On-demand bike rental service provider “Tazzo” raises $225K in seed funding from DSG Consumer Partners

Tazzo technologies is a Hyderabad-based tech-enabled bike rental service provider

Bengaluru - Oct 15, 2016. RedNewswire/-

Tazzo technologies is an on-demand delivery platform for the rental of self-drive motorbikes in Hyderabad and Bangalore. It offers doorstep delivery and pick-up services of bikes.

The company has raised $225 seed funding led by investor Deepak Shahdadpuri ,DSG Consumer Partners. The funds raised will be used to enhance its technologies and to expand its services in multiple cities. It was founded in 2015 by Priyam Saraswat, Shivangi Srivastava, Priyank Suthar, and Vikrant Gosain.

Tazzo provides a wide range of motorbikes from Scooters to geared vehicles with prices starting Rs 4/km and Rs 10 /hr, which includes fuel and insurance, and with no additional delivery and pickup charges.

It accepts rental orders via call as well as its mobile app which is available for Android devices. A customer can track the availability of motorbikes at the nearest bike station and request for a free delivery and pickup within 30 minutes.

Deepak Shahdadpuri who made the investment said..

"Tazzo addresses the needs of the millennial local commuter who does not necessarily want to buy an expensive and depreciating asset and by using Tazzo, can adopt a pay-peruse model."

Priyam Saraswat, founder, Tazzo, said..

“We are excited to work with DSG Consumer Partners who have a track record of working with early-stage consumer brands like Tazzo. We are fine tuning our product, platform and delivery model in Hyderabad before taking it to other metros."

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