Co-living platform Abuzz has acquired student accommodation startup Oxfordcaps while Tata Group is in talks to acquire health and fitness startup Cult.Fit (formerly Cure.fit). Separately, Dream11 has pumped in $50 million in its in-house sports content and commerce platform FanCode.
Abuzz acquires Oxfordcaps
Oxfordcaps had begun downscaling its operations due to severe financial stress after the coronavirus pandemic hit the nation last year. According to the report, the startup had also approached the investors for a bridge round, which eventually did not materialise.
While the acquisition is still in the process, quoting filings, the report said Oxfordcaps has appointed Lalit Kumar, a representative of Altruist Technologies, to its board of directors.
Tata Group eyes Cult.Fit
Tata Group is also exploring the possibility of getting Cult.Fit founder Mukesh Bansal to head its digital business, the report said quoting sources.
Cult.Fit has so far raised $418 million in funding and was last valued at around $800 million. Its investors include Temasek, Accel, Kalaari Capital among others.
Dream11 pumps $50m in FanCode
Dream11 has routed the funding through its arm Dream Sports Investments (DSI).
“The funding from Dream Sports will help us enhance our existing offerings and invest in further innovation in the sports tech domain as we scale up to our goal of growing to a user base of 100 million sports fans by July next year,” Yannick Colaco, Co-Founder of FanCode said.
Since its inception in 2019, FanCode claims to have acquired over 20 million sports fans as users, partnered with some of the biggest global sports brands such as the NFL, MLB, Cricket West Indies, New Zealand Cricket, NBA, Bundesliga, multiple IPL teams, and live-streamed nearly 30,000 hours of sports content.