Stanza Living expands operations to seven new cities, targets inventory of 1 lakh beds by 2021
One of India's largest student housing brands - Stanza Living - has expanded its operations to seven new cities and aims to take its overall inventory to 1 lakh beds by 2021.
One of India's largest student housing brands - Stanza Living - has expanded its operations to seven new cities and aims to take its overall inventory to 1 lakh beds by 2021. With the inclusion of seven cities, the startup has now its presence in 10 cities. The newly inducted cities include - Hyderabad, Chennai, Coimbatore, Indore, Pune, Baroda and Dehradun. With this, the company has reached a national inventory of 22,000 beds across ten cities, growing more than 150x in 24 months. The company has also clocked Rs 20 crore revenue in FY18-19.
Talking about their journey, Anindya Dutta, Co-Founder, Stanza Living said, “We aim to reimagine student living for the millions of students migrating in the country, with our hassle-free, tech-enabled and service-led housing experience. Our entry into these strategic educational hubs is a step towards building a pan-India student living brand, where residents can be assured of comfort, convenience and community experience at transparent rents. We are confident of reaching a target of over one lakh beds by 2021."
The company operates a full-stack model, ensuring end-to-end management of all student residences under its operations. This is done through a comprehensive technology platform that ensures seamless delivery of services like food, WiFi, laundry, housekeeping, security set-up (CCTV cameras, biometric access) and more. Focused on smart-living, the company also provides students the Stanza Resident App, which has been designed to get a pulse of student needs, provide a responsive feedback management system and enable overall ease of communication.
Elaborating on their offerings, Sandeep Dalmia, Co-founder, Stanza Living, said, "Students in India expect their next place of residence to be an extension of home. Yet they are often forced to compromise on infrastructure and service quality. Our comprehensive offering covers all daily hassles – nutritious food, unlimited laundry, WiFi, professional housekeeping, tech-enabled security, and responsive feedback mechanism – in a comfortable residence space.”
The company was founded in 2017 and since then, has raised nearly USD 17 million (INR 115 Cr) from investors, becoming the largest funded student housing operator in the country. It is backed by global investors like Sequoia Capital, Accel Partners, Matrix Partners and Alteria Capital.
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