Abuzz acquires Kalaari and Times Internet-backed Oxfordcaps

Kalaari Capital and Times Internet-backed Oxfordcaps, which too had experienced severe financial stress, has been acquired in a fire sale by Altruist Technologies that runs bachelor-focused co-living platform Abuzz. As per the report, Oxfordcaps had begun downscaling its operations a few months after the pandemic began due to severe financial stress.