 pounds. Tesla claims that the tri-motor AWD variant of the vehicle is good for 0-60 mph in less than 2.9 seconds and gets a towing capacity of 14,000 pounds.

Given its relative performance and price, the Cybertruck could be a massive success for Tesla as it enters into the largest segment in the US market. Almost three million pickups were sold to consumers in 2018. If Tesla can carve off a tiny sliver of that, it’ll go a long way toward taking Tesla’s annual sales to the next level.

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