Student housing operator, Stanza Living bags series C funding; aims to invest Rs 250 crore for this purpose
Two-year-old student housing company, Stanza Living has secured an undisclosed investment as part of an on-going round led by Falcon Edge Capital. The company has also committed to an investment of Rs 250 crore to strengthen its pan-India presence.
Two-year-old student housing company, Stanza Living has secured an undisclosed investment as part of an on-going round led by Falcon Edge Capital. The company has also committed to an investment of Rs 250 crore to strengthen its pan-India presence. The Series C round also saw participation from its marquee existing investors Sequoia Capital, Matrix Partners, and Accel Partners. Present across key educational-hubs of Delhi NCR, Bangalore, Pune, Hyderabad, Chennai, Coimbatore, Indore, Vadodra and Dehradun, the company is targeting an inventory of one lakh beds by 2021.
Stanza Living (www.stanzaliving.com) is a tech-enabled student housing concept that provides student living experience in India with evolved hospitality sectors like hotels and serviced apartments. The company provides various services like smart-space planning in residences, delivery of food, community engagement programmes. The company currently operates in Delhi-NCR and plans to expand its presence across multiple student markets in the country in the coming months.
Anindya Dutta, Managing Director, and Co-Founder, Stanza Living, said, “We are excited to welcome Falcon Edge Capital at this strategic point in our growth journey, where we are consolidating our presence as India’s largest student housing operator. To build our capabilities and strengthen footprint, we are considering a healthy balance of organic and inorganic growth measures, including, potential acquisitions of competitors. We will be deploying a significant part of the raised capital towards these efforts.”
Sandeep Dalmia, Managing Director and Co-Founder, Stanza Living, said “The continued interest of the investor community is an endorsement of our growth story and business model. Our thoughtfully-designed spaces, professionally-managed services, and technology-edge have helped us deliver a world-class residence experience, tailored to students’ needs and aspirations. The current investment will bolster our growth as we continue redefining student living in India.”
Stanza Living has created new-student living models in line with hospitality-led housing solution, community-building personal and professional development programmes, and a high-quality ecosystem catering to diverse student requirements.