Mobile-only food ordering startup TapCibo rebrands as Dazo, gets fresh funding
Bangalore based mobile-only food ordering startup TapCibo Online Solutions Pvt Ltd, which operated under TapCibo, has rebranded itself as Dazo and has raised an undisclosed amount in seed funding from a bunch of entrepreneurs including Sumit Jain (co-founder and CEO, CommonFloor), Aprameya Radhakrishna (co-founder, TaxiForSure) and Ashish Dev Kapur (co-founder, Yo! China), it said on Wednesday.
The round also saw participation from industry professionals—Rajan Anandan (MD, Google India), Amit Agarwal (country manager, Amazon India) and Vinay Goel (director, product management, Google Maps & Local).
Early this year, VCCircle had first reported that Alok Goel (former CEO, FreeCharge) has invested in TapCibo.TapCibo is co-owned by Goel's wife Monica Rastogi.
The funds will be used for enhancing product, technology and scaling operations into new localities.
Dazo currently operates across Indira Nagar, Domlur, Koramangala, Old Airport Road and Bagmane Tech Park areas in Bangalore.
It has also launched a wallet through which customers can make the entire transaction cashless.
The company was founded in October 2014 by Shashaank Shekhar Singhal (former director of mobile products at bus ticketing venture redBus) and Monica Rastogi (founder of Explore-in-Android).
To begin with, the company had its own chefs to cook food and has now tied up restaurant partners including Tadka Singh (for North Indian food), The Ants Cafe (for pasta), Kitchen of Joy (for Bengali food) and Chai Point (for evening snacks).
"I am impressed with the calibre and experience of Dazo's founding team. They have been able to build a superior product experience at such an early stage. The complementary skill sets of the seed investors and advisors will further aid the growth of the business," said Sumit Jain, co-founder and CEO, CommonFloor.
Dazo is facing competition mainly from SpoonJoy, which allows office goers and other consumers to order meal packs such as set cut-fruit packs, and NutriTown. SpoonJoy received an undisclosed amount in funding from Flipkart co-founder Sachin Bansal, chief product officer Mekin Maheshwari, Sahil Barua, co-founder of Delhivery, and Abhishek Goyal, founder of Tracxn in December 2014. Gurgaon-based Yumist is another venture working in this space.
(Edited by Joby Puthuparampil Johnson)