Hyderabad-based bike rental firm Tazzo Technologies Pvt. Ltd has shut down its operations less than two years since its inception in January 2016, a top company executive told TechCircle. The company formally ceased functioning sometime in January 2018, Priyam Saraswat, co-founder of the venture, said. In its last known funding round in October 2016, it raised $225,000 (Rs 1.5 crore back then) from DSG Consumer Partners. Prior to that, Kapil Chopra, president of The Oberoi Group, had also led an angel round into the startup.