Food Tech Startup Dazo Shuts Down

Bangalore based Dazo started as a curated food demand platform (app only) and had raised funding Google’s Rajan Anandan, Amazon’s country manager Amit Agarwal, Commonfloor’s Sumit Jain, TaxiForSure’s Aprameya Radhakrishna and SAIF’s Alok Goel. Competitor SpoonJoy too stopped its Delhi operations.

Bangalore based food tech startup, Dazo has shut down and the company has stopped taking new orders.

Dazo started as a curated food demand platform and had raised funding Google’s Rajan Anandan, Amazon’s country manager Amit Agarwal, Commonfloor’s Sumit Jain, TaxiForSure’s Aprameya Radhakrishna and SAIF’s Alok Goel.

“As a team we’ve decided to to move over this business and we’ll be working on a new product” says the Dazo email.

Important to note that a lot of nifty features from Dazo were copied by some of the big players. Recently, SpoonJoy too stopped its Delhi operations and the ones who failed to raise Series A are on the verge of either a pivot (to smaller scale operations) or are shutting down.

Does this mean ‘winter’ is coming? No. In any industry, this is bound to happen – the *late to market/fund raise* will lose out to the hustlers.

1 comment
  1. I have been writing, the space is so much crowded and people were mad in Investing in Online (Consumer Technology Space) and M Commerce based businesses, there would be many more shutdowns in coming months…..

Leave a Reply

Sign Up for #BigDaily Newsletter

Daily.