Total amount raised
$240.9 Million
Latest funding date
5/1/2024
Location
Stanza Living has successfully raised significant funding over multiple rounds, positioning itself as a key player in the managed accommodations sector. The platform offers a variety of living spaces tailored for students and professionals, ensuring convenience and comfort.
Keep reading to explore the intricacies of Stanza Living's fundraising journey and the investors backing this innovative platform.
What Is Stanza Living?
Stanza Living operates in the managed accommodations industry, offering co-living spaces and student housing across various cities in India. The company provides a range of living options, including co-living spaces for professionals, student housing, and managed apartments.
With operations in cities like Bengaluru, Mumbai, Gurgaon, Pune, and Hyderabad, Stanza Living emphasizes convenience and affordability. The company aims to create a vibrant living experience with amenities and services tailored to the needs of young residents.
How Much Funding Has Stanza Living Raised?
- Seed Round
- Amount Raised: INR 2,000,000
- Date: November 2017
- Lead Investors: Accel, Z47
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart operations and establish initial residences.
- Series Unknown
- Amount Raised: INR 730,000,000
- 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 increase market presence.
- Debt Financing
- Amount Raised: USD 4,400,000
- 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: USD 50,000,000
- Date: November 2019
- Lead Investors: Alpha Wave Global
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance service offerings.
- Debt Financing
- Amount Raised: USD 5,700,000
- 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: USD 102,000,000
- Date: April 2021
- Lead Investors: Alpha Wave Incubation
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand into new cities and increase bed capacity.
- Debt Financing
- Amount Raised: INR 4,250,000,000
- Date: March 2022
- Lead Investors: Kotak Mahindra Bank, RBL Bank
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support large-scale operational expansion and financial stability.
- Series Unknown
- Amount Raised: INR 1,100,000,000
- Date: May 2024
- Lead Investors: Alpha Wave Global
- Valuation at Round: INR 3,900 crore (USD 470 million)
- Motivation Behind the Round: To secure additional capital for growth and expansion.
- Debt Financing
- Amount Raised: INR 600,000,000
- Date: August 2025
- Lead Investors: Alteria Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To manage operational costs and support ongoing projects.
Total Amount Raised: USD 230 million. Current Valuation: USD 470 million.
Key Investors
- Alpha Wave
- Details: Alpha Wave is a global investment company known for its focus on high-growth technology and innovation-driven companies. It led the recent bridge funding round for Stanza Living with a significant investment of Rs 83 crore.
- Investment Focus Areas: Technology, innovation, high-growth companies.
- Notable Investments: Swiggy, Ola, PolicyBazaar.
- Matrix Partners
- Details: Matrix Partners is a venture capital firm that invests in early-stage companies across various sectors. It participated in the recent funding round for Stanza Living with a collective investment of Rs 27 crore.
- Investment Focus Areas: Technology, consumer, enterprise.
- Notable Investments: Ola, Practo, Quikr.
- Accel India
- Details: Accel India is a venture capital firm focusing on seed and early-stage investments in technology and internet sectors. It has been a consistent investor in Stanza Living.
- Investment Focus Areas: Technology, internet, consumer.
- Notable Investments: Flipkart, Freshworks, Swiggy.
- Peak XV
- Details: Formerly known as Sequoia Capital India, Peak XV invests in technology, consumer, and healthcare sectors. It has been involved in multiple funding rounds for Stanza Living.
- Investment Focus Areas: Technology, consumer, healthcare.
- Notable Investments: Byju's, Zomato, OYO.
- Alteria Capital
- Details: Alteria Capital is a venture debt fund that provides financing to high-growth startups. It has participated in several debt financing rounds for Stanza Living.
- Investment Focus Areas: High-growth startups, technology, consumer.
- Notable Investments: Not publicly disclosed.
What's Next for Stanza Living?
Stanza Living is poised for significant growth, with opportunities to expand its co-living options for students and professionals across more cities. The company’s recent bridge funding round of Rs 110 crore ($13 million) led by Alpha Wave, along with contributions from Matrix Partners, Accel India, and Peak XV, underscores the financial backing and growth potential. With an inventory of over 75,000 beds in 450 residences, the company is well-positioned to scale its operations and enhance its service offerings.
Future fundraising opportunities appear promising, as Stanza Living is already in discussions to raise an additional $25 million. The company’s history of successful fundraising, having accumulated over $230 million through various rounds, indicates a strong investor interest. This financial support will be crucial as Stanza Living aims to expand into new markets and increase its bed capacity.
However, challenges remain. The company faces rising operational losses, which increased to Rs 495 crore in FY23, and intense competition from other managed accommodation providers. Balancing rapid expansion with financial sustainability will be key to navigating these hurdles. Despite these challenges, the growing demand for managed housing and the company’s strategic initiatives position Stanza Living for a promising future.
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