Total amount raised
$240.9 Millions
Latest funding date
Location
Stanza Living has successfully raised significant funding through multiple rounds, attracting a diverse group of investors. The company specializes in providing tech-enabled co-living spaces tailored for students and professionals.
Keep reading to delve into the details of Stanza Living's funding journey and the key investors supporting this innovative platform.
What Is Stanza Living?
Founded in 2017 in New Delhi, Stanza Living is a tech-enabled co-living concept designed for students and professionals. The company was established by Anindya Dutta, Sandeep Dalmia, and Yohan T Joseph.
Stanza Living offers fully-furnished and managed accommodations, including room cleaning, laundry services, and customizable meals. Their digital platform facilitates payments and management, ensuring a seamless living experience.
With a workforce of 501-1000 employees, Stanza Living operates in over 24 cities, providing more than 70,000 beds across 450+ residences.
How Much Funding Has Stanza Living Raised?
- Seed Round
- Amount Raised: ₹2M
- Date: November 2017
- Lead Investors: Accel, Z47
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart operations and establish initial residences.
- Venture Round
- Amount Raised: ₹730M
- Date: September 2018
- Lead Investors: Peak XV Partners, Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the number of residences and enhance service offerings.
- Debt Financing
- Amount Raised: $4.4M
- Date: March 2019
- Lead Investors: Alteria Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational costs and further expansion.
- Series C
- Amount Raised: $50M
- Date: November 2019
- Lead Investors: Alpha Wave Global
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale up operations and increase market presence.
- Debt Financing
- Amount Raised: $5.7M
- Date: December 2019
- Lead Investors: Alteria Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To manage cash flow and operational expenses.
- Series D
- Amount Raised: $102M
- Date: April 2021
- Lead Investors: Alpha Wave Incubation
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand into new cities and enhance technological infrastructure.
- Debt Financing
- Amount Raised: ₹4.3B
- Date: March 2022
- Lead Investors: Kotak Mahindra Bank, RBL Bank
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations and expansion plans.
- Venture Round
- Amount Raised: ₹1.1B
- Date: May 2024
- Lead Investors: Alpha Wave Global
- Valuation at Round: ₹3,900 crore ($470 million)
- Motivation Behind the Round: To bridge the gap until the next major funding round and support growth initiatives.
Total Amount Raised: Over $230 million. Current Valuation: ₹3,900 crore ($470 million).
Key Investors
- Alpha Wave Global
- Details: Alpha Wave Global is a prominent investment firm known for backing high-growth companies. They have a significant stake in Stanza Living, leading multiple funding rounds.
- Investment Focus Areas: Technology, consumer services, financial services.
- Notable Investments: Swiggy, PolicyBazaar, Dream11.
- Accel
- Details: Accel is a global venture capital firm that invests in seed, early, and growth-stage companies. They have been a consistent investor in Stanza Living.
- Investment Focus Areas: Technology, consumer, healthcare.
- Notable Investments: Facebook, Dropbox, Flipkart.
- Peak XV Partners
- Details: Formerly known as Sequoia Capital India, Peak XV Partners is a venture capital firm investing in early and growth-stage companies in India and Southeast Asia.
- Investment Focus Areas: Technology, consumer, healthcare.
- Notable Investments: Byju's, OYO, Zomato.
- Alteria Capital
- Details: Alteria Capital is a venture debt fund that provides loans to high-growth startups. They have supported Stanza Living through multiple debt financing rounds.
- Investment Focus Areas: High-growth startups across various sectors.
- Notable Investments: Dunzo, Lendingkart, ZestMoney.
- Kotak Mahindra Bank
- Details: Kotak Mahindra Bank is one of India's leading financial institutions, offering a wide range of banking products and financial services.
- Investment Focus Areas: Banking, financial services, insurance.
- Notable Investments: Not publicly disclosed.
What's Next for Stanza Living?
Stanza Living stands at the cusp of significant growth opportunities. With the recent Rs 110 crore bridge funding led by Alpha Wave, the company is well-positioned to expand its footprint across more cities and increase its inventory of beds and residences. The managed accommodation market for students and professionals is booming, and Stanza Living's tech-enabled services are poised to capture a substantial share of this growing sector.
Future fundraising efforts are likely, as the company continues to attract investor interest. The potential to raise an additional $25 million is on the horizon, which would further fuel their expansion and operational needs. However, challenges such as rising operational losses and intense competition from other co-living providers like Colive and Your Space could pose hurdles. Navigating these challenges while leveraging industry trends will be crucial for Stanza Living's sustained growth and market leadership.
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