Abuzz acquired Kalaari & Oxfordcaps

Co-accommodation businesses have been disrupted by the COVID-19 pandemic and the subsequent wave is exacerbating things. The enduring has inundated the whole area and huge scope organizations, for example, Oyo and NestAway have downscaled their activities while many are going through a rough patch.

Early this month, we had written on ZiffyHomes’ battle and how it’s gazing at an unsure future. Also, presently, Kalaari Capital and Times Internet-sponsored Oxfordcaps, which too had encountered extreme financial pressure, has been gained in a fire deal by Altruist Technologies that runs single man centered co-living platform Abuzz.

Anuj Aggarwal, fellow benefactor and executive of Altruist, confirmed the securing to Entrackr. As indicated by Entrackr’s sources, Oxfordcaps had started downscaling its tasks a couple of months after the pandemic started because of serious financial pressure.