"Two of the main reasons the company decided to shut shop were fierce competition and lack of funding. Heavy capital investment is essential in the food-tech industry and Dazo started running low on funding. The very high competitivity in the sector led companies to slash their prices until practically no company could make substantial revenue from the sector and the cost of client acquisition actually increased. Needless to say, Dazo struggled to find fundings and the company opted for ceasing its operations within a year of their launch.€"