A little a year after it came into existence, food tech startup Dazo has decided to shut shop. The company, which was initially called Tapcibo, used to aggregate meals from partner restaurants and took care of last-mile delivery to ensure superior customer experience. “As a team we’ve decided to move over this business and we’ll be working on a new product. I hope we were able to serve you well,” said Chief Executive Shashank Shekhar Singhal.
Dazo had been one of the upstarts of India’s burgeoning food tech scene, counting Amazon India chief Amit Agarwal, Google India chief Ranjan Anandan, Commonfloor’s Sumit Jain, TaxiForSure’s Aprameya Radhakrishna and Alok Goel, the former Freecharge chief executive among its investors.
The company had initially started out as an Internet-first kitchen and subsequently pivoted to an aggregator of select restaurants. Food tech is currently a hot space in the Indian startup ecosystem, with several companies receiving funding. Dazo was competing with biggies in the space including TinyOwl, FoodPanda and Swiggy, which had considerably deeper pockets and more cash to burn.
Internet-first kitchen SpoonJoy has also scaled down its operations in Bengaluru and stopped operations in Delhi last week.