Ecommerce, Investments

Mobile-only Startup Dazo Raises Funding from Founders of CommonFloor, TFS, RedBus and Others

Image Source: Dazo

Image Source: Dazo

Bengaluru-based food tech startup Dazo (previously called Tapcibo) has raised a new round of funding from Sumit Jain (co-founder and CEO, CommonFloor), Aprameya Radhakrishna (co-founder, TaxiForSure), Alok Goel (former CEO, FreeCharge). The round also saw participation from Rajan Anandan (MD, Google India), Amit Agrawal (Country Manager, Amazon India), Vinay Goel (Director Product Management, Google Maps & Local), Gaurav Munjal (Co-founder and CEO, Flatchat) and hospitality entrepreneurs such as Ashish Dev Kapur (co-founder, Yo! China), amongst others.

As per YourStory report, the raised funding will be used for enhancing product, technology and scaling operations into many new localities. The current team size of the startup is 20 and also plans to expand it.

Dazo is an Android-app that can be used to order food on-demand. Users van order their choice of food with just three taps on the mobile app. First of all, users need to choose the dish they like, then choose their location where they want it delivered and finally meet the delivery man on their location and collect their meal. It has also launched a wallet through which customers can make the entire transaction cashless. Users can recharge wallet through Credit Card, Debit Card and Netbanking payment options.

The startup is serving 150+ orders on a daily basis and its app has been downloaded over 4000 times on the Google Play Store.

Other food startups like TinyOwl has raised $15 million in its series B round led by Matrix Partners; and Swiggy has raised 2 million from Accel and SAIF Partners. Zomato and Foodpanda have also entered into the food delivery space.

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